Last updated: April 2024
Asset management is a type of investment solution in which companies that provide asset management services manage your money.
Asset management firms typically have a large amount of money from various clients and individuals.
The company decides how much money will be invested in which funds. Typically, these establishments have advisors who recommend available opportunities to capitalize on in terms of products, regions, and companies.
If you want to diversify your portfolio while minimizing high risks, asset financing and personal finance tips are ideal. Pension funds, banks, and insurance companies are among the many clients who use asset management services.
Individuals who require better financial management can also seek asset management services. Asset management firms help protect your money from unexpected financial occurrences.
With so many companies offering the service on the market, you may be perplexed as to which is the best option. Here is a list of the top 10 Asset Management Companies in Singapore.
Recommended Asset Management Companies in Singapore to Invest Capital for Clients
1. DBS Bank
DBS Bank - Best Asset Management Company in Singapore
DBS Bank, the Development Bank of Singapore, is a well-known asset management company that offers exceptional financial products and services. The bank creates solutions that are unique to your capital investment.
Private clients at DBS are offered a variety of investment options and are rated highly in terms of safety. In 2016, the bank was ranked fifth in Asian banks for asset management.
DBS, like any other leading banking brands in Singapore, strives to improve its services on a continuous basis. The company has invested in wealth management services by offering a wealth platform through which clients can access and trade a wide range of information from anywhere.
Address: Blk 712A Ang Mo Kio Avenue 6 #01-4066 Singapore 560712
Contact: +65 6327 2265
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2. UBS
UBS - Best Asset Management Company in Singapore
In Singapore, UBS is a leading international company that provides a wide range of asset management solutions. The company is based in Switzerland and provides a wide range of financial services.
The bank is your preferred investment partner because it has a good reputation for maintaining client confidentiality.
UBS provides world-class asset management with a diverse global heritage through the delivery of innovative solutions to meet your needs. Endowments, financial institutions, and pension funds are among its clients.
With positive customer feedback, UBS will undoubtedly meet your asset financing requirements.
Address: One Raffles Quay #50-01, North Tower, Singapore 048583
Contact: +65 6495 8000
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3. Vanguard Group
Vanguard Group - Best Asset Management Company in Singapore
Vanguard Group, founded in 1975, is a global leader in investment advisory. The firm provides experienced counsel in asset financing services in Singapore.
Vanguard has earned a reputation as a trustworthy and dependable asset management firm.
It is based in the United States and offers one of the best mutual fund investments. It also provides other services such as fixed annuities, variable annuities, and brokerage services.
Address: Commerce Point 3 Philip Street #07-01 Singapore 048693
Contact: +65 6311 9845
4. State Street Global Advisors
State Street Global Advisors - Best Asset Management Company in Singapore
State Street Global Advisors is one of Singapore's leading asset management firms. The company is a subsidiary of the State Street Corporation and is ranked fifth in terms of global scope.
These experts will provide you with sound advice by developing various investment strategies. It caters to a large number of clients, including businesses, corporations, and associations.
With a good reputation and a track record of reliability in its services, the company will undoubtedly provide you with a safe investment for your money. You can choose from a number of methods to diversify your investment portfolio.
Address: 168 Robinson Rd, Capital Tower, Singapore 068912
Contact: +65 6826 7500
5. Fidelity Investments
Fidelity Investments - Best Asset Management Company in Singapore
Fidelity Investments is a well-known asset management firm in Singapore. The headquarters of the company is in Boston, Massachusetts.
It provides asset financing solutions such as brokerage, mutual fund management, retirement services, and investment services.
Fidelity Investments is a large global company that is dependable in providing asset management services to its clients.
Address: 8 Marina View #35-06 Asia Square Tower 1 Singapore 018960
Contact: +65 6511 2200
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6. BlackRock Singapore
BlackRock Singapore - Best Asset Management Company in Singapore
Blackrock investment management, based in New York, offers the best asset financing solution in Singapore. The company is one of the largest asset management firms in the world.
This company is very solid and consistent, with an estimated asset value of $5.1 trillion.
Though it was founded to provide asset risk management, it has gradually expanded to provide asset management globally. Because of the company's size, BlackRock Singapore is the most recommended asset management firm in Singapore.
Black Rock Investment Management
Address: BlackRock (Singapore) LimitedTwenty Anson 18-01, 20 Anson Road Singapore 079912
Contact: +65 6411 3000
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7. Aberdeen Standard Life
Aberdeen Standard Life - Best Asset Management Company in Singapore
Aberdeen Standard Life is one of Singapore's leading asset management companies. It is a multinational corporation based in Singapore.
The asset management company is recommended for your money investment because it has a good reputation in Singapore. Experts at Aberdeen Standard Life will assist you in achieving your financial objectives.
