20. BNP Paribas | France | $1.221 trillion
19. Legal & General Investment Management | U.K. | $1.232 trillion (Photo: AP)
18. Northern Trust | U.S. | $1.258 trillion
17. Deutsche Bank | Germany | $1.368 trillion
16. Franklin Resources (operating as Franklin Templeton Investments) | U.S. | $1.394 trillion (including $797 billion from purchase of Legg Mason, closed July 2020)
15. Credit Suisse | Switzerland | $1.521 trillion
14. Prudential Financial | U.S. | $1.605 trillion
13. Capital Group | U.S. | $1.7 trillion (Photo: AP)
12. Amundi (division of Credit Agricole Group) | France | $1.791 trillion (as of July 30)
11. Morgan Stanley | U.S. | $1.901 trillion

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10. Pimco (autonomous subsidiary of Allianz) | U.S. | $1.92 trillion
9. Bank of New York Mellon | U.S. | $1.961 trillion
8. Goldman Sachs | U.S. | $2.057 trillion
7. JPMorgan | U.S. | $2.511 trillion (Photo: AP)
6. Allianz Group | Germany | $2.53 trillion (including AUM of PIMCO and Allianz Global Investors)
5. State Street Global Advisors | U.S. $3.054 trillion (Photo: AP)
4. Fidelity Investments | U.S. | $3.319 trillion
3. UBS Group | Switzerland $3.518 trillion ($928 billion asset management + $2.59 trillion global wealth management) (Photo: AP)
2. Vanguard Group | U.S. | $6.3 trillion (as of July 31)
1. BlackRock | U.S. | $7.318 trillion (Photo: AP)

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(Related: World’s Top 20 Biggest Asset Managers: 2019)

The world’s 20 largest asset managers have combined assets under management of $49.1 trillion, according to the latest ranking by ADV Ratings. Thirteen firms on this elite list of global asset managers are located in the U.S., two each are in Switzerland, France and Germany, and one is in the U.K. Other countries represented on the extended list of 55 firms are Italy, Japan and the Netherlands.

See the gallery for this year’s global top 20 asset managers, with their assets under management as of June 30 (unless otherwise noted).

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