The Largest Investment Consulting Firms

The Largest Investment Consulting Firms
Image Credit: Bloom Productions/DigitalVision/GettyImages

Sometimes, bigger is better, and that's often true in the world of finance since the largest investment firms can often afford to recruit the best employees. Investment consulting is about helping individuals with their investment goals, and knowing the largest investment firms in the United States and the world as well as the top retirement consulting firms can help you make sure you choose the right one. But is bigger always better when it comes to investment consulting?

Advertisement

What Is Investment Consulting?

Video of the Day

Investment consulting is a relatively broad term, and if you hire investment consulting services, the experts can customize their services to your needs. According to the U.S. Securities and Exchange Commission, like many other financial planners, investment consultants help people plan for retirement and afford other major expenses, like a college education or a home.

Advertisement

Video of the Day

Milliman explains that an investment consultant will primarily help you achieve these goals through investments. They'll help you choose all kinds of assets to help grow your wealth. They're experts in stocks, real estate, startups and other methods for investing your money now that will pay off in the future.

Advertisement

There are many different types of investment consulting firms, including retirement consulting, institutional investment consulting and asset management consulting firms. There are also consulting firms and consultants who advise individuals and families or companies and organizations. It's almost always a good idea to work with someone who specializes in your needs.

Advertisement

The Largest Investment Firms

There are many significant investment and consulting firms. One of the biggest investment firms in the world is BlackRock, which handles over $9 trillion. They're an international firm based in New York City. Another is the Vanguard Group, headquartered in Pennsylvania. Both deal primarily with ETFs, also known as exchange-traded funds.

Advertisement

Some of the more visible names in investment consulting are Morgan Stanley, Fidelity and JPMorgan Chase. All of these have relatively aggressive marketing campaigns aimed primarily at individual investors as opposed to a more business-based model. Some of the other large investment companies include UBS, a Swiss company that handles four major types of investments separately. Another large firm with some notoriety is Goldman Sachs.

Advertisement

Advertisement

Top Retirement Consulting Firms

All of these companies handle retirement consulting in some way even if they don't advise individuals directly. The companies with robust marketing offer many retirement services, including Morgan Stanley and UBS. Another recognizable name that owns retirement investing firms is Bank of America. In addition, some of the other top pension consulting firms are Mercer, KPMG, PWC, Deloitte, Grant Thornton, Baker Tilly and Oliver Wyman.

Advertisement

You shouldn't rule out local firms regarding retirement either, especially if you have modest or moderate wealth. These local community groups sometimes understand your needs better because they live in your community and know more about the specific area. It can also be good for your local economy to bank and invest close to home.

Advertisement

Is Bigger Always Better?

One size never fits all, which is true with investments and investment consulting companies. What company you use for your personal investment consulting is probably different from your employer's.

Advertisement

There are significant benefits to working with a large company. They have political and economic clout and access to the best minds in the business. Still, you likely won't get the kind of personalized service that you might get when working with a locally owned firm.

Where and how you invest is critical to your overall financial health, especially down the line. Making sure that you choose the right firm to advise you along the way can also give you peace of mind.

Advertisement

Advertisement

references