MutualFundDirectory.org Ranks Mutual Fund Companies By Assets Under Management (AUM)
Data Updated: 5/6/16.
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|Company Name|| Assets Under|
|Old||Click to get |
|Date of |
|1||Black Rock Funds||$4,737.00||$4,645.00||Request info...||3/31/2016||12/31/2015|
|2||BNY Mellon (Dreyfus)||$3,300.00||$2,700.00||Request info...||3/31/2016||1/20/2016|
|4||Fidelity Investments||$2,040.00||$2,078.00||Request info...||3/31/2016||9/30/2015|
|5||State Street Global Advisors||$2,000.00||$2,400.00||Request info...||3/31/2016||12/31/2015|
|6||JP Morgan||$1,600.00||$1,700.00||Request info...||3/31/2016||9/30/2015|
|8||American Funds Investments/PIMCO||$1,300.00||$1,300.00||Request info...||4/21/2016||5/31/2015|
|9||Prudential Investments||$1,000.00||$1,000.00||Request info...||4/28/2016||9/30/2015|
|10||Franklin Templeton||$880.60||$763.00||Request info...||3/31/2016||12/31/2015|
|11||Natixis Global Associates||$870.00||$870.30||9/30/2015||9/30/2015|
|12||Deutsche Asset Management||$842.00||$812.50||Request info...||3/31/2016||9/30/2015|
|13||TIAA-CREF (purchased Nuveen)||$834.00||$834.00||Request info...||9/30/2015||9/30/2015|
|14||Ameriprise Financial||$815.00||$800.00||Request info...||4/22/2016||3/30/2015|
|16||T Rowe Price||$764.60||$736.10||Request info...||3/31/2016||12/31/2015|
|18||Goldman Sachs Asset Management||$689.00||$689.00||Request info...||1/5/2016||1/5/2016|
|19||Legg Mason||$670.00||$691.40||Request info...||3/31/2016||11/30/2015|
|20||TD Ameritrade||$667.00||$667.00||Request info...||9/30/2015||9/30/2015|
|22||BofA Merrill Lynch||$610.00||$610.00||12/31/2015||12/31/2015||
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|24||Principal Financial Group||$547.70||$527.40||Request info...||3/31/2016||12/31/2015|
|25||Mainstay Capital/NYLife||$537.00||$537.00||Request info...||12/31/2015||12/31/2015|
|26||RBC Global Wealth (CAN)||$526.10||$526.10||Request info...||12/31/2015||12/31/2015|
|27||Alliance Bernstein||$479.00||$458.00||Request info...||3/31/2016||12/31/2015|
|28||Aberdeen Asset Management (UK)||$428.20||$428.20||Request info...||12/31/2015||12/31/2015|
|29||Dimensional Fund Advisers||$414.00||$418.00||Request info...||4/29/2016||1/5/2016|
|30||Morgan Stanley||$406.00||$406.00||Request info...||12/31/2015||12/31/2015|
|33||Wells Fargo Advantage Funds||$376.00||$376.00||Request info...||2/3/2016||2/3/2016|
|34||Federated Investors||$370.00||$361.10||Request info...||3/31/2016||12/31/2015|
|35||Columbia Management||$339.00||$0.80||Request info...||3/31/2016||12/31/2015|
|36||Nomura Asset Management||$338.00||$319.00||Request info...||12/31/2015||6/30/2015|
|37||Credit Sussie||$321.20||$111.00||Request info...||12/31/2015||1/2/2015|
|38||Julius Baer Securities||$309.70||$284.70||Request info...||2/1/2016||6/30/2015|
|39||Lizard Mgmt Group||$304.00||$304.00||Request info...||1/5/2016||1/5/2016|
|40||Eaton Vance Distributors||$302.60||$312.60||Request info...||1/31/2016||9/30/2015|
|41||Charles Schwab||$280.00||$280.00||Request info...||12/31/2015||12/31/2015|
|42||Voya (ING)||$274.00||$450.00||Request info...||3/31/2016||12/31/2015|
|43||Dodge & Cox||$259.00||$270.00||Request info...||5/2/2016||12/31/2015|
|44||Pioneer + (Santander)||$248.90||$244.10||Request info...||3/31/2016||12/31/2015|
|45||Frank Russell Investments (Northwestern Mutual)||$247.00||$237.30||Request info...||3/31/2016||9/30/2015|
|46||Guggenheim Partners||$240.00||$240.00||Request info...||3/31/2016||12/31/2015|
|47||Neuberger Berman||$240.00||$240.00||Request info...||12/31/2015||12/31/2015|
|48||Oppenheimer Funds||$232.00||$232.00||Request info...||9/30/2015||9/30/2015|
|49||Babson Capital Management||$231.00||$237.00||Request info...||3/31/2016||12/31/2015|
