What is Asset Management? and world top asset management firms

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Asset Management is a team within a financial firm that is dedicated to managing the assets (cash, investments etc.) of clients. The asset management firm has dedicated portfolio managers as well as access to internal, detailed equity research reports which should give it an edge over investors controlling their own money.
The Asset Management service is usually offered to high net-worth individuals, sovereign wealth funds, pensions and corporations. The firm will typically charge a management fee (a fixed percentage of total funds managed) and sometimes take a percentage of the profits although this blurs the line between an asset management fund and a hedge fund.
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Private Wealth Management work description on Resume

Hi, During my last internship (PWM) I did not do much of anything, but cold calling all day long. I'm trying to update my resume now, and I would like to get some feedback on what I have under the description of my last PMW internship. PWM Intern: * Conducted product, market, and client ...

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UBS Wealth Management to remain on top?

I was wondering how UBS ' problems in the subprime fiasco will hurt its Wealth Management Business. The investment bank has obviously seen major downsizing and the future strength of the Investment Bank doesn't look too hot. UBS has openly stated that they will focus on sustaining the crown jewel of their empire- Wealth Management. On the other hand, many reports have stated that high net-worth investors have become disgruntled with the bank as a whole and have pulled out tens of billions from their accounts. Will UBS remain the #1 Wealth Manager in the world for long? Reason I ask is a close contact has a FT offer in IBD at a BB, but has decided he wants to pursue PWM instead for the long-term (very outgoing guy). He has offers at UBS, Goldman Sachs, and JPMorgan all for wealth management. He was leaning towards UBS, but with the uncertainty it is tough to know what to expect. ...

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Hi, I am interested in a position in the NY office of a private client division of a major mutual fund company (Fidelity/Blackrock/Neuberger/PIMCO/MFS etc.) This is not a position in retail, I would handle customized portfolio management and some client services for HNW clients.

 

The following is a list of the top 10 AMCs in the world (as of 2015), ranked by total assets under management (AUM):[1]
Rank Firm/company Country AUM (US$bn)
1 BlackRock United States 5,689
2 The Vanguard Group United States 4,700[2]
3 UBS Switzerland 2,716
4 State Street Global Advisors United States 2,460
5 Fidelity Investments United States 2,025
6 Allianz Germany 1,949
7 J.P. Morgan Asset Management United States 1,760
8 BNY Mellon Investment Management United States 1,740
9 PIMCO United States 1,590
10 Crédit Agricole Group France 1,527

 

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