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Saturday, August 8, 2020

Stats Gate

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
28LPL Financial
29BlackRock
30State Street Global Advisors
31Fidelity
32Capital Group
33PIMCO
34Creative Planning
35HighTower Advisors
36Chevy Chase Trust
37Oxford Financial Group
38Canterbury Consulting
39Comprehensive Financial Management
40Comprehensive Financial Management
41Plante Moran Financial Advisors
42Ehrenkranz Partners
43Shepherd Kaplan Krochuk
44KLS Professional Advisors Group, LLC
45Mercer Global Advisors Inc
46Buckingham Strategic Wealth
47myCIO Wealth Partners, LLC
48Beacon Pointe Advisors
49Convergent Wealth Management
50Innovest Portfolio Solutions
51Mariner Wealth Advisors
52Brownson, Rehmus & Foxworth Inc
53Douglas C. Lane & Associates
54Mason Investment Advisory Services
55Presidio Capital Advisors LLC
56Cornerstone Advisors Asset Management
57Cerity Partners
58Clarfeld
59Avalon Advisors LLC
60Loring, Wolcott & Coolidge
61Baker Street Advisors

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 Ireland

Contributors Editor
Sophie Ireland is the Contributors Editor at for CEOWORLD magazine, where she covers hiring trends, money, the future of work, and lists and rankings, and all things related to professional success for readers. She has ten years of experience in research, spanning market research, data analytics, macroeconomics, and financial services. She can be reached on email sophie-ireland@ceoworld.biz. You can follow her on Twitter at @ceoworld.