Largest Investment Advisers by AUM
Ranked by total assets under management reported in Form ADV filings.
| # | Firm | Location | Total AUM | Discretionary | Employees |
|---|---|---|---|---|---|
| 1 | VISTA FINANCIAL ADVISORS, LLC CRD #316306 | NEW YORK, NY | $11.5T | $11.5T | 2 |
| 2 | THE VANGUARD GROUP, INC. CRD #105958 | MALVERN, PA | $10.2T | $10.2T | 651 |
| 3 | FIDELITY MANAGEMENT & RESEARCH COMPANY LLC CRD #108281 | BOSTON, MA | $4.7T | $4.7T | 1,355 |
| 4 | CAPITAL RESEARCH AND MANAGEMENT COMPANY CRD #110885 | LOS ANGELES, CA | $3.8T | $3.8T | 1,417 |
| 5 | BLACKROCK FUND ADVISORS CRD #105247 | SAN FRANCISCO, CA | $3.5T | $3.5T | 126 |
| 6 | PACIFIC INVESTMENT MANAGEMENT COMPANY LLC CRD #104559 | NEWPORT BEACH, CA | $3T | $3T | 2,063 |
| 7 | J.P. MORGAN INVESTMENT MANAGEMENT INC. CRD #107038 | NEW YORK, NY | $3T | $3T | 3,186 |
| 8 | GOLDMAN SACHS ASSET MANAGEMENT, L.P. CRD #107738 | NEW YORK, NY | $2.1T | $2T | 1,451 |
| 9 | T. ROWE PRICE ASSOCIATES, INC. CRD #105496 | BALTIMORE, MD | $1.9T | $1.9T | 3,947 |
| 10 | MORGAN STANLEY SMITH BARNEY LLC CRD #149777 | PURCHASE, NY | $1.7T | $1.2T | 29,200 |
| 11 | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED CRD #7691 | NEW YORK, NY | $1.5T | $388.4B | 33,689 |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT, INC CRD #106753 | LONE TREE, CO | $1.4T | $1.4T | 877 |
| 13 | GEODE CAPITAL MANAGEMENT, LLC CRD #115504 | BOSTON, MA | $1.4T | $1.4T | 173 |
| 14 | BLACKROCK FINANCIAL MANAGEMENT, INC CRD #107105 | NEW YORK, NY | $1.3T | $1.3T | 7,410 |
| 15 | WELLINGTON MANAGEMENT COMPANY LLP CRD #106595 | BOSTON, MA | $1.3T | $1.2T | 1,869 |
| 16 | SSGA FUNDS MANAGEMENT, INC. CRD #111242 | BOSTON, MA | $1.2T | $1.2T | 238 |
| 17 | NORTHERN TRUST INVESTMENTS, INCORPORATED CRD #105780 | CHICAGO, IL | $1.1T | $1.1T | 674 |
| 18 | CAPFINANCIAL PARTNERS, LLC CRD #175112 | RALEIGH, NC | $1.1T | $237.3B | 1,723 |
| 19 | STRATEGIC ADVISERS LLC CRD #104555 | BOSTON, MA | $1.1T | $1T | 16,291 |
| 20 | PGIM, INC. CRD #105676 | NEWARK, NJ | $1T | $1T | 1,750 |
| 21 | BLACKROCK ADVISORS, LLC CRD #106614 | NEW YORK, NY | $959B | $959B | 148 |
| 22 | FMR CO., INC. CRD #108617 | BOSTON, MA | $918.9B | $918.9B | 1,120 |
| 23 | FIDELITY INVESTMENTS MONEY MANAGEMENT, INC. CRD #108252 | BOSTON, MA | $868.5B | $868.5B | 179 |
| 24 | DIMENSIONAL FUND ADVISORS LP CRD #106482 | AUSTIN, TX | $835.7B | $835.7B | 1,135 |
