For those of us who have been favored by good fortune (notated by a few extra zeroes in their bank account), wealth management offers a personalized approach to growing, preserving and eventually passing on assets. Typically reserved for high-net-worth individuals, this trillion-dollar industry provides expert guidance on everything from investing and tax planning to estate management and even philanthropy.
Below is a list of some of the largest wealth management companies worldwide, ranked by client assets under management based on the most recent figures from 2025.
Top Wealth Management Companies to Know
- Vanguard Group
- Fidelity Investments
- Morgan Stanley Wealth Management
- UBS Global Wealth Management
- Goldman Sachs Private Wealth Management
- State Street Investment Managers
- BNY Mellon Wealth Management
- Capital Group
Top Wealth Management Companies
Vanguard is a client-owned investment management firm that specializes in low-cost, long-term index funds. It is widely recognized as a pioneer of passive investing strategies. With $10 trillion in assets under management, the Pennsylvania-based company provides mutual funds, ETFs, brokerage and retirement services, as well as portfolio management. Vanguard introduced the first index mutual fund for individual investors in 1976, creating a low barrier to entry for broad market exposure.
Fidelity is a diversified financial services company offering investment management, retirement planning, brokerage and wealth advisory services. Managing $5.9 trillion in assets, the company supports a broad range of investors — from individual retail clients to institutions and workplace retirement plans — built around technology-driven platforms and personalized advice. Fidelity is also one of the largest 401(k) plan providers in the U.S., overseeing tens of thousands of workplace retirement plans to more than 24 million participants.
Morgan Stanley Wealth Management’s network of 15,000 financial advisors deliver tailor-made strategies for equities, fixed income, banking, lending, insurance and estate planning. With total client assets exceeding $6 trillion, the New York-based firm expanded significantly in 2009 with its acquisition of Smith Barney, forming one of the world’s largest wealth advisory platforms. Its wealth management division now accounts for more than half of Morgan Stanley’s overall revenue.
UBS Global Wealth Management’s client base consists of some of the most affluent individuals across 50 countries. Managing upwards of $6 trillion in assets, the Switzerland-based firm has been in operation for more than 160 years, providing services like discretionary and advisory investment management, succession planning, philanthropic guidance and sustainable investing strategies. UBS employs more than 5,8000 wealth advisors, with a particularly strong foothold in Europe and Asia.
Goldman Sachs Private Wealth Management caters to ultra-high-net-worth clients with customized investment portfolios, strategic asset allocation and access to alternative investments. This division manages an estimated $1.6 trillion in assets, drawing on the firm’s global resources and deep research to help clients preserve and grow their wealth. It also offers access to exclusive opportunities — like private equity, hedge funds and pre-IPO investments — that aren’t usually available to everyday investors.
Allianz Global Investors, together with its U.S. affiliate PIMCO, manages approximately $2.5 trillion in assets globally across fixed income, equities, alternatives and multi-asset strategies for a mix of institutional and high-net-worth clients. Headquartered in California, PIMCO is widely recognized for its active bond fund and world-class ETF management. Its parent company, Allianz SE, ranks among Europe’s top financial firms, managing hundreds of billions in insurance assets while prioritizing sustainable investing practices. Together, PIMCO and Allianz operate from 24 offices across the Americas, Europe and Asia.
BNP Paribas Wealth Management offers estate planning, credit structuring, discretionary portfolio management and impact investing to high-net-worth individuals, families and entrepreneurs. Founded in 1822, the Parisian company oversees $490 billion in client assets, and maintains a significant presence in Europe, the Middle East and Asia.
Charles Schwab Wealth Management offers investment advisory, planning and brokerage services to retail and high-net-worth clients. Headquartered from a 70-acre campus in Texas, Schwab’s broader financial platform provides self-directed trading, robo-advisors and custodial tools in addition to personalized advisory services, positioning the firm as a one-stop financial hub. As of 2025, Schwab’s total assets across all divisions exceed $9.89 trillion, following its acquisition of TD Ameritrade.
