US Asset Management Industry - Size, Overview & Analysis Report (2024)

US Asset Management Market Size

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US Asset Management Industry - Size, Overview & Analysis Report (1)
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 5.00 %
Market Concentration Low

Major Players

US Asset Management Industry - Size, Overview & Analysis Report (2)

*Disclaimer: Major Players sorted in no particular order

US Asset Management Industry - Size, Overview & Analysis Report (3)

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US Asset Management Market Analysis

The total number of firms in US providing asset management services have increased as compared to last few years and the number is expected to grow even more in the forecast period.

In 2021, Systematic Investment Planning ( SIP ) continued their trend as their collections rose to Rs 113.1 bn in December 2021 from Rs 110.1 bn in November. The number of mutual fund SIP accounts stood at 49 Million as of December 2021 compared with 47.8 Million in November.

Businesses and other institutional investors also rely on funds. For instance, institutions can use money market funds to manage some of their cash and other short-term asset. Institutional investors also have contributed to the growing demand for EFTs. Investment managers-including mutual funds, pension funds, hedge funds, and insurance companies-use EFTs to invest in markets, manage liquidity and investor flows, or hedge their exposures.

The COVID-19 pandemic severely disrupted US Asset Management Market and the real economy worldwide. These extraordinary events prompted large monetary and fiscal policy interventions. Recognizing the unusual nature of the shock, the academic community has produced an impressive amount of research during the last year.

US Asset Management Market Trends

This section covers the major market trends shaping the US Asset Management Market according to our research experts:

Outlook of the US Economy and Investment Management Industry

For the asset management industry, Financial Markets is the segment where most of the investments takes place. In terms of financial performance, the industry has the greatest advantages. Despite the weight of the pandemic on traditional macroeconomic indicators (GDP growth, unemployment, consumer confidence, manufacturer confidence), stock and bond markets recovered quickly from the lows of March 2020 to reach all-time highs over the past few months. And despite the recent market volatility caused by a second (and in some cases third) wave of the pandemic, valuations remain high as the low rate environment has nudged investors towards risk assets. People have started investing more and more in assets as passive source of comparatively high income. Top players have even started marketing about asset management specially mutual funds and EFT's which has been a great boon for market and has increased the overall market value. Increase in standard of living of people , Rapid Urbanization , Increasing profits from share , safety of the assests are some of the points that has attracted most of the people towards Asset management market. Considering all above factors , Increased Demand in Investments by people is surely a key market trend for asset management market in US.

US Asset Management Industry - Size, Overview & Analysis Report (4)

US Asset Management Industry - Size, Overview & Analysis Report (5) Understand The Key Trends Shaping This Market

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Decrease in Expense Ratio in Various Asset Classes

Rising costs of managing the fund and declining profits of the portfolio have forced asset manager to cut the expense ratio of the long term funds with in-demand asset constituents, such as equity, hybrid fund, etc. The consequence of such measures is that overall returns show improvement. Many firms have been forced to consider redesigning their business operating models as part of a renewed strategic focus on aggressive cost control and operational efficiency. A wave of marketing from smaller niche and effective players, claiming to have found the secret of generating better alpha by using algorithms, has managed to give competition to larger players. Such smaller players seem to claim that they can fulfill sustainable investment needs of millennials without sacrificing returns and charging higher costs. This wave has forced to reduce the expense cost on various financial assets. The decrease in various assets class has benefitted lenders as well as borrowers. The Borrowers has started investing and borrowing more while this has benefitted lenders as they have started receiving more profits and returns.

US Asset Management Industry - Size, Overview & Analysis Report (6)

US Asset Management Industry Overview

The US asset management market is highly competitive, with the presence of major international players. The Major Players are BlackRock Inc , J.P . Morgan Asset Management , Goldsman Sach , Fedelity Investments , BNY Mellon Asset Management . The market studied presents opportunities for growth during the forecast period, which is expected to increase the market competition as well. The top players have a brand image which attracts more clients. Multiple domestic players are holding significant shares, the market studied is competitive and fast- growing .

US Asset Management Market Leaders

  1. BlackRock Inc

  2. J.P. Morgan Asset Management

  3. Goldsman Sach

  4. Fidelity Investments

  5. BNY mellon asset management

*Disclaimer: Major Players sorted in no particular order

US Asset Management Industry - Size, Overview & Analysis Report (7)

US Asset Management Industry - Size, Overview & Analysis Report (8) Need More Details on Market Players and Competitors?