Aberdeen Standard Life has a large local and international clientele. The company should be your best investment choice because it offers a variety of asset financing solutions.
Address: 21 Church St, #01-01 Capital Square 2, Singapore 049480
Contact: +65 6395 2700
8. UOB Asset Management
UOB Asset Management - Best Asset Management Company in Singapore
UOB Asset Management is headquartered in Singapore and provides a wide range of asset financing solutions. The company was founded in 1985 by the renowned United Overseas Bank Limited, a well-known bank in Singapore.
The company manages assets worth up to $20 billion. The firm, like Lion Global Investments, ranks high among other management establishments.
The bank appeals to the majority of locals because it focuses on client service, which contributes to rapid growth.
Address: 80 Raffles Place #03-00, 2 UOB Plaza, Singapore 048624
Contact: +65 6532 7988
9. Lion Global Investors
Lion Global Investors - Best Asset Management Company in Singapore
Lion Global is one of the largest asset management firms in Singapore. The company, which was founded in 2005, manages a large asset portfolio worth more than $30 billion.
This is an old bank in Singapore that is a branch of the Chinese Banking Corporation Limited.
They are usually appealing to the majority of local clients because they provide specialized services that locals require. With extensive knowledge of Asian investment markets, the company provides sound and dependable investment solutions.
Address: 65 Chulia Street #18-01, OCBC Centre, Singapore 049513
Contact: +65 6417 6800
10. Bordier & Cie
Bordier & Cie - Best Asset Management Company in Singapore
Bordier and Cie were founded in 1844. The company is based in Singapore and engages in a variety of local business activities.
It is a reputable and trustworthy brand in asset management, focusing on wealth management and banking services. It has been recognized for its outstanding efforts in personal financial management.
Bordier & Cie, with a long history in Singapore, is the ideal choice for asset financing services. With nearly 170 years of expertise and extensive banking experience, this establishment will undoubtedly provide you with quality financial services.
Address: 138 Market Street, #14-00 CapitaGreen, Singapore 048946
Contact: +65 6239 9999
What is the purpose of asset management company?
The purpose of an asset management company is to manage and invest assets on behalf of clients, such as individuals, corporations, or institutions. Asset management companies provide a range of services to help clients achieve their investment goals and objectives, including:
- Investment management: Asset management companies manage investment portfolios on behalf of clients, selecting and managing a range of investment products such as stocks, bonds, and mutual funds.
- Financial planning: Asset management companies offer financial planning services to help clients achieve their financial goals, such as retirement planning, estate planning, and tax planning.
- Risk management: Asset management companies help clients manage risk by diversifying their investment portfolios and selecting investment products that align with their risk tolerance.
- Research and analysis: Asset management companies conduct research and analysis on investment products and markets to identify opportunities for clients.
- Client service: Asset management companies provide a high level of client service, offering personalized advice and support to help clients achieve their investment goals.
Overall, the purpose of an asset management company is to help clients manage and invest their assets in a way that aligns with their financial goals and objectives. Asset management companies provide a range of services to help clients achieve these goals, including investment management, financial planning, risk management, research and analysis, and client service.
What Does An Asset Management Company Do in Singapore?
To make it simple, asset management firms in Singapore manage funds on behalf of individuals and businesses. They make well-timed investment decisions on their client's behalf in order to grow their finances and portfolio.
Asset management firms can diversify their clients' portfolios by working with a group of several investors. This provides them with access to higher-value options with better capital appreciation prospects, while also mitigating the risk.
Depending on their client's financial goals, these pooled funds can be invested in real estate, stocks, bonds, or other assets. The stock market, for example, can provide quick returns, whereas real estate is ideal for long-term asset management.
Who Are the Big 3 Asset Managers?
The big three, or the well-known asset managers are the BlackRock Investment Management, Vanguard Group, and State Street Global Advisors. These big 3 asset managers are entrusted with assets that are beneficially owned by index fund investors.
Blackrock, based in New York City, is the world's biggest asset management, with over 80 offices globally serving individual individuals, corporations, governments, and charities. As of March 2022, BlackRock is an independent publicly listed firm with a market value of $117 billion.
Meanwhile, the Vanguard Group, headquartered in Malvern, Pennsylvania, is the world's second-biggest asset management organization, with a total AUM of $8.4 trillion. The business is a privately held investment manager with 20 offices across the world and 17,300 employees.
The Vanguard Group provides a large choice of low-cost mutual funds, exchange-traded funds (ETFs), advice, and other services. Vanguard is the world's second-biggest supplier of exchange-traded funds and the world's largest provider of mutual funds.
Additionally, the State Street Corporation is a financial service and bank holding firm based in Boston at One Lincoln Street, with operations around the world. It is the second-oldest continuously running bank in the United States.