| 25 | MANAGED ACCOUNT ADVISORS LLC CRD #142558 | JERSEY CITY, NJ | $829.7B | $829.7B | 61 |
| 26 | EDWARD D. JONES & CO., L.P. CRD #250 | ST. LOUIS, MO | $825B | $342.6B | 29,003 |
| 27 | FIDELITY PERSONAL AND WORKPLACE ADVISORS LLC CRD #288590 | BOSTON, MA | $818.8B | $818.8B | 15,424 |
| 28 | UBS FINANCIAL SERVICES INC. CRD #8174 | WEEHAWKEN, NJ | $808.8B | $356.7B | 12,629 |
| 29 | MELLON INVESTMENTS CORPORATION CRD #105764 | PITTSBURGH, PA | $763.7B | $763.7B | 155 |
| 30 | INVESCO ADVISERS, INC. CRD #105360 | ATLANTA, GA | $756.9B | $744.3B | 2,872 |
| 31 | INVESCO CAPITAL MANAGEMENT LLC CRD #125601 | DOWNERS GROVE, IL | $740.5B | $420.9B | 232 |
| 32 | ALLIANCEBERNSTEIN L.P. CRD #108477 | NASHVILLE, TN | $709.2B | $692.4B | 3,994 |
| 33 | MORGAN STANLEY INVESTMENT MANAGEMENT INC. CRD #110353 | NEW YORK, NY | $619.2B | $615.9B | 523 |
| 34 | LPL FINANCIAL LLC CRD #6413 | FORT MILL, SC | $618.9B | $618.3B | 37,893 |
| 35 | WELLS FARGO CLEARING SERVICES, LLC CRD #19616 | ST. LOUIS, MO | $606B | $425.4B | 19,017 |
| 36 | APOLLO CAPITAL MANAGEMENT, L.P. CRD #143161 | NEW YORK, NY | $583.1B | $567.7B | 3,126 |
| 37 | PARAMETRIC PORTFOLIO ASSOCIATES LLC CRD #114310 | SEATTLE, WA | $574B | $534.5B | 1,006 |
| 38 | MILLENNIUM MANAGEMENT LLC CRD #158117 | NEW YORK, NY | $571.1B | $571.1B | 6,140 |
| 39 | AMERIPRISE FINANCIAL SERVICES, LLC CRD #6363 | MINNEAPOLIS, MN | $564.6B | $294.9B | 14,000 |
| 40 | FEDERATED INVESTMENT MANAGEMENT COMPANY CRD #105138 | PITTSBURGH, PA | $542.4B | $542.4B | 106 |
| 41 | UBS ASSET MANAGEMENT (AMERICAS) LLC CRD #106838 | NEW YORK, NY | $542.2B | $522.1B | 792 |
| 42 | ENVESTNET ASSET MANAGEMENT, INC. CRD #111694 | CHICAGO, IL | $532.2B | $532.2B | 394 |
| 43 | NOMURA ASSET MANAGEMENT CO., LTD. CRD #110814 | TOKYO | $514.3B | $507.4B | 930 |
| 44 | FRANKLIN ADVISERS, INC. CRD #104517 | SAN MATEO, CA | $509.5B | $506.5B | 384 |
| 45 | METLIFE INVESTMENT MANAGEMENT, LLC CRD #142463 | WHIPPANY, NJ | $508.9B | $506.4B | 960 |
| 46 | BLACKROCK INVESTMENT MANAGEMENT, LLC CRD #108928 | PRINCETON, NJ | $508.2B | $375.9B | 1,457 |
| 47 | VANGUARD GLOBAL ADVISERS, LLC CRD #164593 | MALVERN, PA | $491.4B | $491.4B | 192 |
| 48 | VANGUARD ASSET MANAGEMENT, LIMITED CRD #282598 | LONDON | $483B | $483B | 960 |
| 49 | MASSACHUSETTS FINANCIAL SERVICES COMPANY CRD #110045 | BOSTON, MA | $473B | $445.9B | 1,271 |
