1. BlackRock

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AUM: $7.318 trillion

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.2

AUM: $6.1 trillion

Vanguard is known for its strategy of passive investing. This means that money is placed in mutual funds designed to mirror the activity of a specific index or the broader stock market.

Vanguard boasts of low expense ratios for most of its funds. Along with asset management, Vanguard offers brokerage services, financial planning, annuities, and other services.3

3. UBS Group

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AUM: $3.518 trillion

UBS Group has four divisions that operate around the world. The Switzerland-based firm describes itself as the “only truly global wealth manager.”UBS offers both wealth management and asset management services.4

4. Fidelity

AUM: $3.319 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.

Fidelity 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.

5. State Street Global Advisors

AUM: $3.054 trillion

Boston-based State Street is a 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.

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