|50||Nuveen Investments (now TIAA Cref)||$229.70||$225.00||Request info...||3/31/2016||12/31/2015|
|52||Carlyle Group||$183.00||$183.00||Request info...||12/31/2015||12/31/2015|
|53||TCW Group||$182.50||$180.70||Request info...||3/31/2016||1/15/2016|
|54||Estancia Capital Mgmt||$182.00||$182.00||Request info...||1/5/2016||1/5/2016|
|55||Janus Capital Group||$180.20||$192.00||Request info...||3/31/2016||12/31/2015|
|56||Putnam Investments||$147.00||$125.00||Request info...||4/30/2016||1/7/2016|
|57||American Century Investments (Normra to buy 41%)||$141.00||$141.00||Request info...||9/30/2015||9/30/2015|
|58||Sun Life Gobal Investments||$138.00||$846.00||Request info...||3/31/2016||12/31/2015|
|59||John Hancock Funds (CAN)||$132.00||$132.00||Request info...||12/31/2015||12/31/2015|
|60||Lord Abbett & Co||$125.50||$125.50||12/31/2015||12/31/2015|
|61||IGM Financial||$124.90||$131.00||Request info...||1/31/2016||1/31/2016|
|62||LPL Financial (Note: advisory funds only)||$112.00||$117.00||Request info...||3/31/2016||2/3/2016|
|63||Artisan Partners Financial||$97.00||$99.80||Request info...||3/31/2016||12/31/2015|
|64||Waddell & Reed||$95.20||$106.20||Request info...||3/31/2016||9/30/2015|
|65||First Eagle Funds Distributors||$94.00||$92.00||Request info...||3/31/2016||12/31/2015|
|67||MAN Group||$78.60||$76.80||Request info...||3/31/2016||9/30/2015|
|68||William Blair Funds||$78.00||$62.60||Request info...||3/31/2016||9/30/2015|
|69||TransAmerica Funds||$74.40||$74.40||Request info...||9/30/2015||9/30/2015|
|70||TPG Capital||$74.10||$65.00||Request info...||12/31/2015||12/31/2015|
|71||The Hartford||$73.60||$76.30||Request info...||3/31/2016||6/30/2015|
|72||Oakmark Funds||$71.00||$75.20||Request info...||3/31/2016||12/31/2015|
|73||MacKenzie Investments (CAN)||$61.30||$61.70||Request info...||3/31/2016||12/31/2015|
|74||US Bancorp||$56.60||$56.00||Request info...||5/2/2016||12/31/2015|
|75||Brown Brothers Harriman||$54.00||$62.00||Request info...||1/1/2016||1/4/2016|
|76||Thornburg Asset Management||$54.00||$55.00||Request info...||3/31/2016||12/31/2015|
|77||Sterling Capital (BB&T)||$54.00||$51.00||Request info...||3/31/2016||12/31/2015|
|79||Ivy Funds||$41.00||$41.00||Request info...||3/31/2015||3/31/2015|
|80||Gabelli Investors||$37.50||$40.30||Request info...||5/15/2015||12/31/2015|
|81||Davis Select Advisers||$36.80||$36.80||Request info...||1/4/2016||1/4/2016|
|82||Scout Investments||$27.30||$27.00||Request info...||3/31/2016||12/31/2015|
|83||Aston Funds||$26.60||$26.60||Request info...||12/31/2015||12/31/2015|
|84||Virtus Investment Partners||$26.50||$28.80||Request info...||3/31/2016||12/31/2015|
|85||Matthews Asia Funds||$25.80||$25.50||Request info...||3/31/2016||12/31/2015|
|86||USAA Investment Management||$23.30||$22.90||Request info...||3/31/2016||12/31/2015|
|87||Reams Asset Mgmt||$21.90||$21.30||Request info...||3/31/2016||12/31/2015|
|88||Royce Funds||$18.50||$18.50||Request info...||3/31/2016||12/31/2015|
|89||Tweedy Browne Co||$18.30||$18.30||Request info...||12/31/2016||12/31/2015|
|90||RS Investments||$16.60||$20.40||Request info...||3/31/2016||1/7/2016|
|91||Touchstone Investments||$14.80||$14.80||Request info...||1/7/2016||1/7/2016|
|93||Calvert Funds||$12.20||$12.20||Request info...||12/31/2015||12/31/2015|
|94||Avenue Capital Management||$11.80||$12.30||Request info...||3/31/2016||12/31/2015|
|95||Ariel Investments||$10.10||$10.00||Request info...||5/2/2016||1/7/2016|
|96||Kelso & Company||$9.60||$7.90||Request info...||3/31/2016||1/5/2016|
|97||Saturna Capital||$3.80||$3.80||Request info...||5/2/2016||12/31/2015|
|98||Heartland Advisors||$3.00||$5.40||Request info...||3/22/2016||1/7/2016|
Is a Backup Plan a smart move?