| 50 | COLUMBIA MANAGEMENT INVESTMENT ADVISERS, LLC CRD #108257 | BOSTON, MA | $457.5B | $456.6B | 910 |
| 51 | ALLSPRING GLOBAL INVESTMENTS, LLC CRD #104973 | CHARLOTTE, NC | $457.5B | $457.2B | 976 |
| 52 | ASSET MANAGEMENT ONE CO., LTD. CRD #110843 | TOKYO | $450.6B | $450.6B | 927 |
| 53 | CITADEL ADVISORS LLC CRD #148826 | MIAMI, FL | $446B | $446B | 3,153 |
| 54 | GOLDMAN SACHS ASSET MANAGEMENT INTERNATIONAL CRD #107715 | LONDON | $440.2B | $440.2B | 409 |
| 55 | RAYMOND JAMES & ASSOCIATES, INC. CRD #705 | ST. PETERSBURG, FL | $433.8B | $327.8B | 13,966 |
| 56 | STATE STREET GLOBAL ADVISORS LIMITED CRD #112861 | LONDON | $423.9B | $423.9B | 261 |
| 57 | TEACHERS ADVISORS, LLC CRD #107157 | NEW YORK, NY | $403B | $403B | 374 |
| 58 | U.S. BANCORP ASSET MANAGEMENT, INC. CRD #111912 | MINNEAPOLIS, MN | $402.8B | $402.1B | 318 |
| 59 | M&G INVESTMENT MANAGEMENT LTD. CRD #114527 | LONDON, ENGLAND | $400.4B | $396.8B | 1,588 |
| 60 | DODGE & COX CRD #104596 | SAN FRANCISCO, CA | $400.3B | $399.1B | 326 |
| 61 | JPMORGAN ASSET MANAGEMENT (UK) LIMITED CRD #135960 | LONDON | $386B | $384.7B | 1,427 |
| 62 | STATE STREET GLOBAL ADVISORS EUROPE LIMITED CRD #172361 | DUBLIN | $385.7B | $385.7B | 240 |
| 63 | MITSUBISHI UFJ TRUST AND BANKING CORPORATION CRD #296868 | TOKYO | $384B | $384B | 6,300 |
| 64 | J.P. MORGAN PRIVATE INVESTMENTS INC. CRD #110186 | NEW YORK, NY | $375.6B | $322.7B | 714 |
| 65 | BNY MELLON INVESTMENT ADVISER, INC. CRD #105642 | NEW YORK, NY | $365.4B | $365.4B | 80 |
| 66 | PRINCIPAL GLOBAL INVESTORS, LLC CRD #109002 | DES MOINES, IA | $364B | $355.6B | 1,350 |
| 67 | NEUBERGER BERMAN INVESTMENT ADVISERS LLC CRD #124687 | NEW YORK, NY | $362.7B | $355.4B | 1,668 |
| 68 | ARES MANAGEMENT LLC CRD #130074 | LOS ANGELES, CA | $359.1B | $340.3B | 2,996 |
| 69 | J.P. MORGAN SECURITIES LLC CRD #79 | NEW YORK, NY | $352.6B | $289.3B | 8,327 |
| 70 | KOHLBERG KRAVIS ROBERTS & CO. L.P. CRD #144533 | NEW YORK, NY | $352B | $352B | 2,135 |
| 71 | LOOMIS, SAYLES & COMPANY, L.P. CRD #105377 | BOSTON, MA | $350.9B | $321.1B | 729 |
| 72 | BARINGS LLC CRD #106006 | CHARLOTTE, NC | $345.2B | $333B | 1,056 |
| 73 | RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC CRD #149018 | SAINT PETERSBURG, FL | $344.9B | $148.4B | 6,727 |
| 74 | ROBERT W. BAIRD & CO. INCORPORATED CRD #8158 | MILWAUKEE, WI | $342.1B | $250.3B | 4,175 |