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US Asset Management Market News

Introduction of Smart Beta : Smart beta refers to an investment strategy that combines elements of passive index investing with those of actively managed investing. Smart beta investment strategies can be used for fixed income assets like bonds as well as stocks. They seek to outperform index funds by exploiting one or more performance factors other than market capitalization. These may include momentum, liquidity, earnings, volatility, or dividend growth. Smart beta funds generally have lower expenses than actively managed funds but higher expenses than index funds.

Crypto Currency Asset Market has been the fastest-growing segment in the US Asset Management Market in past few months. cloud based crypto asset management provides individuals and enterprises with improved flexibility as well as cost effective solutions. The demand for crypto asset management has increased post pandemic in weeks.

According to one of the top players , BlackRock Inc , The new asset market demands equities over bonds. Top player companies think it has reduced the risk of central banks slamming the brakes to contain inflation. This is upgrading developed market (DM) stocks as a result. The market expectations of rate hikes have become excessive and have created opportunities in equities. Asset managementnCompanies downgrade credit, preferring to take risk in equities.

Bussiness Standards - one among top US journals has claimed on 23 February 2022 that Gold has emerged as Best - performing asset class in 2022. The gold was trading at around $1,900 per ounce in the international market in beginning of 2022, up from $1,796 at the end of January. The precious metal made an intra-day high of $1,918 in this span. Currently, gold is trading at its highest level since January 2022.

US Asset Management Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Insights on Various Regulatory Trends Shaping Asset Management Market in United States

    5. 4.5 Insights on impact of technology and innovation in Operation in Asset Management

    6. 4.6 Insights on Performance of Asset Managers in United States

    7. 4.7 Industry Attractiveness - Porters' Five Forces Analysis

      1. 4.7.1 Threat of New Entrants

      2. 4.7.2 Bargaining Power of Buyers

      3. 4.7.3 Bargaining Power of Suppliers

      4. 4.7.4 Threat of Substitutes

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Client Type

      1. 5.1.1 Retail

      2. 5.1.2 Pension Fund

      3. 5.1.3 Insurance Companies

      4. 5.1.4 Banks

      5. 5.1.5 Other Institution

    2. 5.2 By Asset Class

      1. 5.2.1 Equity

      2. 5.2.2 Fixed Income

      3. 5.2.3 Cash/Money Market

      4. 5.2.4 Alternative Investments

      5. 5.2.5 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concetration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 BlackRock

      2. 6.2.2 J.P. Morgan Asset Management

      3. 6.2.3 Goldman Sachs

      4. 6.2.4 Fidelity Investments

      5. 6.2.5 BNY Mellon Investment Management

      6. 6.2.6 The Vanguard Group

      7. 6.2.7 State Street Global Advisors

      8. 6.2.8 Pacific Investment Management Company LLc

      9. 6.2.9 Prudential Financial

      10. 6.2.10 Capital Research & Management Company

      11. 6.2.11 Amudi

      12. 6.2.12 Franklin Templeton Investments

      13. 6.2.13 Northern Trust Global Investments

      14. 6.2.14 Wellington Management Company LLC*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNTIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

**Subject to Availability

US Asset Management Industry Segmentation

Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes). The US Asset Management Market is segmented By Client Type (Retail, Pension Funds, Insurance Companies, Banks, and Others) and By Asset Class (Equity, Fixed Income, Cash/Money Management, Alternative Investment , and Others).

By Client Type
Retail
Pension Fund
Insurance Companies
Banks
Other Institution
By Asset Class
Equity
Fixed Income
Cash/Money Market
Alternative Investments
Others

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US Asset Management Market Research FAQs

What is the current US Asset Management Market size?

The US Asset Management Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Who are the key players in US Asset Management Market?

BlackRock Inc, J.P. Morgan Asset Management, Goldsman Sach, Fidelity Investments and BNY mellon asset management are the major companies operating in the US Asset Management Market.

What years does this US Asset Management Market cover?

