Largest U.S. Publicly Traded Asset Managers by Revenue Per Employee and Revenue—2020

 

Firm	Revenue	Employees	Revenue Per Employee
BlackRock	$16,205 million	16,500	$982,121
T. Rowe Price Group	$6,207 million	7,678	$808,375
Invesco	$6,146 million	8,512	$721,992
Blackstone Group	$6,102 million	3,165	$1,927,939
Franklin Resources (fiscal year ended September 2020)	$5,567 million	11,800	$471,737
KKR & Co.	$4,231 million	1,583	$2,672,704
AllianceBernstein	$3,724 million	3,929	$947,871
Carlyle Group	$2,935 million	1,825	$1,608,000
Affiliated Managers Group	$2,378 million	3,900	$609,846
Apollo Global Management	$2,354 million	1,729	$1,361,492
Janus Henderson Group	$2,299 million	2,000	$1,149,300
Ares Management	$1,764 million	1,450	$1,216,583
Eaton Vance (fiscal year ended October 2020)	$1,730 million	1,983	$872,600
Federated Hermes	$1,448 million	1,986	$729,239
Focus Financial Partners	$1,361 million	3,600	$378,144
Waddell & Reed	$1,049 million	1,116	$940,409
Artisan Partners	$900 million	453	$1,985,872
Sculptor Capital Management	$897 million	351	$2,555,613
Victory Capital Holdings	$775 million	429	$1,807,345
BrightSphere Investment Group	$719 million	800	$898,125
Virtus Investment Partners	$604 million	581	$1,039,408
StepStone	$447 million	560	$797,520
GCM Grosvenor	$430 million	492	$873,945
Cohen & Steers	$428 million	347	$1,232,092
Hamilton Lane (fiscal year ended March 2021)	$342 million	450	$759,189
Gamco Investors	$260 million	178	$1,459,135
WisdomTree Investments	$254 million	217	$1,169,120
Pzena Investment Management	$139 million	121	$1,145,612
Manning & Napier	$127 million	276	$460,268
Diamond Hill Investment Group	$126 million	126	$1,003,079
Silvercrest Asset Management Group	$108 million	145	$744,710

Notes: This list includes all publicly traded U.S. asset managers with annual revenue of over $100 million, 31 firms in total. Data for all firms is for calendar year 2020, unless otherwise indicated.
Sources: SEC filings, CL-Media Relations, LLC.