The 10 largest financial services companies by AUM (Assets Under Management) are the biggest players on the market as far as what they have as assets under their management and these assets’ value go. You can see all these on our list of the 25 largest financial service companies by revenue due to obvious reasons – the more money a company rakes in, the more assets it has under management. However, a company’s assets don’t come solely from revenue so you will see that the order is not quite the same at all.
Financial services can include quite a bit of different businesses. They include insurance, banking, accounting, reinsurance, assets management and many more. Finance has become a very complex field of study today and an even more complex and daunting field of practice, especially if you get into the higher tiers of it. Technology is doing its best to help but in a world where people live and die for the sole purpose of stacking up more income, nothing can ever be enough. The times when people bartered for everything or later on exchanged some basic form of currency has long passed. Today, our financial world is a very dynamic and vivid environment where the press of a button with a couple of seconds of latency can be the difference between being on the top and starting again from the bottom. It’s quite an intricate and curious story how it all got this way but to keep this article acceptably unlike a book, we will omit discussing that matter.
On the other hand, certain financial companies today have grown enough to become an integral part of international economy with the assets they hold or fund other establishments which may or may not include government related work. The modern private economy sector is a machine of unimaginable proportions which, like any other, is only as strong as its weakest part, which any of these companies are not.
Now, let’s take a look at these 10 largest financial sercives companies by AUM:
10. Banco Santander
Banco Santander is the firstborn and main focus of the highly influential but low profile Santander Group. The Banco Santander is the largest establishment of its kind in the Eurozone as far as revenue is concerned so this should give you an idea.
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9. ING
ING Group is a multinational Dutch banking and financial services corporation whose headquarters are located in Amsterdam. It specializes in a wide array of services, including retail banking, asset management and insurance.
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8. China Construction Bank
The China Construction Bank is an overall massive player in the field which you can see in a lot of our lists on various other rankings. Although it is surrounded by a lot of controversy, the CCB continues to be a very powerful player on the market.
7. ICBC
Another company you can see a lot in our financially oriented list is the Industrial and Commercial Bank of China (or ICBC). It has been around since 1984 and for a relatively small amount of time, the company has made quite a name for itself.
6. Generali Group
The sixth position in the list of the 10 largest financial services companies by AUM goes the Generali Group – the largest insurance company in Italy and one of the largest of the “Old” continent.
5. BNP Paribas
This French banking giant is headquartered in Paris and has been in the game since 1848. Since then it has been stacking assets upon assets and expanding its operations on a worldwide scale.
4. AXA
Our fourth contender is also a French banking giant which goes by the humble “AXA”. The story of the name is quite peculiar, given the fact that is is specially chosen to be easy to remember and pronounce by people of any language. In the process of choosing a new name, “Elan” was the prime choice but it was turned down due to the word meaning “moose” in French.
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3. JPMorgan Chase
This US-based multinational financial services giant takes the third spot in our list. JPMorgan Chase is one of the four biggest banks in its home country (and one of the biggest worldwide). However, not many of you may know that it is also the 22nd oldest establishment of such sort in the world.
2. Allianz
Allianz takes the second spot by being the biggest insurance company in the world and one of the top three biggest companies globally ranked by pretty much anything. The German giant continues active expansion to this date.
1. Berkshire Hathaway
Berkshire Hathaway takes the crown in the list of the 10 largest financial services companies by AUM. This US financial services holding company is also the owner or owns a percent in a huge number of the brands you can recognize without thinking too much.
