Top 10 Wealth Management Companies
Last updated on: January 23, 2025
In 2025, the wealth management industry is led by firms that excel in innovation, client-centric strategies, and financial expertise. Below is a list of the top 10 wealth management companies, showcasing key metrics such as Assets Under Management (AUM), number of employees, and revenue.
| Rank | Company Name | AUM (USD) | Number of Employees | Revenue (USD) |
|---|---|---|---|---|
| 1 | BlackRock | $11.6 trillion | Not publicly disclosed | $20 billion |
| 2 | Charles Schwab | $9.92 trillion | 35,300 | $5.2 billion (Q4 2024) |
| 3 | Vanguard Group | $9.3 trillion | 17,600 | Not publicly disclosed |
| 4 | UBS Global Wealth Management | $6.2 trillion | 11,000+ | Not publicly disclosed |
| 5 | Morgan Stanley Wealth Management | $6 trillion | 16,000+ | $19.1 billion |
| 6 | Fidelity Investments | $5.8 trillion | 50,000+ | Not publicly disclosed |
| 7 | State Street Global Advisors | $4.34 trillion | 2,500 | Not publicly disclosed |
| 8 | J.P. Morgan Private Bank | $3.9 trillion | Not publicly disclosed | Not publicly disclosed |
| 9 | Goldman Sachs Private Wealth | $2.85 trillion | Not publicly disclosed | Not publicly disclosed |
| 10 | BNY Mellon Wealth Management | $2.02 trillion | 48,500 | Not publicly disclosed |
1. BlackRock
- AUM: Approximately $11.6 trillion
- Revenue: Surpassed $20 billion in 2024
- Overview: BlackRock is the world’s largest asset manager, offering products like iShares ETFs and the Aladdin platform for risk management.
- Source: Financial Times
2. Charles Schwab
- AUM: Approximately $9.92 trillion
- Number of Employees: Approximately 35,300
- Revenue: $5.2 billion in Q4 2024
- Overview: Schwab is a leader in tech-driven solutions and investor education, offering comprehensive wealth management services.
- Source: Barron’s
3. Vanguard Group
- AUM: Approximately $9.3 trillion
- Number of Employees: Approximately 17,600
- Overview: Vanguard is renowned for its low-cost funds and ETFs, emphasizing investor education and long-term strategies.
- Source: Investing in the Web
4. UBS Global Wealth Management
- AUM: Approximately $6.2 trillion
- Number of Employees: Over 11,000 financial advisors
- Overview: UBS is the largest wealth management provider globally, offering tailored advice and investment services to high-net-worth individuals worldwide.
- Source: Investing in the Web
5. Morgan Stanley Wealth Management
- AUM: Approximately $6 trillion
- Number of Employees: Over 16,000 financial advisors
- Overview: Morgan Stanley provides comprehensive financial services, including investment management and wealth planning, catering to clients globally.
- Source: Adv Ratings
6. Fidelity Investments
- AUM: Approximately $5.8 trillion
- Number of Employees: Over 50,000
- Overview: Fidelity provides a wide range of financial services, including brokerage, retirement planning, and wealth management.
- Source: Investing in the Web
7. State Street Global Advisors
- AUM: Approximately $4.34 trillion
- Number of Employees: Approximately 2,500
- Overview: State Street serves institutional clients with expertise in asset servicing and global market insights.
- Source: Adv Ratings
8. J.P. Morgan Private Bank
- AUM: Approximately $3.9 trillion
- Overview: J.P. Morgan focuses on ultra-high-net-worth individuals, offering estate planning and investment solutions.
- Source: Investing in the Web
9. Goldman Sachs Private Wealth Management
- AUM: Approximately $2.85 trillion
- Overview: Goldman Sachs provides bespoke wealth management solutions, focusing on alternative investments and global markets.
- Source: Adv Ratings
10. BNY Mellon Wealth Management
- AUM: Approximately $2.02 trillion
- Number of Employees: Approximately 48,500
- Overview: BNY Mellon delivers global investment management and estate planning services.
- Source: Adv Ratings
These firms exemplify resilience and adaptability, maintaining their leadership through innovative strategies and exceptional client service.
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