The report covers the US Asset Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Asset Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

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US Asset Management Industry Report

Statistics for the 2024 US Asset Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Asset Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

  • US Asset Management Market Size
  • US Asset Management Market Share
  • US Asset Management Market Trends
  • US Asset Management Companies
  • US Asset Management News

US Asset Management Industry - Size, Overview & Analysis Report (10)

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US Asset Management Industry - Size, Overview & Analysis Report (2024)

FAQs

What is the size of US asset management industry? ›

Report AttributeDetails
Base Year:2022
Asset Management Market Size in 2022:USD 371.2 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:34%
8 more rows

What is the market size of the asset management industry? ›

Global Asset Management Market size was valued at USD 277.42 billion in 2019 and is poised to grow from USD 373.69 billion in 2023 to USD 5455.24 billion by 2031, growing at a CAGR of 34.7% in the forecast period (2024-2031).

What is the overview of asset management industry? ›

Asset management is the business wherein a financial institution manages money on behalf of institutions, sovereign wealth funds, pension funds, corporations, and other large groups. These clients are often called institutional investors, and the asset manager, in turn, is called an institutional asset manager.

How many AUM are there in the US? ›

The assets under management (AUM) in North America amounted to almost 47 trillion U.S. dollars in 2022, accounting for almost half of the total AUM worldwide.

What is the largest asset management company in the US? ›

BlackRock

How much of the US asset management industry is AUM? ›

Of these $93.8 trillion, AUM in North America was $54.5 trillion, or 58.1%. US Asset managers occupied the top 3 slots of largest managers, with BlackRock keeping its top billing since 2009, and with Vanguard and State Street rounding out the top 3 positions for the last 4 years.

What is market size in industry analysis? ›

What Is Market Sizing? The "market size" is made up of the total number of potential buyers of a product or service within a given market, and the total revenue that these sales may generate.

Who is the largest asset management? ›

The top 5 of asset managers included in this ranking are BlackRock, 9,464 US$b, (They hit 10tn AUM as per December 2021), Vanguard, with 8,400 US$b, UBS Group, one of two European Asset Managers who made the Top 10 with 4,432 US$b, Fidelity with 4,230 US$b, and State Street Global Advisors with 3,860 US$b.

What is the biggest asset management in the world? ›

Vanguard takes institutional lead over BlackRock

BlackRock remains the world's largest asset manager overall.

What are the 5 core components of asset management? ›

This one-page diagram quickly outlines the five core components of Asset Management: Assets, Service Level, Criticality, Life Cycle and Funding and the key questions associated with each of them.

What is the main objective of asset management? ›

The goal of asset management is to maximize the value of an investment portfolio over time while maintaining an acceptable level of risk. Asset management as a service is generally provided by specialized firms to individuals, government entities, corporations, and institutional investors.

What is the main purpose of asset management? ›

Asset management is the art and science of making the right decisions and optimising the delivery of value. A common objective is to minimise the whole life cost of assets but there may be other critical factors such as risk or business continuity to be considered objectively in this decision making.

Who are the top 5 asset managers in the world? ›

Top 10 Global Asset Managers

The ranking of the top 10 global managers was almost unchanged from last year. BlackRock retained the top spot with €7.1trn of AUM, with Vanguard, Fidelity, SSGA, Capital Group and JPMAM also keeping their positions.

Who are the largest asset owners by AUM? ›

The three largest asset owners globally are:
  • Government Pension Investment Fund of Japan – $1.4 trillion AUM.
  • Norway's Norges Bank Investment Management – $1.3 trillion AUM.
  • China Investment Corp. – $1.1 trillion AUM.
Nov 27, 2023

Which firm has the highest AUM? ›

The largest investment management company worldwide by assets under management (AUM) as of 2022 was Blackrock reaching almost 9.5 trillion U.S. dollars in AUM. The Vanguard Group ranked second managing 8.4 trillion U.S. dollars in assets.

What is the size of assets under management? ›

Assets under management (AUM) is the total market value of the investments managed by a person or entity on behalf of investors. AUM fluctuates to reflect the flow of money in and out of a fund and the price performance of the assets.

What is the size of digital asset management industry? ›

The digital asset management market size was valued at USD 4.7 Billion in 2023 and is expected to reach a market size of USD 20.3 Billion by 2032 at a CAGR of 17.7%. The growing demand for digital asset management owing to the demand for media-rich content across several industries drives industry growth.

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