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)

Need a report that reflects how COVID-19 has impacted this market and its growth?

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

US Asset Management Industry - Size, Overview & Analysis Report (9) Need A Different Region Or Segment?

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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

US Asset Management Industry - Size, Overview & Analysis Report? ›

Asset Management Market Insights

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 market size of asset management? ›

Asset Management Market Insights

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 industry overview for asset management? ›

The asset management industry is an integral component of the broader financial system. Its sole purpose is to help investors achieve their financial goals. Also referred to as “investment managers” or the “buy-side,” asset managers are hired by investors to allocate capital on their behalf.

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

Industrial Asset Management Market - Global Opportunity Analysis and Industry Forecast (2022-2029) The Industrial Asset Management Market is projected to reach $14.4 billion by 2029, at a CAGR of 12.2% from 2022 to 2029.

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

BlackRock

What is the size of US asset management industry? ›

In 2023, the US Asset Management Market size was estimated at USD 39.22 trillion. 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 and 2028.

Is the asset management industry growing? ›

BOSTON—The global asset management industry bounced back in 2023. The industry's total assets under management (AuM) rose to nearly $120 trillion, an increase of 12% over 2022, a year that saw AuM plummet by 9%.

What are the three areas of asset management? ›

While the definition of asset management may differ from one organization to another, they can be vastly classified into three types: physical, financial, and contractual.

How many asset managers are there in the US? ›

Zippia's data science team found the following key facts about asset managers after extensive research and analysis: There are over 11,020 asset managers currently employed in the United States.

How much money is in the asset management industry? ›

The global asset management market size was USD 505.98 billion in 2023, accounted for USD 685.09 billion in 2024, and is expected to reach around USD 10,478.93 billion by 2033, expanding at a CAGR of 35.4% from 2024 to 2033.

How do you measure the size of an industry? ›

Use the market size calculation formula (number of target users x purchases expected in a given period of time = market size or volume) to better understand your target market potential.

How big is the alternative asset management industry? ›

Alternative investments represent 12% of India's AUM, while globally, they make up 17%. As of March 2023, SEBI reports the AIF sector's industry size in India is Rs 8.3 trillion. Anup Maheshwari from 360 ONE notes that alternatives are the fastest-growing segment in AUM, with a 24% compound growth rate.

How big is BlackRock asset management? ›

As of the first quarter of 2024, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 10.5 trillion U.S. dollars. This compares to 8.59 trillion U.S. dollars of AUM as of 2022. The total assets under management of BlackRock Inc.

Who are the big three asset managers? ›

Crucially, this large and growing industry is dominated by just three asset management firms: BlackRock, Vanguard, and State Street. In recent years they acquired significant shareholdings in thousands of publicly listed corporations both in the United States and internationally.

What is the richest asset management company in the world? ›

BlackRock
Headquarters at 50 Hudson Yards, New York City
Net incomeUS$5.502 billion (2023)
AUMUS$10.43 trillion (2023)
Total assetsUS$123.2 billion (2023)
Total equityUS$39.35 billion (2023)
17 more rows

Who is the number one asset manager in the world? ›

BlackRock remains the world's largest asset manager overall.

How much is the asset management industry worth? ›

The global asset management market size was USD 505.98 billion in 2023, accounted for USD 685.09 billion in 2024, and is expected to reach around USD 10,478.93 billion by 2033, expanding at a CAGR of 35.4% from 2024 to 2033.

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

The global Asset Management Software market size was valued at USD 5180.84 million in 2024 and is expected to expand at a CAGR of 8.39% during the forecast period, reaching USD 8399.15 million by 2032.

How big is the MDM market? ›

The global mobile device management market size was valued at $6.9 billion in 2022 and the MDM industry is projected to reach $22.0 billion by 2027, growing at a CAGR of 26.1% from 2022 to 2027.

What is the market size of data asset management? ›

The global Digital Asset Management Market size is expected to grow from USD 3.96 billion in 2023 to USD 16.18 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 17% during the forecast period.

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