Top 5 Asset Management Picks for 2014

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Asset management as an industry has done well the past few years. Going into 2014, my picks are Evergreen, JP Morgan, Lazard, Covestor and Merrill Lynch.

Asset management as an industry has done well the past few years. Going into 2014, my picks are Evergreen, JP Morgan, Lazard, Covestor and Merrill Lynch.

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  • 1. PROFILES OF TOP 5 ASSET MANAGEMENT FIRMS
  • 2. WHAT IS ASSET MANAGEMENT?  As defined by Wikipedia, asset management is “…a systematic process of operating, maintaining, upgrading, and disposing of assets costeffectively.”
  • 3. MY TOP 5 PICKS FOR ASSET MANAGEMENT 1. Evergreen Asset Management 2. JP Morgan Chase 3. Merrill Lynch 4. Lazard 5. Covestor
  • 4. Profile Founded: 1988 CEO: John Voigt Headquarters: Gig Harbor, Washington Relatively young but experienced asset management firm, one of the leaders in the field in the Puget Sound area.  Promotes itself as a broad asset management business capable of running products and services for multiple industries.  Official Title Sponsor of Race For A Soldier in 2013. 
  • 5. Profile Founded: 1871 CEO: Jamie Dimon Headquarters: New York, New York Several dozen offices world wide in Pacific Asia, North America and Europe.  One of the largest asset management firms in the world, managing an estimated $1.5 trillion.  Recently celebrated 25 years of asset management presence in Germany. 
  • 6. Profile Founded: 1914 CEO: Brian Moynihan Headquarters: New York, New York Wealth management division for Bank of America, occupies the entire Four Worlds Financial Center building.  Acquired by Bank of America in 2008 after being publicly traded for decades.  Manages over $2,2 trillion in client assets. 
  • 7. Profile Founded: 1848 CEO: Kenneth Jacobs Headquarters: New York, New York Total assets under management estimated to be roughly $163 billion.  Founded by three French brothers as a dry goods merchandise store that expanded into banking.  Recently reported one of their strongest quarters ever for 4Q 2013. 
  • 8. Profile Founded: 2006 CEO: Asheesh Advani Headquarters: Boston, Massachusetts A modern, online investment management platform that provides everyday investors to managed account services.  Allows investors to mirror their trades with a selected portfolio manager with a compatible strategy. 