20 Biggest Publicly Traded Asset Managers

17. Ameriprise Financial, Inc. (NYSE:AMP)

AUM: $1.5 trillion

Number of Hedge Fund Holders: 52

Ameriprise Financial, Inc. (NYSE:AMP) ranks among the biggest publicly traded asset managers. On January 29, Ameriprise Financial, Inc. (NYSE:AMP) posted its fourth-quarter earnings results, with adjusted earnings per share of $10.83, exceeding market expectations of $10.30, owing to robust asset growth and expense management. At the same time, revenue for the quarter came in at $4.96 billion, beating the average forecast of $4.77 billion, representing a 10% year-over-year growth.

The company’s Advice & Wealth Management division reported pretax adjusted operating earnings of $926 million, a 13% increase with an overall margin of 29.3%. Meanwhile, total client assets rose by 13% to a new high of $1.2 trillion, with robust client flows of $13.3 billion.

Moreover, during the quarter, the company strengthened its capacity to generate free cash flow by raising its return of capital to shareholders to $1.1 billion, or 101% of adjusted operating earnings.

Ameriprise Financial, Inc. (NYSE:AMP) is a diversified financial services firm based in Minneapolis, Minnesota, founded in 1894. It offers wealth and asset management, financial planning, insurance, and annuity services to individuals, institutions, and businesses worldwide.