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Wednesday, February 9, 2022

The 16 Most Admired Fund Firms Are ...

News summary by MFWire's editors

At least 16 companies in the U.S. mutual fund business are among the 333 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
The Fortune team recently released their 2022 list of the World's Most Admired Companies. The 333 winners were whittled down from about 1,500 candidates via a revenue ranking screen and industry surveys, with help from longtime Fortune ally Korn Ferry.

Only the top 50 companies on the list are ranked, and four companies that are U.S. asset managers (or have U.S. asset management arms) made the top 50 this year. They are: J.P. Morgan at 10th (down from 8th last year); BlackRock at 20th (down from 18th); Goldman Sachs at 21st (up from 26th); and Charles Schwab at 47th (down from 44th).

Other firms in the U.S. mutual fund business that made it to this year's list include: BNY Mellon, Morgan Stanley, New York Life, Northern Trust, T. Rowe Price, Principal Financial, Prudential Financial (parent of PGIM), Raymond James Financial (parent of Carillon Tower), RBC, State Street (parent of SSGA), TIAA (parent of Nuveen), and UBS.

At least eight companies in the U.S. retirement plan recordkeeping business also made the list, as highlighted by 401kWire, MFWire's sister publication. 

Edited by: Neil Anderson, Managing Editor

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