Morgan Stanley lays off 1,600 workers
Morgan Stanley just 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 if odd. 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 Stanly, other mutual fund and brokerage companies are reducing expenses including layoffs and they will also say something like, “our customer service will not be affected.” Of course, this is virtually impossible. I will affect the level of customer service they can offer and, more importantly, it may affect you and your portfolio you have with your mutual fund provider.
Is a Backup Plan a smart move?
You diversify you portfolio already to reduce risk, so in times of uncertainty, why not diversify your holding into another mutual fund company? 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 can have an existing a relationship(s) to move you money to maximize your return and safety.
- I thinks 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 me is not a company I want to trust with my financial life and future lifestyle.
- Many companies out there are hungry for new business and you get some deals. After all, it’s about increasing your wealth to protect your lifestyle and the security of your family.
How to do your research to make a change?
See the 80+ companies listed on by Assets Under Management. Click on the ones you want to research further for the company to 
send you their information or contact you to see if you can work out a deal. The profit margins are high in the mutual fund industry and they can offer some incentives. Now more than ever.
2013 List of Mutual Fund Companies sorted by Assets Under Management (AUM)
To get more information from any of the companies below, click on the “Request Info” button.
Data last updated:12/27/12
Do you homework fast. Review the information below then click for more information from the companies you are interested in to help with your due diligence.
Slider Bar is at the BOTTOM to see more date on the right side.
| Rank by AUM on 12/27/12 | Company Name | Assets Under Management (AUM) In $ Billions | Click to get Company Info | Date of data used | Click to get Company Info |
|---|---|---|---|---|---|
| 1 | Black Rock Funds | $3,670.0 B | Request info... | 9/30/2012 | Request info... |
| 2 | Allianz Global Investors/PIMCO | $2,247.0 B | Request info... | 9/30/2012 | Request info... |
| 3 | State Street Global Investments | $2,100.0 B | Request info... | 9/30/2012 | Request info... |
| 4 | Fidelity Investments | $1,600.0 B | Request info... | 12/25/2012 | Request info... |
| 5 | Vanguard | $1,474.6 B | Request info... | 9/30/2012 | Request info... |
| 6 | BYN Mellon (Dreyfus) | $1,400.0 B | Request info... | 9/30/2012 | Request info... |
| 7 | JP Morgan | $1,400.0 B | Request info... | 9/30/2012 | Request info... |
| 8 | American Funds Investments | $850.0 B | Request info... | 11/30/2012 | Request info... |
| 9 | Sun Life Gobal + MFS (Can)* | $819.0 B | Request info... | 9/30/2012 | Request info... |
| 10 | Credit Suisse | $814.3 B | Request info... | 9/30/2012 | Request info... |
| 11 | Franklin Templeton | $768.8 B | Request info... | 11/30/2012 | Request info... |
| 12 | Natixis Global Associates | 733.9 | Request info... | 9/30/2012 | Request info... |
| 13 | AXA | $722.0 B | Request info... | 9/30/2012 | Request info... |
| 14 | Goldman Sachs Asset Management | $716.1 B | Request info... | 6/30/2012 | Request info... |
| 15 | Invesco | $683.8 B | Request info... | 11/30/2012 | Request info... |
| 16 | BofA Merrill Lynch (owns 34% of Black Rock) | $682.2 B |  | 6/30/2012 | Request info... |
| 17 | Prudential Investments | $670.0 B | Request info... | 9/30/2012 | Request info... |
| 18 | Ameriprise Financial | $655.0 B | Request info... | 6/30/2012 | Request info... |
| 19 | Legg Mason | $648.0 B | Request info... | 11/30/2012 | Request info... |
| 20 | BNP Paribas | $645.0 B | Request info... | 9/30/2012 | Request info... |
| 21 | UBS | $625 B | Request info... | 9/30/2012 | Request info... |
| 22 | T Rowe Price | $574.4 B | Request info... | 9/30/2012 | Request info... |
| 23 | Deutsche Asset Management | $528.0 B | Request info... | 3/30/2012 | Request info... |
| 24 | Wells Fargo | $450.0 B | Request info... | 9/30/2012 | Request info... |
| 25 | TIAA-CREF | $440.7 B | Request info... | 9/30/2012 | Request info... |
| 26 | Barclays Global Investments | $435.0 B | Request info... | 4/15/2012 | Request info... |
| 27 | Alliance Bernstein | $419.0 B | Request info... | 9/30/2012 | Request info... |
| 28 | Federated Investors | $364.1 B | Request info... | 9/30/2012 | Request info... |
| 29 | Morgan Stanley | $331.0 B | Request info... | 9/30/2012 | Request info... |
| 30 | RBC Global Wealth (CAN) | $322.1 B | Request info... | 9/30/2012 | Request info... |
| 31 | Principal Financial Group | $320.0 B | Request info... | 9/30/2012 | Request info... |
