Asset management companies in the U.S. play a crucial role in managing investments for individuals and institutions. They create tailored strategies ranging from stocks and bonds to alternative investments, helping clients to achieve financial goals. The industry is evolving with increasing focus on sustainable investments and innovative financial technology, which enhances decision-making and client engagement. Many firms now integrate ESG frameworks into their strategies, reflecting growing investor awareness of social responsibility. The landscape is competitive, with both established players and new entrants continually adapting to market changes and client needs, making asset management a dynamic field.

This list highlights 16 prominent asset management firms in the U.S., many headquartered in financial hubs like Boston and New York. These companies range in size, from firms with thousands of employees to those with a more compact workforce. Founded between 1903 and 2018, they specialize in various sectors, including wealth management, sustainable investing, and fixed income. Each firm’s dedication to client-focused solutions signifies their importance in navigating today’s challenging financial landscape.

Continue reading to discover the top asset management companies in the U.S.

Top 16 Asset Management Companies in the US

1. State Street Global Advisors

• Website: ssga.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 37%, India 34%, United Kingdom (UK) 10%, Other 19%
• Founded year: 1978
• Headcount: 1001-5000
• LinkedIn: state-street-global-advisors

State Street Global Advisors (SSGA), founded in 1978 and based in Boston, Massachusetts, operates as the investment management arm of State Street Corporation. The firm is dedicated to creating and managing investment strategies for a wide array of clients, including governments, corporations, and non-profit organizations. With a workforce of over 2,300 professionals, SSGA emphasizes achieving optimal investment outcomes for its clients. The firm is recognized for its pioneering role in the ETF market, having launched the first U.S. ETF and continuing to innovate in this space. SSGA's extensive product offerings include various investment strategies, such as smart beta and fixed income, catering to both institutional and individual investors. Their global reach, with significant operations in the U.S., India, and the U.K., further enhances their capability to serve clients worldwide.

2. Wellington Management

• Website: wellington.com
• Ownership type: Private
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 70%, United Kingdom (UK) 16%, Hong Kong S.A.R 4%, Other 10%
• Founded year: 1933
• Headcount: 1001-5000
• LinkedIn: wellington-management

Wellington Management Company, based in Boston, Massachusetts, is an investment management firm that has been active since 1933. The firm provides a wide array of investment solutions, including equity, fixed income, alternatives, and private investing, to over 2,200 institutional clients worldwide. With approximately 3,600 employees, Wellington emphasizes a collaborative culture that leverages intellectual capital across its teams. The firm is particularly noted for its commitment to sustainable investing, integrating environmental, social, and governance (ESG) factors into its investment strategies. Wellington's client base includes pension funds, endowments, foundations, and other institutional investors, reflecting its broad reach and expertise in the asset management industry. The firm operates offices in key financial centers, including the United States, the United Kingdom, Hong Kong, and Singapore, allowing it to provide local insights alongside global expertise.

3. Pgim

• Website: pgim.com
• Ownership type: Private
• Headquarters: Newark, New Jersey, United States (USA)
• Employee distribution: United States (USA) 72%, United Kingdom (UK) 13%, Taiwan 3%, Other 12%
• Founded year: 1987
• Headcount: 1001-5000
• LinkedIn: pgim

PGIM, Inc., based in Newark, New Jersey, is an asset management firm that specializes in investment management and advisory services. Founded in 1987, PGIM manages a wide array of assets for both retail and institutional clients, focusing on helping them achieve their financial objectives. The firm operates globally, with a strong presence in the United States, the United Kingdom, and other regions. PGIM's investment strategies cover fixed income, equity, real estate, and alternative investments, showcasing their comprehensive approach to asset management. They are also recognized for their commitment to thought leadership, providing insights and research to inform investment decisions. With a workforce of nearly 3,000 employees, PGIM is part of Prudential Financial, Inc., and has established itself as a trusted partner for many of the world's largest pension funds and institutional investors.

4. Cambridge Associates

• Website: cambridgeassociates.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 81%, United Kingdom (UK) 11%, Singapore 4%, Other 4%
• Latest funding: May 2018
• Founded year: 1973
• Headcount: 1001-5000
• LinkedIn: cambridge-associates

Cambridge Associates LLC is an investment management firm based in Boston, Massachusetts, established in 1973. The company specializes in portfolio management and advisory services tailored to institutional investors, private clients, and family offices. With a workforce of approximately 1,855 employees, Cambridge Associates operates globally, with a significant presence in the United States, the United Kingdom, and Singapore. The firm is known for its custom investment portfolios that span various asset classes, including private equity, venture capital, hedge funds, and public equities. Their approach is characterized by a commitment to delivering investment outperformance and a personalized client experience. Cambridge Associates also emphasizes sustainable and impact investing, reflecting a growing trend among investors seeking to align their financial goals with social and environmental considerations. The firm has not reported any recent funding, indicating a stable operational model built on its long-standing expertise and client relationships.