State Street manages over 100 different ETFs that track strategies such as US stock market capitalization and style, sector and industry, foreign equity, commodities, real estate investment trusts, fixed income, and asset allocation.
How Large is Singapore's Asset Management Industry?
Singapore's asset management business expanded rapidly in 2021, with AuM increasing by more than 16% to S$5.4 trillion ($3.8 trillion).
The MAS also mentioned that the number of licensed and registered fund management firms in Singapore rose 15% to 1,108, as of last December 2021.
According to experts, the assets under the management of Singapore's asset management business will likely increase from USD3.5 trillion to USD20 trillion by 2035. Singapore's asset management business is now second in the world to Luxembourg's USD22 trillion.
How Much Does Asset Management Companies Charge in Singapore?
Management fees are paid to professionals who are charged with managing investments on behalf of a customer. Management fees, which are often calculated as a percentage of total assets under management (AUM), can cover a wide range of charges, including portfolio management, advisory services, and administrative costs.
Management fees can range from 0.10% of AUM to more than 2% of AUM. This variance in costs is often attributable to the investment strategy employed by the fund's manager.
The more the management fees charged by a fund, the more actively managed it is.
Do asset management firms charge commissions?
Asset management firms may charge commissions depending on the type of services they provide and the fee structure they use. However, commissions are less common in the asset management industry than in other financial services industries such as brokerage or insurance.
Asset management firms typically charge fees based on a percentage of the assets under management (AUM). This fee structure is known as the asset-based fee model, and it is the most common fee structure used by asset management firms. Under this model, the asset management firm charges a percentage of the client's AUM as a management fee.
In addition to the asset-based fee model, some asset management firms may also charge performance fees, which are based on the investment performance of the portfolio. Performance fees are typically charged as a percentage of the portfolio's returns above a certain benchmark or hurdle rate.
Overall, while commissions are less common in the asset management industry, some firms may still charge commissions depending on the services they provide and the fee structure they use. It's important to understand the fee structure and any associated costs before engaging with an asset management firm.
Is Asset Management a Growing Industry?
If you're wondering who handles and separates client accounts and investment funds in the financial services industry, the asset manager is who you're looking for. It is a division of a financial firm that utilizes highly skilled and trained individuals to manage and handle client investments and funds.
The asset management industry benefited from this rapid recovery, with industry economics indicating a record year in 2020: 2020 was the second-best year since the financial crisis in terms of sheer growth in assets under management (AUM), and the global industry reached an all-time high of $115 trillion.
In Singapore, there are 1108 registered and licensed fund managers with S$5.4 trillion of assets.
What is the fastest growing asset management?
The fastest growing asset management sector can vary depending on the time period and region being considered. However, according to recent reports, the alternative asset management sector has been one of the fastest-growing segments in the industry in recent years.
Alternative asset management includes investments in non-traditional asset classes such as private equity, hedge funds, real estate, infrastructure, and commodities. Alternative asset managers have seen significant growth in recent years due to increased demand from institutional investors and high-net-worth individuals seeking higher returns and diversification.
In addition to alternative asset management, other areas of the industry that have seen significant growth include sustainable investing, passive investing, and digital asset management.
Overall, the asset management industry is constantly evolving, and the fastest growing sector can change over time as market conditions and investor preferences shift.
Is it worth paying a wealth manager?
Whether or not it is worth paying a wealth manager depends on your individual financial situation and needs. A wealth manager is a financial professional who provides personalized investment advice and portfolio management services to clients. Wealth managers typically charge a fee for their services, which can be a percentage of assets under management or a flat fee.
If you have a complex financial situation, a large portfolio, or limited time or expertise to manage your investments, a wealth manager may be able to provide valuable services such as financial planning, tax planning, asset allocation, and risk management. A wealth manager can also help you navigate complex financial products and investment options, and provide access to exclusive investment opportunities.
However, if you have a smaller portfolio or a simpler financial situation, the cost of a wealth manager may not be worth it. You may be able to achieve your financial goals through a self-directed investment strategy or with the help of a financial advisor who charges lower fees.
Ultimately, the decision to hire a wealth manager should be based on your individual financial situation and goals. Before hiring a wealth manager, it's important to do your research, compare fees and services, and make sure that the wealth manager is licensed and reputable.
Asset Management Company Singapore
That concludes our list of the top ten asset finance companies in Singapore. Your investment is determined by the firm's aims and prospects. With so many asset management businesses in Singapore, you should do your homework before making an investing selection.
Before conducting business with a firm, you should get to know them well. Individual investors and enterprises in need of a stable future will find the firms listed above useful.
Choosing a reliable organization with experience in wealth management can assist you in establishing a solid financial foundation.
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