Wealth management firms are designed to help those who possess assets keep them profitable. The super wealthy use wealth management firms to manage their significant wealth. Even those who haven’t as much wealth use these firms on occasion to help them turn their money into more money by investing their assets wisely. These firms employ educated, smart individuals that excel at their jobs and help grow the wealth of those for whom they work. If you’re looking for the best wealth management firm, look no further than one of these.
UBS Wealth Management
This the fifth most profitable wealth management company based on assets managed. The firm does not require that investors come in with a minimum deposit. In terms of client assets, UBS Wealth Management client assets are worth $357.3 billion. This amount is almost a billion and a half more than the sixth wealthiest client-based firm.
Wells Fargo
With client assets worth $420 billion, Wells Fargo is one of the most successful wealth management companies in the world. With more than 15,300 wealth managers and more than 1,400 office locations in the US alone, this company has assets far outweighing mucho f the competition.
JP Morgan
JP Morgan is close to the top because of their strict client requirements. They wouldn’t have more than $557 billion in client assets if they did not require a $5 million minimum account. The firm has 75 offices in the US and each financial advisor has 27 clients and a total of almost 1,600 wealth managers.
Morgan Stanley Smith Barney
There are more than 676 offices in the United States and a total of more than 16,300 wealth managers employed here. Morgan Stanley Smith Barney boasts client assets of more than $780 billion, making it the second most successful company in the country.
Bank of American Global Wealth and Investment Management
With $960 billion in client assets available, Bank of America is the most successful wealth management company in the country. There are just under 20,000 wealth managers employed by Bank of America and more than 800 offices located throughout the country.
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