High-net-worth individuals and institutions look for a professional to manage their money in most cases. With the help of a money management company, their investments can be controlled and managed to hopefully make money for involved individuals.
A money management firm invests and manages portfolios of mutual funds and other securities. Although it isn’t all about size, if a firm incurred a considerable sum of assets, that indicates attraction of an affluent client base. Large money management companies accumulate money from individual investors, businesses, and non-profits to invest in different asset classes such as stocks and bonds.
These companies have expertise and resources that others don’t. After knowing how they work, let’s take a look at these three top money management firms in the world.
For more than 30 years, BlackRock, the world’s largest asset manager and financial institutions based in the U.S., has helped people take control of their financial security. They offer investment products from index and alpha to portfolio construction. They also provide diversified and low-cost ways to tap into the markets’ potential through iShares exchange-traded funds (ETFs).
They are also renowned for Aladdin technology, which provides investment professionals with the clarity to see, understand, and act despite the world’s changes. The firm manages approximately $7.43 trillion in assets on behalf of investors worldwide. Based in the U.S., they manage assets for clients from all walks of life in North and South America, Europe, Asia, Australia, the Middle East, and Africa.
It is recognized by numerous organizations for its leadership in corporate social responsibility, sustainability, investment stewardship, transparency, and inclusion and diversity. Some highlights include being named as one of America’s Most JUST Companies for 2020 after ranking no. 1 in the Capital Markets industry and ranking first in the financial sector in the inaugural U.S. Transparency awards.
The Vanguard Group
Vanguard, one of the largest investment companies in the world, is headquartered in Pennsylvania. They offer a large selection of low-cost mutual funds, ETFs, advice, and related services. You can benefit from their expertise, stability, and reliable investment approach, whether you are an individual investor or a corporate or institutional investor representative.
Since its operations in 1975, it has gained more than 30 million investors in about 170 countries (as of January 31, 2020). It is managing about $6.2 trillion global assets with about 190 US funds and about 230 additional funds in markets outside the U.S.
In 2019, it was awarded the 2019 U.S. Morningstar Award for ‘Investing Excellence for Exemplary Stewardship’ at the Morningstar Investment Conference. This award recognizes the asset manager that has shown unwavering focus on serving the best interest of investors. The firm also won praise for a lowered investment cost through the expansion of its commission-free ETF platform.
With $832 billion invested assets, this Switzerland-based firm brands itself as the world’s largest and only truly global wealth manager. They are present in all major financial centers worldwide to provide financial advice and solutions to private, institutional, and corporate clients.
It offers management capabilities and expertise on wealth planning, investment management, capital markets, banking, lending, and institutional and corporate financial advice. With a presence in 22 countries, it values capital strength, efficiency and effectiveness, and risk management, which serve as the foundation for everything they do.
In 2016, UBS won the ‘Operational Risk 2016 Bank of the Year Award’ to recognize the firm’s commitment to improving its operational risk management disciplines. Euromoney, a leading financial markets magazine, has named UBS as the Best Global Bank for its efforts to create superior values for its clients, employees, and shareholders.
Money management firms play a crucial role in many of the financial transactions in the world’s economy. The goals of every firm are linked to the goals of its clients. Investors need to tap a team of wealth managers that they can trust to ensure monetary success.