Numerous investors and organizations invest with the assistance of Money Management & Finance Advisor Companies. These companies manage complete finance and help to make the right investment decisions.
A corporation specializing in asset management invests and manages portfolios of trading, funds, finance crises management, and other securities. These investors typically delegate complete control of their investments to asset managers.
Learn about the world’s largest investment management businesses and how they operate in this article.
The MakeAnAppLike editorial team presents our inaugural list of the Top 10 best money management companies, with full firm financial and contact information:
Top 20 Best Money Management & Finance Advisor Companies WorldWide
Vanguard has been a revelation in investment management, particularly since the turn of the century. Like Walmart in the retail sector, Vanguard rose to prominence by offering low pricing and a wide range of products. The firm is well-known for its low fee ratios on mutual funds and passive investment management.
Vanguard is the second-largest advising business, with $7.2 trillion in total AUM as of January 31, 2021. Customers have flocked to Vanguard in droves due to the company’s philosophy of lower fees and allowing investors to keep more of their gains.
BlackRock is the world’s largest investment firm. As of December 31, 2020, it managed $8.68 trillion in assets. The corporation has supported exchange-traded funds and has acquired prominence through its iShares funds, which account for more than 30% of its AUM. The corporation is a force to be reckoned with, with operations in over 30 countries and clientele in over 100.
As of June 30, 2021, State Street manages $3.9 trillion in assets. State Street holds the top position on the list of best money management firms as it provides investment management services to a diverse client base, including retail investors. It was one of the original proponents of exchange-traded funds and runs one of the most popular exchange-traded funds, if not the most popular, the SPDR S&P 500 ETF (SPY). This exchange-traded fund is based on the S&P 500. State Street administers a number of funds under the SPDR brand name that focuses on a variety of sectors, allowing investors to obtain exposure to a wide range of markets.
Fidelity Investments made a reputation for itself in the brokerage and mutual fund industries. Fidelity—a word that means loyalty, support, and faithfulness—is one of the most highly ranked financial advisory organizations in terms of customer satisfaction and online help. As of June 2021, the fund managed about $4.2 trillion in assets and offered a variety of mutual funds to assist all types of investors.
J.P. Morgan & Co.—now JPMorgan Chase & Co. (JPM)—was founded by the renowned John Pierpont Morgan and is possibly the most influential private financial organization in U.S. history. The company is the largest bank in the United States and one of the world’s largest financial corporations. Its CEO, Jamie Dimon, is one of the world’s most recognized financial executives, frequently found advising the President and other world leaders.
Given its track record and name recognition, it’s no wonder that J.P. Morgan is one of the top five largest financial advice businesses. Other financial institutions, governments, pension funds, enterprises, and individuals are among its target advisory groups. As of December 31, 2020, its asset management division was in charge of $2.3 trillion in assets.
Mesirow Financial Investment Management is among the top money management companies
and was established in 1986. Mesirow Financial Holdings, Inc., a holding company, owns the corporation both directly and indirectly. Mesirow Financial Investment Management (MFIM) has approximately 12,000 individual clients, nearly all of whom have a low net worth. In addition, the firm has a small but broad range of institutional clients. Government entities, insurance firms, enterprises, retirement plans, endowments, pooled investment vehicles, investment companies, charitable organizations, sovereign wealth funds, and banks are examples of such institutions. Mesirow Financial Investment Management is concerned with the client’s individual requirements. For example, the business will consider your tax situation, risk tolerance, time horizon, income, and liquidity requirements, and short- and long-term financial goals.
The next name on our list of top money management firms is Fort Washington Investment Advisors is a Cincinnati-based advising firm that provides a variety of services such as individual and family wealth management, institutional investment services, and private equity fund management. Fort Washington only services high-net-worth individuals as individual clients. The firm’s remaining clients are institutional, including charitable organizations, enterprises, pooled investment vehicles, investment companies, retirement plans, government agencies, and insurance companies. Because Fort Washington is a fee-based firm, certain on-staff advisors may receive commissions on selling insurance products such as annuities, creating a potential conflict of interest. However, the firm is still compelled to follow fiduciary duty, which legally binds it to operate in its best interests.
Mercer Global Advisors was started in 1985 and has been in business for almost 35 years. Mercer Global Advisors is a financial advisory firm based in Denver. The fee-based firm has over 11,000 individual clients, with a nearly equal distribution between those with and without a high net worth. Retirement plans, philanthropic groups, and corporations make up the firm’s institutional customers. Some of Mercer’s in-house advisors may be able to market insurance products on a commission basis. Although this may appear to be a conflict of interest, the firm’s fiduciary duty requires it to always operate in the best interests of its clients.
Based in San Francisco, Hall Capital Partners is a large fee-only investment advisory firm. While there is no minimum asset criteria for new clients, the firm does not work with anyone who does not meet the high-net-worth level (at least $1 million in investable assets). According to the firm’s Form ADV, it often works with clients who have at least $100 million in investable assets. Pooled investment vehicles, charitable organizations, retirement plans, and other investment advisors are among the firm’s institutional clientele. Hall Capital Partners administers its clients’ tailored portfolios globally and across asset classes. The in-house research team is at the heart of the firm’s investment activity. This committee performs due diligence on a number of underlying fund managers.
