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Thursday, February 18, 2021

The 14 Best Fund Firms For Their Employees

News summary by MFWire's editors

14 firms in the mutual fund business (either directly or through subsidiaries) are among the best employers in the country, according to a pair of new lists from a national magazine.

Ryan Timothy Robson
Edward Jones / Olive Street Investment Advisers, LLC
Principal, Client Strategy Group / President
Last week, the folks at Forbes unveiled their 2021 lists of "America's Best Large Employers" and "America's Best Mid-Size Employers". The first list includes at least eleven fund firms, while the second includes at least three. (The first list also includes several retirement plan recordkeepers, as highlighted by 401kWire, our sister publication. Some of those recordkeepers should be familiar as they're also mutual fund firms.)

Edward Jones, parent of Bridge Builder, ranks 132nd on the publication's best large employers list, ahead of the other large firms in the mutual fund business. Other fund firms on the list include: JPMorgan Chase, 137th; Charles Schwab, 190th; Ameriprise, parent of Columbia Threadneedle, 200th; Vanguard, 237th; Goldman Sachs, 249th; Fidelity, 250th; Raymond James, parent of Carillon Tower Advisers, 268th; Morgan Stanley, 328th; Prudential, parent of PGIM, 400th; and Nationwide, 409th.

As for mid-size employers, the list includes: Baird, 44th; AMG, 260th; and Thrivent, 436th.

Both lists (500 companies each) draw on a Statista survey of 50,000 Americans who work with companies with at least 1,000 employees each.

Editor's Note: A prior version of this story mistakenly left out one of the recordkeepers recognized by Forbes. 

Edited by: Neil Anderson, Managing Editor

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