| 32 | Aberdeen Asset Management (UK) | $302.4 B | Request info... | 9/30/2012 | Request info... |
| 33 | Nomrua Asset Management | $289.0 B | Request info... | 9/30/2012 | Request info... |
| 34 | Mellon Capital | $258.9 B | Request info... | 9/30/2012 | Request info... |
| 35 | Dimensional Fund Advisers | $257.6 B | Request info... | 9/30/2012 | Request info... |
| 36 | TD Ameritrade | $255.0 B | Request info... | 4/30/2012 | Request info... |
| 37 | Harbor Funds (Robeco Groep) SUI | $231.0 B | Request info... | 11/30/2012 | Request info... |
| 38 | Charles Schwab | $210.0 B | Request info... | 9/30/2012 | Request info... |
| 39 | Old Mutual | $208.0 B | Request info... | 6/30/2012 | Request info... |
| 40 | Julius Baer Securities | $204.6 B | Request info... | 10/31/2012 | Request info... |
| 41 | Dodge & Cox | $199.0 B | Request info... | 2/28/2012 | Request info... |
| 42 | Eaton Vance Distributors | $198.2 B | Request info... | 9/30/2012 | Request info... |
| 43 | Oppenheimer Funds | $169.0 B | Request info... | 6/6/2012 | Request info... |
| 44 | Janus Capital Group | $158.2 B | Request info... | 9/30/2012 | Request info... |
| 45 | Babson Capital Management | $154.0 B | Request info... | 9/30/2012 | Request info... |
| 46 | Calvert Funds | $145.6 B | Request info... | 12/21/2012 | Request info... |
| 47 | Sterling Capital (BB&T) | $128.0 B | Request info... | 3/31/2012 | Request info... |
| 48 | American Century Investments | $127.5 B | Request info... | 9/14/2012 | Request info... |
| 49 | Putnam Investments | $127.0 B | Request info... | 11/30/2012 | Request info... |
| 50 | Lord Abbott & Co | $126.1 B | Request info... | 9/30/2012 | Request info... |
| 51 | John Hancock Funds (Can) | $121.6 B | Request info... | 2/28/2012 | Request info... |
| 52 | Reliance Trust | $116.0 B | Request info... | 12/11/2012 | Request info... |
| 43 | LPL Financial | $101.8 B | Request info... | 3/31/2012 | Request info... |
| 54 | Waddell & Reed | $89.0 B | Request info... | 6/30/2012 | Request info... |
| 55 | Thornburg Asset Management | $81.0 B | Request info... | 9/30/2012 | Request info... |
| 56 | First Eagle Funds Distributors | $71.0 B | Request info... | 9/30/2012 | Request info... |
| 57 | MacKenzie Investments (Can) | $60.6 B | Request info... | 11/30/2012 | Request info... |
| 58 | The Hartford | $54.9 B | Request info... | 9/30/2012 | Request info... |
| 59 | Davis Select Advisers | $53.3 B | Request info... | 3/31/2012 | Request info... |
| 60 | MAN Group | $52.7 B | Request info... | 6/30/2012 | Request info... |
| 61 | TransAmerica Funds | $52.2 B | Request info... | 6/30/2012 | Request info... |
| 62 | Ivy Funds | $50.0 B | Request info... | 3/31/2012 | Request info... |
| 63 | American Beacon | $47.0 B | Request info... | 6/30/2012 | Request info... |
| 64 | William Blair Funds | $44.0 B | Request info... | 3/30/2012 | Request info... |
| 65 | Royce Funds | $36.0 B | Request info... | 6/30/2012 | Request info... |
| 66 | Blue Crest Capital | $32.0 B | Request info... | 9/4/2011 | Request info... |
| 67 | Och-Ziff | $32.0 B | Request info... | 11/2/2012 | Request info... |
| 68 | Frank Russell Investments | $24.9 B | Request info... | 3/31/2012 | Request info... |
| 69 | RS Investments | $21.9 B | Request info... | 6/30/2012 | Request info... |
| 70 | Virtus Investment Partners | $21.4 B | Request info... | 9/30/2012 | Request info... |
| 71 | Gabelli Investors | $20.0 B | Request info... | 9/30/2012 | Request info... |
| 72 | Matthews Asia Funds | $19.7 B | Request info... | 11/30/2012 | Request info... |
| 73 | Avenue Capital Management | $12.1 B | Request info... | 1/24/2012 | Request info... |
| 74 | Scout Investments | $12.1 B | Request info... | 9/30/2012 | Request info... |
| 75 | USSA Investment Management | $12 B | Request info... | 11/30/2012 | Request info... |
| 76 | Oakmark Funds | $6.7 B | Request info... | 9/30/2012 | Request info... |
| 77 | Brown Brother Harriman | $6.0 B | Request info... | 3/31/2012 | Request info... |
| 78 | Heartland Advisors | $5.5 B | Request info... | 9/30/2012 | Request info... |
| 79 | Aston Funds | $5.0 B | Request info... | 10/23/2012 | Request info... |
| 80 | Ariel Investments | $4.7 B | Request info... | 9/30/2012 | Request info... |
| 81 | Tweedy Browne Co | $4.7 B | Request info... | 3/31/2012 | Request info... |
| 82 | Saturna Capital | $3.8 B | Request info... | 9/11/2012 | Request info... |
| 83 | Mainstay Capital | $1.24 B | Request info... | 10/17/2012 | Request info... |
| 84 | US Global Investments | $1.7 B | Request info... | 9/30/2012 | Request info... |
| 85 | FAM Funds | $1.5 B | Request info... | 9/30/2012 | Request info... |
| 86 (43 a) | Pioneer Investments | $197.9 B | Request info... | 10/31/2012 | Request info... |