• Thursday, October 17, 2019

The 10 Largest Investment Management Companies Worldwide

Discussion in 'World Affairs' started by Hamartia Antidote, Oct 9, 2019.

  1. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    https://www.thebalance.com/which-firms-have-the-most-assets-under-management-4173923

    There are a lot of big companies in the world managing a lot of money.


    When individuals and institutions invest money, they often will do so with the help of an asset management company, which can take control of those investments and make money for everyone involved, assuming that markets cooperate.


    An asset management company is involved in investing and managing portfolios of mutual funds and other securities. In short, these firms take the capital from individuals or institutions and put it to work for them. Some asset management companies are geared toward very wealthy individuals who hand over full control of their investments to portfolio managers.


    Many asset managers will only deal with large institutions, such as other corporations, big non-profits, or associations. But many of the most recognizable firms will offer services for average investors. In many cases, asset management firms make money by charging fees based on the number of assets they manage, though some will charge flat fees.


    These companies often have other business lines other than asset management, including brokerage services. In some cases, asset management makes up a fraction of the company’s revenue. This means that they often partner with each other in various ways, despite being competitors.


    For example, one asset management firm may use its online brokerage platform to allow investors to buy and sell the mutual funds of a competing company.

    10 Largest Investment Management Companies
    Here’s a look at the top asset management companies, by the number of funds under their control. You may recognize some of these companies as among the largest financial institutions in the world.


    Please note that some companies may have much higher reported “assets under custody” which would include money still managed by clients themselves.


    All figures reflect the most recent available AUM numbers and exchange rates as of August 2018.


    BlackRock upload_2019-10-9_17-28-34.gif
    AUM:
    $6.3 trillion

    BlackRock is not just the world’s largest asset manager, but one of the world’s largest financial institutions. The company was founded in 1988 and went public in 1999. The firm has been influential in advancing the growth of exchange-traded funds (ETFs), through its iShares products. Ishares now comprise more than a quarter of BlackRock’s assets under management.


    The Vanguard Group upload_2019-10-9_17-28-34.gif
    AUM:
    $5.1 trillion

    Vanguard has become synonymous with the strategy of passive investing, in which money is placed in mutual funds designed to mirror the activity of specific indexes or the broader stock market. Vanguard boasts of low expense ratios for most of its funds. In addition to asset management, Vanguard offers brokerage services, financial planning, annuities, and other services.


    Charles Schwab upload_2019-10-9_17-28-34.gif
    AUM:
    $3.36 trillion

    “Chuck” is a leading discount broker with nearly 11 million active brokerage accounts. The company has played a significant role in making investing easier for average people through its online platform and low commissions.


    JPMorgan Chase upload_2019-10-9_17-28-34.gif
    AUM:
    $2..78 trillion

    Most people think of J.P. Morgan Chase as an investment bank, but it has a robust asset management business and got $1.3 billion in assets moved from BlackRock as part of a new custody arrangement last year.


    State Street Global Advisors upload_2019-10-9_17-28-34.gif
    AUM:
    $2.7 trillion

    Boston-based State Street is the subsidiary of State Street Corporation. It manages investments for a wide range of institutional clients including non-profits, local governments, associations, and even educational groups.


    Fidelity upload_2019-10-9_17-28-34.gif
    AUM:
    $2.5 trillion

    Fidelity is an asset manager and a discount broker with more than 27 million customers. It offers an online platform for individual investors to buy and sell securities, and also manages entire portfolios on behalf of clients. In the summer of 2018, it made headlines when it began offering mutual funds with a zero expense ratio and minimum investment requirement.

    Allianz. upload_2019-10-9_17-39-8.gif
    AUM:
    $2.2 trillion

    This German firm is primarily an insurer but operates two asset management divisions: Allianz Global Advisors and PIMCO. By itself, PIMCO has more $1.6 trillion under management.


    BNY Mellon upload_2019-10-9_17-28-34.gif
    AUM:
    $1.8 trillion

    The history of this company dates back to its founder, Alexander Hamilton. Maybe you’ve heard of him. More than 230 years later, BNY Mellon manages investments for individuals and investments in 35 countries.


    Amundi. upload_2019-10-9_17-37-55.gif
    AUM:
    $1.6 trillion

    This Paris-based company got a big boost in 2016 when it bought Pioneer Investments from an Italian bank. It has more than 100 million customers and offices in nearly 40 countries and is the top asset manager in Europe.
     
    Last edited: Oct 10, 2019
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  2. Sulman Badshah

    Sulman Badshah STAFF

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    if they get atleast 2% Management fee on theirr AUM .. than Blackrock management fees should be whooping 12+ B USD
     
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  3. Juggernaut_is_here

    Juggernaut_is_here FULL MEMBER

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    is Charles Schwab the same Charlie Schwab from Andrew Carnegie?
     
  4. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    Nope. The guy is alive and the Chairman. No direct relation
     
  5. Götterdämmerung

    Götterdämmerung SENIOR MEMBER

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    Here in Germany, we call these companies heuschrecken (locus).
     
