undamentalytics Newsletter

Asset Management & Custody Banks stocks

57 US-listed companies in asset management & custody banks, with $213.2bn of combined revenue in their latest fiscal years. Apollo Global Management is the largest ($32.0bn). The fastest grower with at least $100m of revenue in both years is Abacus Global Management, Inc., up 110.2%. The median company grew 8.1% with a net margin of 19.9%.

Companies57
Combined revenue$213.2bn
Median revenue growth8.1%
Median net margin19.9%
Median return on equity13.5%
#CompanyRevenueGrowthNet marginROEFiscal year
1 Apollo Global ManagementAPO $32.0bn 22.7% 10.9% 17.2% 2025
2 BlackRockBLK $24.2bn 89.3% 22.9% 10.7% 2025
3 BNY MellonBNY $20.1bn 7.8% 27.6% 13.0% 2025
4 KKR & Co.KKR $19.5bn −11.0% 12.2% 8.7% 2025
5 Ameriprise FinancialAMP $18.9bn 5.5% 18.8% 60.5% 2025
6 Blackstone Inc.BX $14.5bn 9.2% 20.9% 35.8% 2025
7 State Street CorporationSTT $13.9bn 7.3% 21.1% 11.1% 2025
8 Franklin ResourcesBEN $8.8bn 3.5% 6.0% 4.3% 2025
9 Northern TrustNTRS $8.1bn −2.5% 21.5% 13.5% 2025
10 T. Rowe PriceTROW $7.3bn 3.1% 28.5% 19.7% 2025
11 InvescoIVZ $6.4bn 5.1% −11.4% −5.4% 2025
12 Brookfield Asset Management Ltd.BAM $4.8bn 21.0% 49.8% 27.2% 2025
13 Carlyle Group Inc.CG $4.8bn −11.9% 16.9% 12.1% 2025
14 Ares ManagementARES $4.8bn 28.9% 11.1% 13.5% 2025
15 TPG Inc.TPG $4.7bn 33.4% 4.0% 4.8% 2025
16 Blue OWL Capital Inc.OWL $2.9bn 25.0% 2.7% 3.6% 2025
17 SEI Investments CoSEIC $2.3bn 8.1% 31.1% 30.4% 2025
18 Affiliated Managers Group, Inc.AMG $2.1bn 1.6% 34.5% 21.8% 2025
19 Stepstone Group Inc.STEP $2.0bn 69.7% −26.9% — 2026
20 Federated Hermes, Inc.FHI $1.8bn 10.3% 22.4% 35.2% 2025
21 Victory Capital Holdings, Inc.VCTR $1.3bn 46.2% 25.3% 18.6% 2025
22 Artisan Partners Asset Management Inc.APAM $1.2bn 7.6% 24.3% 70.1% 2025
23 Virtus Investment Partners, Inc.VRTS $853m −6.0% 16.2% 15.1% 2025
24 Hamilton Lane IncHLNE $759m 6.5% 32.8% 30.5% 2026
25 Acadian Asset Management Inc.AAMI $564m 11.5% 14.2% — 2025
26 GCM Grosvenor Inc.GCMG $558m 8.5% 8.1% — 2025
27 Cohen & Steers, Inc.CNS $556m 7.5% 27.6% 28.5% 2025
28 Wisdomtree, Inc.WT $494m 15.4% 22.1% 26.8% 2025
29 Resolute Holdings Management, Inc.RHLD $462m 9.9% −1.3% — 2025
30 Patria Investments LtdPAX $382m 2.0% 22.4% 15.7% 2025
31 Noah Holdings LTDNOAH $373m 4.8% 21.4% 5.8% 2025
32 Ridgepost Capital, Inc.RPC $297m 0.3% 6.6% 4.9% 2025
33 Sprott Inc.SII $285m 59.6% 23.6% 19.5% 2025
34 Alti Global, Inc.ALTI $255m 28.5% −46.9% −19.0% 2025
35 Abacus Global Management, Inc.ABX $235m 110.2% 15.5% 8.7% 2025
36 American Bitcoin Corp.ABTC $185m 158.8% −82.7% −18.2% 2025
37 Vinci Compass Investments Ltd.VINP $175m 56.3% 22.3% 11.5% 2025
38 Silvercrest Asset Management Group Inc.SAMG $125m 1.3% 3.9% 7.5% 2025
39 Westwood Holdings Group IncWHG $98m 3.2% 7.2% 5.7% 2025
40 Mount Logan Capital Inc.MLCI $54m 7.6% −113.6% −133.8% 2025
41 SWK Holdings CorpSWKHL $41m −7.8% −6.1% −1.0% 2025
42 Hennessy Advisors IncHNNA $36m 19.9% 28.0% 10.5% 2025
43 Value Line IncVALU $33m −4.7% 64.7% 20.8% 2026
44 Great Elm Group, Inc.GEG $28m 70.2% −127.6% −63.8% 2026
45 Marygold Companies, Inc.MGLD $25m 8.0% −17.3% −20.7% 2026
46 U S Global Investors IncGROW $14m 32.8% 21.2% 6.8% 2026
47 TON Strategy CoTONX $13m 1327.8% −1161.9% −70.3% 2025
48 Defi Development Corp.DFDV $11m 442.3% −648.1% −143.6% 2025
49 SOL Strategies Inc.STKE $10m 32.8% −240.6% −49.0% 2025
50 Nakamoto Inc.NAKA $2m −33.0% −2867.6% −20.2% 2025
51 Empery Digital Inc.EMPD $974,977 −75.5% −15390.4% −111.5% 2025
52 Hyperion Defi, Inc.HYPD $813,455 1318.8% −5570.6% — 2025
53 TAO Synergies Inc.TAOX $299,061 — −9609.2% — 2025
54 Skyai, Inc.SKYA $204,120 — −138400.0% −106.9% 2025
55 Axe Compute Inc.AGPU $125,284 47.7% −186053.4% — 2025
56 Alpha Compute CorpALP $97,000 — −39820.6% — 2026
57 BeneficientBENF −$39m 392.6% — — 2026

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other financials industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.