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Top Global Wealth Management And Advisory Companies In The World For 2020

As the number of high net-worth individuals (HNWIs), very-high-net-worth individuals (VHNWIs), ultra-high-net-worth individuals (UHNWIs), and affluent investors have continued to grow, the private wealth management industry had a strong year in 2019-20. The 25 top global wealth management firms companies $22.2 trillion in client assets at the end of 2018. The study is based on responses from 12,000 customers of 100 of the biggest global wealth management and advisory companies in the world for 2020, according to CEOWORLD magazine’s latest annual satisfaction survey. Wealth management and advisory companies are ranked based on overall customer satisfaction.

Not surprisingly, Bank of America Private Bank continues its long run as the largest provider of wealth management services to the world’s wealthiest, most influential individuals and families — but Morgan Stanley’s Private Wealth Management group is narrowing the gap between No. 1 and No. 2. Banking giant Morgan Stanley has acquired Canada-based Solium Capital last February for $900 million in cash, expanding its wealth management capabilities. The two wealth management firms are a league unto themselves. These are the leading wealth firms – manage many Trillions of Dollars in Assets.

Top global wealth management and advisory companies in the world for 2020

RankWealth Management Firm
1Bank of America Private Bank
2Morgan Stanley's Private Wealth Management group
3UBS Wealth Management
4Credit Suisse
5J.P.Morgan Private Bank
6Citi Private Bank
7BNP Paribas Wealth Management
8Private Wealth Management at Goldman Sachs
9Wealth management at Julius Baer
10Deutsche Bank Wealth Management
11Northern Trust Asset Management
12China Merchants Bank’s FI Wealth Management
13HSBC Private Bank
14Wells Fargo Private Bank
15Industrial and Commercial Bank of China’s ICBC Private Banking
16Edward Jones
17Raymond James Wealth Management
18Ameriprise Wealth Management
19Barclays Wealth Management
20Pictet Group
21Royal Bank of Canada’s RBC Wealth Management
22Bank of Montreal’s BMO Wealth Management
23BNY Mellon Wealth Management
24Nomura Wealth Management
25Lombard Odier’s Private Bank
26Stifel
27Daiwa Asset Management

Note: All the contents and rankings stated above are for your reference only. Neither CEOWORLD magazine nor any of its affiliates or advisors provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.


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Sophie Ireland
Sophie is the Research Editor at CEOWORLD magazine. She is based in the company’s New York office. Sophie has worked as a reputation advisor to nearly 250 global CEOs, 3,200 other C-Suite executives, and high net worth individuals for over 9 years. She joined CEOWORLD magazine as a Research Analyst, conducting comprehensive research using both open-source intelligence and premium resources, as well as enhanced due diligence, compliance, and risk assessment, and financial analysis and complex valuations. As a nonpartisan consultant to global business executives, business leaders, and think tanks, she focuses on economics and public policy issues. Her passion is explaining complex economic issues for the layman. She can be reached on email sophie@ceoworld.biz