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  6. Juggernaut_is_here

    Juggernaut_is_here FULL MEMBER

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    It's a sad state of affairs that companies engaged in fiancial black magic are bigger than companies that produce machineries,ships,cars and heavy equipments...Overt reliance on financial trickery along with rampant sexual promiscuity will be the downfall of the US Empire..It didnot have to be this way and the US empire could have had a 300-400 year run instead of the curtailed 200-250 year one
     
  7. Yaseen1

    Yaseen1 SENIOR MEMBER

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    i think with rise of Artificial intelligence this financial management will go in hands of other companies who invest in AI technology for financial services and investment management,It is better for world to invest in AI and IT systems for investment management than to rely on such companies
     
  8. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    That's a pretty narrow-minded view of financial companies. When companies "that produce machineries,ships,cars and heavy equipments" need money to expand they have to get it from somewhere. If they got it from a bank they'd have to put up their assets as collateral which opens up serious risk of losing the company. The bond market gives them access to millions of investors with CASH who will accept that risk.

    These companies having trillions at their disposal are lifesavers to many and incubators for ideas no bank or government would fund. Plus $Trillions just mean there is lots of people out there doing well enough to hand them money.


    Oh brother..stop believing Hollywood movies/tv. As somebody in Germany (where prostitution is legal BTW) I think you'd be well aware the US is almost prudish compared to Europeans (and even Canadians). We aren't even on this list:
    https://www.theclever.com/15-countries-with-the-most-promiscuous-women/


    https://blog.ricksteves.com/blog/european-flesh-and-the-american-prude/
    European Flesh and the American Prude
    My Dutch friends had a copy of a graphic, government-produced magazine promoting safe sex on their coffee table. I was sitting on the toilet at an airport in Poland and the cleaning lady asked me to lift my legs so she could sweep. I’ve learned that I can measure the after-dark romantic appeal of scenic pull-outs along Italy’s Amalfi Coast drive by how many used condoms litter the asphalt. Soap ads on huge billboards overlooking major city intersections in Belgium come with lathered-up breasts. The logo of a German friend’s travel guidebook publishing company is a stick figure of a traveler on a tropical paradise islet leaning up against its only palm tree, hands behind his head, reading a book that’s supported by his erect penis. Children play naked in fountains in Norway. A busty **** star is elected to parliament in Italy. Coppertoned grandmothers in the south of France have no tan lines. The student tourist center in Copenhagen welcomes visitors with a bowl of free condoms at the info desk. Accountants in Munich fold their suits neatly on the grass as every inch of their body soaks up the sun while taking a lunch break in the park.

    I’m not comfortable with all of it. In Barcelona during a construction industry convention, locals laughed that they had to actually bus in extra prostitutes from France for this gang. I find the crude sexual postcards sold on racks all over the Continent gross, the Benny Hill-style T&A that inundates TV throughout Mediterranean Europe boorish, and the topless models strewn across page two of so many British newspapers insulting to women. And I’ll never forget the time my wife and I had to physically remove the TV from our children’s hotel room in Austria after seeing a couple slamming away on the free channel 7 (and the hotelier looked at us like we were crazy).

    Comparisons with America are striking. In our culture, a popular children’s TV host is routed into obscurity after being seen in an adult theater. A pop star dominates the news media for days after revealing a partially obscured breast for a fleeting moment during a football halftime show. During one particularly moralistic time, statues of classical goddesses gracing our nation’s Capitol were robed. And, because my travel show includes naked statues, it actually has to be shown only after 10 p.m. in some American towns.
     
    Last edited: Oct 11, 2019 at 6:22 AM
  9. viva_zhao

    viva_zhao FULL MEMBER

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    All of those asset management corps are small shrimps.
    State-owned Assets Supervision and Administration Commission
    As of 2017, its companies had a combined assets of 161 trillion yuan (US$26 trillion), revenue of more than 23.4 trillion yuan (US$3.6 trillion), and an estimated stock value of 50 trillion yuan (US$7.6 trillion),[2][3][4] making it the largest economic entity in the world.
     
  10. Juggernaut_is_here

    Juggernaut_is_here FULL MEMBER

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    @Hamartia Antidote Most of the money in financial industry is "leveraged money" or virtual money..They often throw terms like tens of billions or hundreds of billion or trillions of dollars when a big microprocessor fab costs may be 4-5 billion dollars, a 300,000 unit car factory may be 2 to 3 billion dollars at a green field site, a 150 floor skyscraper may be 1 billion dollars to 1.5 billion dollars, a retractable roof 40,000 seater stadium may be half a billion dollars, complete R&D cost a world beating supercar may 3-400 million dollars, a cruise ship also I guess somehwere around 700 million dollars....in the real world a Billion gets you a lot, a whole lot...but in the financial industry, such numbers are thrown around as if they are dirt...Things just donot add up...most probably the financial economy outsizes the real economy
     
  11. Hamartia Antidote

    Hamartia Antidote ELITE MEMBER

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    The world bond market is over $100Trillion. China has $13Trillion of it.
    Worldwide development costs add up quickly.

    You should see a search screen for bonds...it's insane.
     
    Last edited: Oct 11, 2019 at 7:55 PM
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