5. American Funds

• Website: americanfunds.com
• Ownership type: Private
• Headquarters: Los Angeles, California, United States (USA)
• Founded year: 1931
• Headcount: 5001-10000
• LinkedIn: american-funds

American Funds, a division of Capital Group, is an investment management firm based in Los Angeles, California. Founded in 1931, the company has built a strong reputation for its commitment to helping clients achieve their financial objectives. American Funds offers a range of financial services, including investment management, wealth planning, and retirement solutions. They cater to individual investors, financial professionals, and institutions, providing customized investment strategies that align with clients' specific needs. The firm is particularly known for its mutual funds, which have been instrumental in helping millions of investors worldwide pursue their financial goals. American Funds operates under the broader umbrella of Capital Group, which is recognized for its extensive experience and research-driven approach to investment management.

6. Capital Group

• Website: capitalgroup.com
• Ownership type: Private
• Headquarters: Los Angeles, California, United States (USA)
• Employee distribution: United States (USA) 83%, United Kingdom (UK) 8%, Singapore 2%, Other 7%
• Founded year: 1931
• Headcount: 5001-10000
• LinkedIn: capital-group

Capital Group, founded in 1931 and headquartered in Los Angeles, California, is a prominent investment management firm. It specializes in providing a wide array of financial services, including mutual funds, private equity, and investment advisory services. The firm caters to individual investors, high net worth clients, and institutional organizations, helping them achieve their financial objectives through customized investment strategies. With a workforce of over 10,000 employees, Capital Group has a significant presence in the asset management industry. The firm is recognized for its commitment to long-term investment success and has built a reputation for expertise in managing assets effectively. Its global reach includes operations in the United States, the United Kingdom, and Singapore, among other locations, allowing it to serve clients worldwide. Capital Group is also known for its innovative approach to investment management, including its proprietary multi-manager structure, which aims to align investment decisions with long-term goals.

7. PineBridge Investments

• Website: pinebridge.com
• Ownership type: Private
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 42%, India 14%, United Kingdom (UK) 12%, Other 32%
• Latest funding: Crowdfunding, April 2013
• Founded year: 2009
• Headcount: 501-1000
• LinkedIn: pinebridge-investments

PineBridge Investments is a private asset management firm based in New York, specializing in active, high-conviction investing. Established in 2009, the company has grown to manage approximately $169.7 billion in assets across various asset classes, including equities, fixed income, multi-asset strategies, and alternatives. PineBridge caters to a sophisticated clientele, including pension plans, insurance companies, and official institutions. The firm prides itself on its collaborative culture, which encourages the sharing of insights among its investment professionals located in 24 offices worldwide. This structure allows PineBridge to respond effectively to market changes and client needs. Their investment strategies are designed to seek superior outcomes, focusing on identifying exceptional opportunities before market fundamentals align. PineBridge is majority-owned by Pacific Century Group, ensuring that asset management remains their sole focus, aligning their interests with those of their clients.

8. Pimco

• Website: pimco.com
• Ownership type: Private
• Headquarters: Newport Beach, California, United States (USA)
• Employee distribution: United States (USA) 66%, United Kingdom (UK) 15%, Ireland 3%, Other 15%
• Founded year: 1971
• Headcount: 1001-5000
• LinkedIn: pimco

Pacific Investment Management Company LLC (PIMCO) is an investment management firm based in Newport Beach, California. Established in 1971, Pimco has carved out a niche in the investment world, primarily focusing on fixed income investments. The firm offers a wide array of financial products, including mutual funds, exchange-traded funds (ETFs), interval funds, and closed-end funds. Pimco's investment strategies are designed to generate income while effectively managing risk, particularly in volatile market conditions. The firm serves a broad clientele, including institutional investors and individual clients, and is known for its insightful economic and market commentary. With a workforce of over 4,200 employees, Pimco operates globally, with significant presence in the United States, the United Kingdom, and Asia. The firm is registered with the U.S. Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority, underscoring its commitment to regulatory compliance and investor protection.

