The Aite-Novarica Group this month released the second iteration of the market watch report that the company first released in 2019 to identify, rank and analyze the world’s largest wealth management companies each year.
The researchers drew on public disclosures from companies and analyzed third-party research reports as well as existing knowledge and estimates to gain a better understanding of the 25 largest wealth management companies in the world.
To identify this year’s biggest companies, Aite-Novarica ranked them based on their clients’ assets, which she says typically refer to assets under discretionary and advisory management, as well as non-discretionary brokerage assets. and non-discretionary assets that are held in custody accounts only for private clients. It excluded self-managed brokerage assets.
In the gallery above, ThinkAdvisor has categorized wealth management companies by assets under management – client assets over which the bank has discretionary or advisory responsibility, and charges a management fee based on total assets under management. of the client, according to the research group.
In a discretionary relationship, according to the report, the company obtains a mandate from the client to manage assets according to a defined client requirement. Advisory assets include those for which the client has discretion over investment decisions, leveraging the firm’s advice to make those decisions.
View the gallery of the top 25 global wealth management companies ranked by assets under management, including client assets.