Like all other major economies of the globe, the US economy is also expected to slow down in the current and the next fiscal. It is forecasted to decrease further in 2021 and 2022, although the downslide figures will be negligible.
Investment firms at this point in time play a very crucial and important part in planning the financial portfolio of an individual so that in case of the downward trend of the economic slowdown, a common man doesn’t suffer much.
Best Investment Companies
Some of the most reputed investment firms are situated in America with almost majority of them having global operations.
10.Northern Trust –
Based at Chicago, Northern Trust Corporation, as it is also known as, is one of the oldest banking corporations in operation in the country. The clients list of Northern Trust includes big corporations, institutional investors and ultra rich persons whose net worth is enormous.
The corporation has primarily three main sub divisions under it namely Wealth management division, Northern Trust Asset Management Division and corporate and institutional services division.
The company has offices in the USA and Canada and in many parts of Europe also
9. Goldman Sachs –
Established more than 150 years ago in Manhattan, New York, Goldman Sachs investment bank is one of the most well known investment corporations both in the USA as well as internationally.
It is one of the largest investment banking corporations globally and manages asset management, consumers and wealth management, securities underwriting, prime brokerage, global market operations and analysis apart and its core business of investment management.
. The firm also has its own private equity wing. The firm also regularly undertakes a whole lot of CSR activities like conservation of forests and communities and helping in saving the environment.
8. Fidelity –
Founded in 1946 at Boston, the full name of the firm is Fidelity Management and Research or FMR. Fidelity is one of the biggest asset management firms of the globe now.
Apart from operations in the USA, it also has offices in Canada, Hong Kong and Tokyo. The firm has divisions like mutual funds, brokerage, benefit outsourcing and provides financial planning for the just retired personnel.
The firm is more famous for index funds and planning of wealth management for the latest trend, crypto currency.
7. Vanguard Group –
Based at Pennsylvania since its formation in 1975, Vanguard group is the largest provider of mutual funds in the world.
Globally it is the second largest provider of ETF or Exchange traded funds. Apart from these two credentials in its kitty, Vanguard also looks after variable and fixed annuities, educational account service financial planning and asset management.
Some of the best performed mutual funds in the USA are effectively managed by the Vanguard group.
6. Charles Schwab –
The San Francisco based corporation was established in 1971 and is the 14th largest banks and one of the largest brokerage firms of the USA . It has operations in London and Puerto Rico and has 345 branches all over the USA.
Charles Schwab is one of the most aggressive marketers and is on air regularly through advertisements on the TV. To trade preferred stocks, future contracts, ETF mutual funds etc. Schwab offers a broad electronic trading option regarding which the customers are very happy..
As a part of its CSR initiative, Charles Schwab operates and has initiated a successful donor advised fund where the name of the donor is not at all mentioned.
5. UBS –
Formerly known as Union Bank Of Switzerland till 1998, UBS Investment Bank is a Zurich based organisation founded in 1862. It is one of the largest Swiss banks in the world and also one of the major banks in North America.
The major areas where UBS is excelling are Asset Management, global wealth management, personal and corporate banking and investment banking. UBS is also globally famed for keeping banking secrecy and operating underground bunkers and vaults for stashing undisclosed valuable assets like gold.
It is one of the leading sponsors of internationally famous sports tournaments in golf, athletics, rugby and formula 1 car racing.
It has also sponsored London Symphony Orchestra and Locarno International Film Festival in the past.
4. Wells Fargo –
Based at San Francisco, Wells Fargo is ranked fourth largest globally amongst all banks with regards to market capitalization. Its branches are based throughout the USA and at all major financial destinations of the world viz London, Tokyo, Hong Kong and Singapore.
The services the firm is giving varies from banking, credit card service, asset management, insurance services, foreign exchange services, options trading, wealth management and a host of other options.
Apart from this the firm operates 12 museums called Wells Fargo History Museum. It is also the lead banker to the National Rifle Association in USA.
3. J P Morgan –
The sixth largest bank in the world in terms of total assets is JP Morgan. Previously known as Bank of Manhattan it was formed in 1799.
J P Morgan has some of the best financial products in the USA notable amongst them are asset allocation and management, hedge funds management, foreign exchange market operations, currency exchange, investment management and portfolio management, mobile and digital banking, wealth management and wholesale mortgage lending and funding.
In sports J P Morgan sponsors the major football leagues and had been sponsors of some premium teams in the NBA championships
2. Morgan Stanley –
Headquartered at Midtown, Manhattan New York, the firm was established in 1935. The key areas where Morgan Stanley operates are investment banking and management, commodities trading, wealth management and prime brokerage.
The firm has to its credit some of the most prestigious awards given by the financial fraternity notable amongst them are the Time magazine, Essence magazine and the Family Digest.
The operations of the group are divided into three major SBUs like – Institutional Securities group, Wealth management group and the Investment Management group. Some of the best brains in the financial and investment management sectors in the world have been from Morgan Stanley.
1. Bank Of America –
Headquartered at North Carolina, Bank of America in order to serve its customers more effectively has central administrative hubs at Hong Kong, London, New York Toronto and Minneapolis.
One of the giant organizations not only of the USA but also globally, the products it offers to its customers are consumer and corporate banking, investment management and global banking, private banking, global wealth management, mortgage loan and private equity.
Bank of America’s offices in the USA are situated in majestic skyscraper buildings and towers of the country each of them an architectural marvel.