Fisher provides a wide range of services to its individual clients, including creating and managing financial portfolios. The organization also offers a comprehensive set of retirement planning services and other financial planning services such as goal setting, income tax preparation, and more. Fisher also provides annuity conversion services, a somewhat uncommon option among advisor firms. Individuals interested in working with Fisher should have at least $500,000 in investable assets, though this is negotiable. Clients who participate in the firm’s WealthBuilder program must only have $200,000 in investable assets. Fisher’s array of services also includes institutional services. Retirement plans, companies, pooled investment vehicles, and other institutions frequently work with Fisher.
Moneta Group Investment Advisors can trace its roots back to 1869. Moneta Group, LLC, held by Moneta’s partners, owns the firm. In addition to Mission Woods, Kansas, Worcester, Massachusetts, and Denver, the firm has offices in those cities. In addition, the firm has several institutional partnerships, with retirement plans, corporations, and charitable groups rounding out its clientele. Moneta’s advisors will assess the client’s investment style at the outset of each client relationship. Moneta Group Investment Advisors’ clientele consists primarily of individuals with high and low net worth. Despite the fact that the firm works with a greater number of high-net-worth individuals than not, it does not have a set account minimum for new clients.
The firm with the biggest AUM on our list, CAPTRUST, is a fee-based financial advisor situated in Raleigh, North Carolina. The firm has around 11,700 individual clients, with almost two-thirds of them having a net worth of less than $1 million. CAPTRUST also works with a large number of institutional clients, such as retirement plans, charitable organizations, enterprises, banks, government agencies, insurance companies, and investment firms. CAPTRUST employs an investment philosophy that emphasizes portfolio customization for each individual client. While clients can place some constraints on how their money is handled, portfolios are often built around their personal risk tolerance, financial goals, time horizon, income needs, and tax situation.
The headquarters of Summit Rock Advisors are in Manhattan. The firm’s co-founders, CEO David Dechman and Chief Investment Strategist Nancy Donohue own it entirely. The company has been in operation since 2007. Summit Rock clients will have their investment portfolios and long-term financial strategies closely monitored. When making decisions, the business works with customers in a holistic approach, attempting to account for all of their financial needs and aspirations. Summit Rock Advisors, based in New York City, is the prototypical elite family office, with fewer than 50 unique clients, all of whom have a high net worth.
Buckingham Strategic Wealth was founded in 1994. Focus Financial Partners indirectly owns the company, which is led by CEO Adam Birenbaum. The advisory team at the firm holds a variety of credentials, including certified financial planner (CFP), chartered financial analyst (CFA), certified private wealth advisor (CPWA), and others. Buckingham Strategic Wealth, based in St. Louis, is a mostly individual-focused financial advisory organization. Its roughly 10,000 individual clients are a mix of persons with and without a high net worth, with the latter outnumbering the former somewhat. Buckingham’s clients include pension plans, charitable organizations, and enterprises. The firm’s minimum investment is $300,000. Buckingham Strategic Wealth first and foremost works with clients to create their personal investment policy statement or IPS.
Wealth Enhancement Advisory Services is owned by Wealth Enhancement Group, LLC, a holding corporation. The company has been in operation since 2001. The firm’s advisory team is certified in a variety of fields, including certified financial planner (CFP), chartered financial consultant (ChFC), chartered financial analyst (CFA), and others. WEAS (Wealth Enhancement Advisory Services) has one of the most extensive client bases of any organization on our list. In reality, over 23,000 people have a relationship with a WEAS advisor, with almost three-quarters of them having less than high net worth. WEAS has a fee-based compensation system, which means that some advisors may receive sales commissions for recommending specific financial products to clients.
The More Top Rated Money Management Firms
|#||Company Name||Office||Total AUM||Total accounts|
|1||Vanguard Group, Inc.||Malvern||$3,006,418,628,666||248|
|2||Pacific Investment Management Co||CA||$1,680,388,656,924||2,442|
|3||Capital Research and Management Co||Los Angeles||$1,366,308,275,042||110|
|4||FMR Co., Inc.||Boston||$918,626,093,485||280|
|5||Wellington Management Co||Boston||$892,082,562,869||1,393|
10 Largest Investment Management Companies
- BlackRock – AUM: $9.464 trillion
- The Vanguard Group – $8.4 trillion
- UBS Group – $4.432 trillion
- Fidelity – $4.23 trillion
- State Street Global Advisors – $3.86 trillion
- Morgan Stanley – $3.274 trillion
- JPMorgan Chase – $2.996 trillion
- Allianz – $2.953 trillion
- Capital Group – $2.6 trillion
- Goldman Sachs – $2.372 trillion
List of asset management firms in USA
The following is a list of the top 20 asset managers in the world (as of 2022), sorted by total assets under management (AUM).
|Rank||Best money management companies||Country||AUM (billion USD)|
|1||BNY Mellon||United States||2,310|
|4||Legal & General||United Kingdom||1,794|
|6||Prudential Financial||United States||1,727|
|7||Edward Jones Investments||United States||1,714|
|9||T. Rowe Price||United States||1,610|
|10||Bank of America||United States||1,579|
The Top Investment & Wealth Management Companies in 2022