10 Best Asset Management Firms To Work For 2023

Filed in Articles by on October 21, 2022 0 Comments
Asset Management Firms

If you desire to work in any capacity in an asset management firm or perhaps you want to pursue a career in asset management but you don’t know what firm you can work for to effectively maximize your skill. Relax we’ve got you covered!

In this article we shall be unveiling the best asset management firms you can work for. However, you may want to consider what asset management and asset management firms are all about?  What are the career opportunities in asset management? Who an asset manager is? The requirements and skills needed to work as an asset manager, the duties/responsibilities involved, the importance and finally the list of asset management firms you can work for. Stay tuned for more information.

What is Asset Management?

Asset management can simply be seen as the process of wealth management, which involves the developing, managing, maintaining, operating, as well as the selling of assets that are owned by clients which could either be an individual or by other entities in the most lucrative and profitable way possible.

What is an Asset Management Firm?

Asset management firms are firms that specialize in creating asset portfolios for clients and are also responsible for maximizing returns and mitigate risk in the total wealth of client’s overtime through acquiring, developing, operating, maintaining, and trading investor’s capital which are directed into well-defined investments such as: Stocks, Bonds, Commodities, Real estate, Futures, Derivatives, Equities and other mutual funds with the sole aim of making profit.

What are the career opportunities in Asset Management Field?

If you are considering venturing into asset management, or you want to pursue a career in this field, here are the careers opportunities you can specialize in this include:

  • Investment broker
  • Asset manager
  • Financial analyst
  • Research analyst
  • Market Research Analyst
  • Private Equity Specialist
  • Credit Analyst
    NAV Fund Accountant
  • Equity or Debt Dealer
  • Financial advisor

Who is an Asset Manager?

An asset manager is a professional that is responsible for creating, designing, overseeing, and rebalancing clients portfolios as well as reporting any changes through the utilization of various business software, applications, and infrastructure in making decisions on behalf of their clients in order to achieve their financial goals and enhance growth.

Requirement needed to work as an Asset Manager

There are several requirements that qualify you to work in an asset management firm. They include the following:

  • Academic qualifications (Bachelor’s degree in business, finance or related field)
  • Work experience/internships
  • MBA preferred
  • Strong financial background with knowledge of real estate
  • Sound computer knowledge and proficient in Microsoft Suite
  • Ability to work in team spirit
  • Extremely organized and detail-oriented
  • Results-driven

Skills needed to work in an Asset Management Firm

Skills required in the field of access management to function efficiently include the following:

  • Sound strategic and analytical skills
  • Highly skilled in math and finance
  • Excellent communication skills both orally and written
  • Strong time-management skills
  • Detail oriented and highly organized.
  • Negotiation and project management skill
  • An excellent critical thinking skill
  • Asset valuation
  • Multitasking ability

Duties/responsibilities that is attached to Asset Management Field

There are several responsibilities that is expected to be executed by professional in this field they include:

  • They are responsible for creating, organizing, overseeing, and maintaining client’s portfolio
  • They manage client’s assets
  • They are responsible for managing cash flow and physical assets such as property and real estate
  • Professionals in asset management works to administer risk analysis surveys in establishing their risk profile
  • They access and manage risks associated with current assets
  • They conduct extensive market to determine investment options
  • They offer advice to clients on the necessary actions to take with their assets
  • They work to ensure the maximization of returns while minimizing losses on assets and investments
  • They study the market patterns and trends to choose investments accordingly
  • They are also responsible for the negotiation of lease and property renewal contracts

Importance/benefits of Asset Management Firms

The benefits and importance you can derive from an asset management firm include the following:

  • Asset management firms help clients to identify and manage risks
  • They assist in improving compliance
  • They improve acquisition and usage
  • Asset management firms are also important because they help to give assurance and endorsement of amortization rates
  • It also helps clients (individual, companies or other entities) to keep track of their assets
  • Asset management firms enables easier management of risk

Know that we are well acquainted with asset management firm, their importance, skill required, duties and what they represent lets dive into the part you have being waiting for which is the list of asset management firms to work for in no particular order. Keep reading to discover the most suitable choice to work for.