You diversify your portfolio already to reduce risk. So in times of uncertainty like these, why not diversify your holding into another mutual fund company or two? Unless you are 100% satisfied with your mutual fund provider or are related to your broker, it makes sense to have a secondary mutual fund provider. Why?
- If your favorite broker leaves, the accurate investment advice drops noticeably all of the sudden or the level of customer
- service drops, you want to have one or two secondary companies already in place to move your money to maximize your return and safety.
- I think it’s better to pit two or three companies against each other. Let them know you are doing it. Then at the end of the year, let them all know the results. This will make them work harder for you. The ones that don’t work hard will speak volumes. Having a company you are paying that is not working as hard as possible for you is not a company you want to trust with your financial life and future lifestyle.
- The profit margins in the mutual fund industry are large. Many companies out there are hungry for new business and you can get some deals. After all, it’s about increasing your wealth to protect your lifestyle and the security of your family.
- Finally, hopefully there will never be a Berny Madoff situation, but are you willing to bet your and your family’s financial life on that? It only takes one or two very smart bad apples behind the scenes to ruin people’s lives forever. Another reason to diversify.
Why Mutual Funds?
Like in Vegas, you and most people can hit it big every now and then. However, the Fund Managers have such an advantage in information, key contacts and vast resources over individual investors it’s not even close. Also like in Vegas, your best odds are 48.5%. In other words, Since they are not even 50%, you lose over time and the house always wins. Mutual Funds even the playing field for the individual investor in two ways:
1. They spread your micro-economic risk by spreading your investment over many stocks so if one tanks your overall investment is not devastated and
2. You let the Fund Manager work for you instead of against you.
This greatly simplifies your job as an individual investor. Now you only have to pick the segment of the global economy that you think will be improving then your mutual fund company, and the fund to meet your goals. So you need to decide if the growth areas will be:
Small Cap, Mid Cap, Large Cap, Bonds, Far East, Pacific Rim, China, Europe, South America, Hi Tech, High Beta, Utilities, High Grade Investment Bonds, Junk Bonds, …….
And what mix of each? You don’t need to be keeping tabs on the latest law suit of XYZ’s consumer division or another company’s inventory level. Let the Fund Managers do that part. They can do it better than you. That’s the benefit of investing in mutual fund companies.
As An Example
When Morgan Stanley announced they are laying off 1,600 workers. According to their website, they have not put out a press release as of 1/10/13 which is odd. I’m sure things are a little crazy there right now, which is my point. However, once they send it out I’m sure it will say something like, “We value our customers and our service to them will not be affected.”
- It’s not just Morgan Stanley, other mutual fund and brokerage companies are reducing expenses including layoffs in 2012/2013 and they will also say something like, “our customer service will not be affected.” Of course, in reality this is virtually impossible.
- If your company’s level of service drops off at no fault of the people you like, it may affect you and your portfolio you have with your current mutual fund provider.
- Some companies will figure it out but most will not and cause you to suffer if yours starts to struggle. You need to consider being proactive by starting relationships with the companies who have figured it out from return, risk and customer service point of view.
- Will your primary brokerage company like the backup plan? Nope but “tuff!” If they know you have researched other companies per below, they may offer you some extra incentive to stay. Hence, using the easy research tool below is an easy way to make and save money.
About the Author
An entrepreneur at heart, Mike Dunn launched his first computer training and software development business when he was just 21 years old. With Bachelor’s degrees in both Finance and Information Systems with minors in Economics and Psychology, Dunn embarked on a sales career for AT&T/BellSouth. He soared to the top of his field, matching customers’ corporate goals and objectives to bleeding-edge technology. He has leveraged his 20+ years of leadership in the sales field to help others succeed through his training company, GameChangingBusinessSkills.com. As a thought leader in Internet-related finance, Dunn has been at the forefront of recognizing and acting on game-changing strategies. He melds his expertise in sales and finance in order to quantify return on investment for what Nassim Taleb termed Black Swan Events. Dunn’s current project, Mutual Fund Marketing Services.com, focuses on helping Mutual Fund Companies leverage Social Media/Call Center and Mutual Funds sales best practices into a powerful combination to help mutual fund companies achieve and exceed their corporate metrics and goals. Follow him on twitter for the latest updates in the mutual fund industry at “mutualfundmike”.