The Biggest Wealth Managers: Who's on Top?

Published July 9, 2015 11:33 AM

|

Updated July 9, 2015 4:40 PM

1 Min Read

Assets under management have surged for some of the biggest U.S. wealth managers, according to the latest data compiled by Scorpio Partnership for this year's report on global private banking. While J.P. Morgan and Goldman Sachs both enjoyed double-digit increases, the average growth rate among the top 10 U.S. wealth managers was 7.1%, compared with 3.4% among 200 global banks.

Following are the biggest U.S. wealth managers in private banking ranked by 2014 AUM along with percentage increase over 2013. Click through or view as a single page version here.

Citi's year-over-year percentage increase is listed as N/A because it changed the scope of its submission to a Scorpio study from the previous year.

MORE FROM FINANCIAL PLANNING

Know Your Niche

The $500M RIA that took off by microtargeting clients

Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.

By Brian Wallheimer
Editor-in-chief

May 22
Wealth management

Private business, even more confidential fees: The cost of Fidelity custody

Fidelity Institutional Wealth Management Services faces competitive threats in an era of ETFs and multicustodian advisory practices. But it has big advantages.

By Tobias Salinger
Chief Correspondent

May 21
Social Security

Bipartisan plan to fund Social Security with stocks has fatal flaw, researchers say

A bipartisan proposal to create a 75-year sovereign wealth fund for Social Security is not promising, according to Boston College researchers.

By Zoe Sagalow
Reporter

May 21
Technology

Clients put advisors on notice about sneaky AI use

According to a recent survey by Janus Henderson, 79% of clients said they would be upset to learn an advisor used AI without telling them.

By Grace L. Williams
Reporter

May 21
Technology

FIS, InvestCloud aim to help advisors connect with younger clients

FIS regularly hears from RIAs and banks with wealth management departments about the need to have better mobile apps and other digital doorways to their services. A new partnership with InvestCloud is designed to provide just that.

By Dan Shaw
Reporter

May 20
Industry News

An industry maverick's latest plan to draw advisors from the giants

Bill Hamm's Independent Financial Partners took a rare step in 2019 when the firm left LPL to launch its own brokerage. Now it's offering an interesting recruiting pitch to financial advisors.

By Tobias Salinger
Chief Correspondent

May 20

Load More