9. Wilmington Trust

• Website: wilmingtontrust.com
• Ownership type: Corporate
• Headquarters: Wilmington, Delaware, United States (USA)
• Employee distribution: United States (USA) 92%, United Kingdom (UK) 5%, Ireland 3%
• Latest funding: December 2022
• Founded year: 1903
• Headcount: 1001-5000
• LinkedIn: wilmington-trust

Wilmington Trust, founded in 1903 and based in Wilmington, Delaware, is a financial services company that specializes in wealth management, investment management, and corporate trust services. The firm caters to a wide range of clients, including families, businesses, and institutional investors, providing customized solutions to meet complex financial needs. Wilmington Trust operates with a strong emphasis on fiduciary duties, ensuring that client interests are prioritized in all dealings. The company offers a variety of services, including trust and estate planning, investment management, and corporate trust services, which are essential components of asset management. With a workforce of over 2,000 employees, Wilmington Trust has a significant presence in the U.S. and a growing footprint in international markets through its subsidiaries. The firm is part of M&T Bank Corporation, which enhances its capabilities and resources in the financial sector.

10. Rockefeller Capital Management

• Website: rockco.com
• Ownership type: Private
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2018
• Headcount: 1001-5000
• LinkedIn: rockefeller-capital-management

Rockefeller Capital Management is a financial services firm based in New York City, specializing in wealth management, asset management, and investment banking. Established in 2018, the company serves a wide array of clients, including families, individuals, institutional investors, and corporations. They provide customized financial solutions designed to meet the specific needs and objectives of their clients. The firm operates through three main divisions: Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Global Investment Banking. Their asset management division focuses on generating insights and outcomes that are not commonly found in the investment community, utilizing a disciplined investment process and a collaborative team culture. They offer various investment capabilities, including small-cap, thematic, and fixed income strategies, and emphasize sustainable investing practices. With a team of experienced professionals, Rockefeller Capital Management aims to deliver exceptional service and innovative investment strategies to help clients achieve their financial goals.

11. Bridgewater Associates

• Website: bridgewater.com
• Ownership type: Private
• Headquarters: United States (USA)
• Employee distribution: United States (USA) 93%, China 4%, Singapore 2%
• Latest funding: Other (Grant), $22.0M, May 2016
• Founded year: 1975
• Headcount: 1001-5000
• LinkedIn: bridgewater-associates

Bridgewater Associates, LP is an investment management firm based in the United States, established in 1975. The company specializes in asset management and investment strategies tailored for institutional clients. With a workforce of over 1,700 employees, Bridgewater employs a risk parity investment approach, which seeks to balance risk across various asset classes to optimize returns. The firm is recognized for its rigorous research and insights, helping clients navigate the complexities of global markets. Bridgewater's commitment to sustainable investing is evident in its focus on environmental, social, and governance (ESG) factors, which are integrated into their investment processes. The firm has also engaged in partnerships to support global initiatives, such as its collaboration with Global Citizen to bolster the World Bank's development efforts. This multifaceted approach underscores Bridgewater's active role in shaping investment strategies and addressing contemporary economic challenges.

12. Eaton Vance

• Website: eatonvance.com
• Ownership type: Venture Capital
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: United States (USA) 96%, United Kingdom (UK) 3%, Other 1%
• Latest funding: $7.0B, October 2020
• Founded year: 1924
• Headcount: 501-1000
• LinkedIn: eaton-vance

Eaton Vance Corp. is an investment management firm headquartered in Boston, Massachusetts. Founded in 1924, the company has built a reputation for providing a range of investment products and services, including mutual funds, closed-end funds, and wealth management solutions. Eaton Vance serves a broad clientele, including individual investors, institutions, and financial professionals, helping them manage their assets effectively to achieve their financial goals. The firm is particularly noted for its expertise in tax-managed investing, which aims to enhance after-tax returns for clients. With a workforce of approximately 644 employees, Eaton Vance operates primarily in the United States, with a small presence in the United Kingdom. The firm received significant funding of $7 billion in October 2020, reflecting its commitment to growth and innovation in the asset management sector.

13. Baird

• Website: rwbaird.com
• Ownership type: Family Owned
• Headquarters: Milwaukee, Wisconsin, United States (USA)
• Employee distribution: United States (USA) 96%, United Kingdom (UK) 3%
• Founded year: 1919
• Headcount: 5001-10000
• LinkedIn: robert-w-baird-%26-co

Baird, officially known as Robert W. Baird & Co., is an investment firm based in Milwaukee, Wisconsin. Founded in 1919, the company has grown to employ nearly 5,400 professionals, primarily in the United States, with a small presence in the United Kingdom. Baird provides a wide array of financial services, including investment banking, wealth management, and notably, asset management. Their asset management services focus on both equity and fixed income products, catering to individual investors, families, corporations, and institutional clients. Baird's approach is characterized by a commitment to client service, risk management, and performance. The firm has consistently been recognized for its workplace culture, being named one of the Fortune 100 Best Companies to Work For since 2004. Baird's long-standing history and dedication to financial strength position it as a significant player in the asset management industry.

