Fidelity Investments is one of the largest and most reputable investment management companies in the world. In 2020, Forbes recognized Fidelity as one of the top investment firms based on factors like assets under management, revenue, and brand value. However, Fidelity is not alone at the top – several other major firms also made the list, including The Vanguard Group, BlackRock, and Charles Schwab. This article provides an overview of these leading fidelity investments and asset management companies as of 2020 according to Forbes rankings.
Fidelity Was the Top-Ranked Investment Firm in 2020
Fidelity Investments topped the 2020 Forbes ranking of the world’s largest investment firms, marking its 13th consecutive year in the top spot. As of 2020, Fidelity managed over $3.3 trillion in assets and generated more than $20 billion in revenue annually. The firm offers investment products like mutual funds, ETFs, stocks, bonds, 529 plans, and more to over 30 million individual investors and 23,000 institutions. Fidelity is best known for its extensive mutual fund offerings, low-cost index funds, and top-rated online trading platforms. The company’s solid investment performance, brand recognition, high client satisfaction and continued growth have cemented its position as an industry leader.
Vanguard and BlackRock Also Ranked Highly
Two other powerhouse investment firms, The Vanguard Group and BlackRock, rounded out the top three spots on the 2020 Forbes list. Vanguard managed over $6.2 trillion in global assets under management, making it one of the world’s largest investment companies. The firm is best known for pioneering low-cost index investing for individual investors. BlackRock managed nearly $7.4 trillion in assets, focusing primarily on institutional investors. The company is a market leader in index funds, ETFs, risk management, and investment technology solutions. Both Vanguard and BlackRock have benefited from investors increasingly embracing passive investment strategies over the past decade.
Charles Schwab and JPMorgan Also Notable Investment Leaders
Charles Schwab and JPMorgan Chase also ranked among the top investment firms in 2020 according to Forbes. Charles Schwab managed over $3.7 trillion in client assets, providing trading, banking, advisory and other financial services to millions of individual investors. The company has grown rapidly over the past decade thanks to competitive pricing, excellent customer service and user-friendly digital tools. JPMorgan Chase came in fifth on the Forbes ranking, overseeing nearly $2.7 trillion in assets. The banking giant provides investment products and services to retail and institutional clients. JPMorgan stands out for its strong performance across most asset classes, cutting-edge technology, and reputation for solid risk management practices.
In 2020, Fidelity Investments topped the ranking of the world’s largest investment firms published by Forbes, followed closely by Vanguard, BlackRock, Charles Schwab and JPMorgan Chase. These leading firms have garnered trillions in assets under management thanks to their history of investment performance, innovation, customer service and brand strength. For investors looking for established, reputable firms to invest their money, Fidelity investments and other major players represent some of the top options.