Best Asset Management Firms To Work For

1. Vanguard

Vanguard among the best asset management firms to work for is a financial institute that provides mutual funds, IRAs, ETfs, and retirement plans. Vanguard which was founded since over five decades ago, has offered the first index complimentary fund, endorses a commission free distribution system as well as internalized fixed income management. Due to this growth, Vanguard according to SWFI has an AUM of $8.5 trillion.

2. The Capital Group Cos. Inc

Since 1968, the Capital Group Cos. Inc has being one of the asset management firms that has been managing institutional assets. The firm has steadily developed through periods of prosperity and uncertainty including times of market bubbles and declines. Due to that effect the firm according to SWFI has an AUM of $3.1 trillion.

3. Fidelity Management & Research

Fidelity Management & Research which is one of the best asset management firms to work for that offers mutual funds and services in wealth management to individuals and other entities. Fidelity Management & Research, according to SWFI has $3.69 trillion worth of assets under management.

4. Wellington Management Company

One of the world’s leading independent asset managers is Wellington Management Company. The firm which was founded in 1928 has stretched out to many international and Asian financial hubs and provides its clients with both local and global knowledge expertise. Wellington Management Company had AUM of $1.4 trillion as of December 2021.

5. Franklin Resources, Inc. (NYSE:BEN)

Franklin Resources, Inc. (NYSE:BEN) with an AUM of $1.5 trillion is a world renowned investment organization among the best asset management firms to work for, that has subsidiaries operating as Franklin Templeton. The firm has over 1,300 investment experts and renders services to clients in more than 155 countries. Franklin Resources, Inc. (NYSE:BEN) provides extensive competence in fixed income, equities, including substitutes and multi-assets solutions.

6. Morgan Stanley

Morgan Stanley is an asset management firm that specialize mobilizing capitals to assist governments, corporations, institutions and individuals around the world achieve their financial goals. The firm has earned a rarely matched reputation of utilizing innovative thinking to tackle complicated issues for over 85 years.

 The firm also has been dedicate and committed to maintaining a first-class service, leading with exceptional ideas, putting clients first, diversity and inclusion, doing the right thing, giving back, and a high standard of excellence which as always defined the firm.

Morgan Stanley with more than 70,000 employees in 1,200 offices across 41 countries has consistently break new grounds in serving, advising and providing new opportunities for its clients. It has an AUM of $1.4 trillion.

7. Amundi

Also on our list of the best asset management firm to work for is Amundi. It is known to be a leading asset manager in the European Union, which has an AUM of $2.14 trillion in 2021. Amundi, as an investment manager has been a exceptional in responsible investment and in dedication to environmental, societal and governance investing.

8. T. Rowe Price Group, Inc. (NASDAQ:TROW)

T. Rowe Price Group, Inc. (NASDAQ:TROW) is known to be a global investment firm that offers a wide range of services such as mutual fund, sub advisory services, and separate account management to their clients which could either individuals and institutional investors. T. Rowe Price Group, Inc. (NASDAQ:TROW), as of December 2021 had $1.69 trillion as the AUM.

9. Invesco Ltd. (NYSE:IVZ)

Also among the list of the best asset management firms to work for is Invesco Ltd. (NYSE:IVZ), which is a global firm that provides several set of investment mechanisms across prime equity, alternative asset classes and fixed-income. Invesco Ltd. (NYSE:IVZ) as of 30th June 2022, had an AUM of $1.39 trillion.

10. DWS

DWS with more than 60 years of experience is with no doubt one of the world’s leading asset management firm to consider. The firm with an estimate of 3,600 employees around the globe and allows individuals and institutions access to their firm investment potentials across all major liquid and non-cash asset classes. The AUM of this company in 2021 was $1.02 trillion.

Conclusion

You can’t go wrong in pursuing a career in the field of asset management. If you desire to work in any capacity in this field, the list of the best asset management firms to work for will aid you in making the best choice of the asset management firm to consider that will assist you to thrive in this career path.

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