| 75 | PGIM INVESTMENTS LLC CRD #105670 | NEWARK, NJ | $322.1B | $322.1B | 490 |
| 76 | ALLSPRING FUNDS MANAGEMENT, LLC CRD #110841 | CHARLOTTE, NC | $318B | $318B | 519 |
| 77 | NISA INVESTMENT ADVISORS, LLC CRD #107313 | ST. LOUIS, MO | $315.3B | $309B | 393 |
| 78 | CAMBRIDGE ASSOCIATES, LLC CRD #104942 | BOSTON, MA | $313.5B | $101.1B | 1,087 |
| 79 | NYL INVESTORS LLC CRD #169553 | NEW YORK, NY | $312.2B | $311.3B | 304 |
| 80 | ROGERSCASEY, INC. CRD #111774 | DARIEN, CT | $309B | $9.6B | 51 |
| 81 | VANGUARD ADVISERS, INC. CRD #106715 | MALVERN, PA | $300.4B | $107.7B | 2,225 |
| 82 | EUROPA INVESTMENT BANK INC. CRD #159917 | NEW YORK, NY | $300B | $0 | 34 |
| 83 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC CRD #307865 | MILWAUKEE, WI | $300B | $300B | 229 |
| 84 | FISHER ASSET MANAGEMENT, LLC CRD #107342 | PLANO, TX | $298.7B | $298.7B | 4,065 |
| 85 | FINANCIAL ENGINES ADVISORS L.L.C. CRD #104510 | SANTA CLARA, CA | $292.9B | $292.9B | 1,616 |
| 86 | PICTET ASSET MANAGEMENT SA CRD #140074 | GENEVA | $276.7B | $276.6B | 553 |
| 87 | DIMENSIONAL FUND ADVISORS LTD CRD #107472 | LONDON | $276.1B | $276.1B | 150 |
| 88 | CARLYLE INVESTMENT MANAGEMENT L.L.C. CRD #111128 | WASHINGTON, DC | $275.9B | $201.4B | 1,028 |
| 89 | JANUS HENDERSON INVESTORS US LLC CRD #104652 | DENVER, CO | $274.7B | $274.6B | 1,010 |
| 90 | DFA AUSTRALIA LIMITED CRD #107621 | SYDNEY | $273.9B | $273.9B | 119 |
| 91 | TIAA-CREF INVESTMENT MANAGEMENT LLC CRD #107168 | NEW YORK, NY | $271.4B | $271.4B | 374 |
| 92 | FIAM LLC CRD #133196 | SMITHFIELD, RI | $270.7B | $270.7B | 192 |
| 93 | LORD, ABBETT & CO. LLC CRD #110391 | JERSEY CITY, NJ | $270.4B | $270.1B | 821 |
| 94 | AMERICAN CENTURY INVESTMENT MANAGEMENT INC CRD #105778 | KANSAS CITY, MO | $268.5B | $268.3B | 225 |
| 95 | BALYASNY ASSET MANAGEMENT L.P. CRD #138111 | CHICAGO, IL | $265.2B | $265.2B | 2,063 |
| 96 | RBC CAPITAL MARKETS, LLC CRD #31194 | NEW YORK, NY | $260B | $196.9B | 8,476 |
| 97 | NUVEEN ASSET MANAGEMENT, LLC CRD #155584 | CHICAGO, IL | $259.9B | $259.9B | 373 |
| 98 | JACKSON NATIONAL ASSET MANAGEMENT, LLC CRD #111079 | LANSING, MI | $257B | $257B | 160 |
| 99 | FIRST TRUST ADVISORS LP CRD #107027 | WHEATON, IL | $256.3B | $189.9B | 520 |
| 100 | VOYA INVESTMENT MANAGEMENT CO. LLC CRD #106494 | NEW YORK, NY | $253.8B | $253.1B | 880 |