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Friday, February 5, 2021

The 14 Most Admired Fund Firms

News summary by MFWire's editors

At least 14 companies in the U.S. mutual fund business are among the 332 most admired companies in the world, according to a new list from a business magazine.

Mary Callahan Erdoes
J.P. Morgan
CEO of Asset and Wealth Management
This week, the Fortune team released their 2021 list of the World's Most Admired Companies. The 332 winners were whittled down from about 1,500 candidates via a revenue ranking screen and industry surveys.

J.P. Morgan Chase ranked 8th on the new list. BlackRock ranked 18th (up from 25th last year). Goldman Sachs ranked 26th (up from 27th). And Charles Schwab ranked 44th (down from 37th). (Only the top 50 companies were ranked.)

Outside the top 50, the list includes at least ten other fund firms (or parents of fund firms), including: Morgan Stanley, New York Life (parent of NYLIM), Northern Trust, Principal Financial, Prudential Financial (parent of PGIM), Raymond James (parent of Carillon Tower Advisers), Royal Bank of Canada (parent of RBC GAM), State Street (parent of SSGA), T. Rowe Price, and TIAA (parent of Nuveen). 

Edited by: Neil Anderson, Managing Editor

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