Swiss private banking group Julius Bär provides wealth management for private clients, with more than $460 billion in assets under management. Founded in 1890 as a family business, the firm offers holistic, personalized financial guidance included in its advisory and discretionary portfolio services, succession planning, family office solutions and lending. Headquartered in Zurich, Julius Bär operates 60 locations across 25 countries, including major financial hubs like London, Singapore, Hong Kong and Dubai.
Citigroup Wealth Management delivers investment advisory, portfolio construction, lending and retirement planning customized to high-net-worth individuals and institutions. Managing $595 billion in client assets, this division uses Citi’s global reach and market expertise to provide access to everything from capital markets insights to custom credit solutions. According to the company’s website, its private bank unit has a minimum entry level of $10 million.
Amplify Platform is a unified, cloud-based multi-custodial solution designed to modernize and streamline operations for financial advisors by automating onboarding, trading, surveillance and other tasks. Founded and headquartered in Scottsdale, Arizona, the company is currently hiring for a variety of roles.
Amundi, part of Crédit Agricole Group, manages close to $2.4 trillion in assets — making it the largest group of its kind in Europe. The Paris-based firm offers a wide range of investment services tailored to retail, institutional and sovereign accounts for its 100 million clients, with strengths in ESG strategies and global diversification. Amundi operates in more than 35 countries and maintains a strong presence across European and Asian markets.
Northern Trust provides wealth management, asset servicing and fiduciary solutions to 30 percent of the wealthiest Americans, according to the company, managing more than $1.3 trillion in assets. For context, Northern Trust’s average client has around $1 billion in assets. Founded in 1889, the Chicago-based firm specializes in serving ultra-high-net-worth clients through goals-based planning, customized investment portfolios and trust and estate services across its 20 global locations.
Capital Group specializes in private investment management, working across mutual funds and separately managed accounts. With more than 9,000 financial advisors, the firm is best known for its American Funds family, a group of research-driven mutual funds that take a long-term approach. Managing more than $2.8 trillion in assets, Capital Group’s portfolio managers typically invest their own money alongside clients, truly ‘putting their money where their mouth is.’
Edward Jones offers personalized financial advice and wealth management services through a nationwide network of 20,000 advisors across the United States and Canada. Based in Missouri, the 100-year-old firm manages over $2.2 trillion in assets for more than nine million clients, focusing on long-term investment strategies tailored to individual investors and small business owners. Edward Jones is a partnership, meaning it is owned by its current and former employees rather than shareholders.
State Street Investment Management (formerly State Street Global Advisors) is a global leader in investment strategies, spanning equities, fixed income and alternatives. The firm, which manages approximately $4.7 trillion in assets, is especially known for its SPDR ETF lineup, including the iconic SPDR S&P 500 ETF Trust (SPY) — one of the most actively traded ETFs worldwide. State Street made history in 1993 by launching the first U.S.-listed ETF, kicking off a new era of accessible, index-based investing.
BNY Mellon Wealth Management oversees about $2 trillion in assets, blending modern digital tools with one-on-one advisor support to help clients pass wealth between generations. Its parent company, The Bank of New York Mellon, formed from the merger of two historic banks — one founded in 1784 by Alexander Hamilton — and has since grown into a global financial services leader. Today, BNY helps more than 90 percent of Fortune 100 companies and nearly all top banks worldwide manage their money, and ranks 113th on the Fortune 500.
Frequently Asked Questions
What does a wealth management company do?
A wealth management company helps people handle their money by offering advice on investments, taxes and planning for the future, including estate and retirement management. Looking out for their clients’ overall financial wellness, they often create custom strategies tailored to an individual’s (or a company or institution) needs that aim to grow and preserve their wealth over time.
Who should use a wealth management company?
Likely candidates for wealth management services are people and organizations with substantial assets — perhaps those in the millions — who want an expert to step in to help grow, protect and manage their wealth.
How is wealth management different from financial planning?
Wealth management takes care of your whole financial picture over time, while financial planning is a term that’s used in reference to specific goals, like saving for retirement or creating a budget.
Are wealth management firms fiduciaries?
Some are, some aren’t. Many wealth management firms act as fiduciaries, meaning they’re legally obligated to put their clients’ best interests first.
