20. Northern Trust | U.S. | $1.16 trillion (Photo: Shutterstock)
19. BNP Paribas | France | $1.21 trillion
18. Legal & General Investment Management | U.K. | $1.32 trillion
17. Deutsche Bank | Germany | $1.36 trillion (Photo: Shutterstock)
16. Credit Suisse | Switzerland | $1.44 trillion (Photo: Akos Stiller/Bloomberg)
15. Prudential Financial | U.S. | $1.46 trillion
14. Morgan Stanley | U.S. | $1.596 trillion (Photo: Bloomberg)
13. AXA Group | France | $1.597 trillion (as of 12/31/18)
12. Amundi (Credit Agricole division) | France | $1.598 trillion
11. Goldman Sachs Group | U.S. | $1.599 trillion| David Solomon, president and CEO of Goldman Sachs. (Photo: Bloomberg)

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10. Pimco (Allianz autonomous subsidiary) | U.S. | $1.76 trillion | Manny Roman, CEO of Pimco (Photo: David Paul Morris/Bloomberg)
9. Bank of New York Mellon | U.S. | $1.84 trillion
8. Capital Group | U.S. | $1.86 trillion
7. J.P. Morgan Asset Management | U.S. | $2.11 trillion (Photo: AP)
6. Allianz Group | Germany | $2.36 trillion (including assets of Pimco and AllianzGI)
5. Fidelity Investments | U.S. | $2.46 trillion
4. State Street Global Advisors | U.S. | $2.81 trillion
3. UBS | Switzerland | $3.26 trillion ($824 billion asset management; $2.4 trillion global wealth management) Sergio Ermotti, CEO of UBS. (Photo: Bloomberg)
2. Vanguard Group | U.S. | $5.6 trillion (Photo: Shutterstock)
1. BlackRock | U.S. | $6.52 trillion

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ADV Ratings has released its list of the world’s biggest asset managers in 2019. The top 20 firms on the list have combined assets under management of $44.9 trillion. Twelve of these asset managers are located in the U.S., three in France and two each in Switzerland and Germany. Other countries on the extended list include Canada, Italy, Japan and the Netherlands.

Have a look at this year’s global top 20 asset managers, with their assets under management as of March 31 (with exceptions noted).

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