14. Trident Trust

• Website: tridenttrust.com
• Ownership type: Corporate
• Headquarters: Atlanta, Georgia, United States (USA)
• Employee distribution: Mauritius 14%, United States (USA) 11%, Panama 11%, Other 64%
• Latest funding: September 2013
• Founded year: 1978
• Headcount: 1001-5000
• LinkedIn: trident-trust

Trident Trust, founded in 1978, is a corporate and fiduciary services provider based in Atlanta, Georgia. The company has established itself as a key player in the asset management industry, offering a range of services that include fund administration, corporate services, and support for high net worth individuals and families. With a workforce of over 1,100 employees spread across major financial centers worldwide, Trident Trust manages approximately 177 billion dollars in assets. Their client base includes asset managers, family offices, and international businesses, all of whom rely on Trident Trust for their expertise in navigating complex financial landscapes. The firm has built a reputation for its commitment to service excellence and has received multiple industry awards, reflecting its strong position in the market. Trident Trust operates in over 25 jurisdictions, providing tailored solutions that meet the specific needs of its clients.

15. Aew

• Website: aew.com
• Ownership type: Corporate
• Headquarters: Boston, Massachusetts, United States (USA)
• Employee distribution: France 36%, United States (USA) 35%, Germany 10%, Other 20%
• Latest funding: September 2024
• Founded year: 1981
• Headcount: 501-1000
• LinkedIn: aew-global

AEW, founded in 1981 and headquartered in Boston, Massachusetts, is a prominent real estate investment management firm. The company specializes in managing assets for institutional investors, offering a range of investment strategies that include core, core plus, opportunistic, and real estate securities. With a global footprint, AEW operates in key markets across North America, Europe, and Asia Pacific, managing approximately $84.4 billion in assets. Their client base consists of over 800 institutional investors, reflecting their strong reputation in the industry. AEW's commitment to tailored investment solutions and risk management is evident in their approach, which integrates research and insights into every investment decision. The firm has also expanded its capabilities over the years, adapting to market trends and client demands, which underscores its relevance in the asset management sector.

16. Wilshire

• Website: wilshire.com
• Ownership type: Corporate
• Headquarters: United States (USA)
• Latest funding: October 2020
• Founded year: 1972
• Headcount: 201-500
• LinkedIn: wilshire-associates

Wilshire Associates, Inc. is an investment management firm based in the United States, founded in 1972. The company specializes in providing consulting services and analytical products tailored for institutional investors and financial advisors. Wilshire's offerings include managed portfolios, retirement solutions, and investment consulting, which help clients optimize their investment strategies and manage risks effectively. With a workforce of approximately 466 employees, Wilshire has built a reputation for delivering innovative investment solutions backed by both qualitative and quantitative insights. They manage $121 billion in assets and advise on an impressive $1.4 trillion, showcasing their capability to handle complex investment needs. Wilshire also emphasizes responsible investing, integrating ESG factors into their strategies, which reflects their commitment to sustainable investment practices.

Asset Management Insights: Key Companies in the US

Company	Headquarter	Size	Founded	Ownership
State Street Global Advisors	Boston, Massachusetts, United States (USA)	1001-5000	1978	Private
Wellington Management	Boston, Massachusetts, United States (USA)	1001-5000	1933	Private
Pgim	Newark, New Jersey, United States (USA)	1001-5000	1987	Private
Cambridge Associates	Boston, Massachusetts, United States (USA)	1001-5000	1973	Venture Capital
American Funds	Los Angeles, California, United States (USA)	5001-10000	1931	Private
Capital Group	Los Angeles, California, United States (USA)	5001-10000	1931	Private
PineBridge Investments	New York, New York, United States (USA)	501-1000	2009	Private
Pimco	Newport Beach, California, United States (USA)	1001-5000	1971	Private
Wilmington Trust	Wilmington, Delaware, United States (USA)	1001-5000	1903	Corporate
Rockefeller Capital Management	New York, New York, United States (USA)	1001-5000	2018	Private
Bridgewater Associates	United States (USA)	1001-5000	1975	Private
Eaton Vance	Boston, Massachusetts, United States (USA)	501-1000	1924	Venture Capital
Baird	Milwaukee, Wisconsin, United States (USA)	5001-10000	1919	Family Owned
Trident Trust	Atlanta, Georgia, United States (USA)	1001-5000	1978	Corporate
Aew	Boston, Massachusetts, United States (USA)	501-1000	1981	Corporate
Wilshire	United States (USA)	201-500	1972	Corporate

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