Follow the Money with Asset Management Dividend Stocks

Asset Management Stocks - Header

Asset management stocks don’t usually get the same exposure as the top financial stocks but they are worth a look and consideration for your portfolio. My portfolio strategy is to have just around 20% exposure to the financial sector and I am trying to spread it across the banking industry, the credit card stocks and the asset management industry. Across the 3 industries, there should be be enough coverage to maintain a balanced portfolio and mitigate any negative impact to one of the industries.

Before you read on the business of each asset management dividend stocks, here is how they have performed over the past 5 years.

Asset Management Stocks PErformance

Below is a list of US stocks worth reviewing for your portfolio listed in no particular order.


BlackRock

BLK - BlackRockBlackRock is a leading financial services company in the world. Its diversified platform comprises the alpha-seeking active, index and alternative products, as well as enhanced distribution and portfolio construction technology offerings. Its portfolio is well suited for clients seeking varied investment objectives across a wide risk spectrum including money markets, indexes, fixed income, multi-asset and even illiquid alternatives like infrastructure, private credit, and real estate, etc. BlackRock manages $6 trillion worth of assets across markets globally. Its asset mix is comprised of equity (50% of the portfolio), fixed income (32%), multi-asset (8%), cash (8%) and alternatives (2%). Its iShares continue to retain the number one market share of the global ETF industry flows. BlackRock serves a diverse mix of institutional and retail clients across the globe. The company serves clients in more than 100 countries, including the US, the UK, and Japan. It has more than 4000 funds and over 30,000 Aladdin users.

Investment Data

Ameriprise Financial, Inc.

Ameriprise Financial is a leading diversified financial services company with over $900 billion in assets under management. The company offers a broad range of financial products and services to its clients worldwide. Ameriprise Financial operates through Advice & Wealth Management (49% of 2018 earnings), Asset Management (26%), and Protection & Annuities (25%) operating segments. Ameriprise Financial, Columbia Threadneedle Investments and RiverSource are its leading brands. The company has a large global footprint with offices located throughout the U.S. and globally, but the U.S. is the core market for Ameriprise, accounting for ~70% of total AUM. It caters to more than 2 million individual, business and institutional clients. By client type, retail clients are the biggest segment accounting for nearly 60% of the AUM. Equity is the largest asset class managed by Ameriprise constituting for more than 50% of the AUM, followed by fixed income, money market, alternative, hybrid and others. The company is highly rated for trust and impeccable reputation across the investment industry.

Investment Data

Franklin Resources, Inc.

BEN - Franklin ResourcesFranklin Resources, Inc. is a global investment management organization. It provides investment management, fund administration, sales and distribution, shareholder and other services. The company manages more than $717 billion in assets (AUM) at September 30, 2018, and offers products and services under Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby brands. Franklin’s assets can be broadly classified into equity (43% of total AUM as of September 2018), fixed income (36%), multi-asset (20%), and cash management (1%). The U.S. remains Franklin’s largest market with 67% of AUM, followed by EMEA (14%), Asia Pacific (13%), Canada (4%) and Latin America (2%). Franklin operates through an integrated network of risk management professionals, a global trading desk network and a strong distribution franchise across the globe. The company has an unrivaled global reach with offices in 34 countries and clients in more than 170 countries. Franklin’s clientele includes retail (72% of AUM), institutional (25%) and high net-worth (3%) clients.

Investment Data

T. Rowe Price Group, Inc.

TROW - T. Rowe Price Inc.T. Rowe Price Group is a global asset management firm. The company provides diversified products and services like sub-advisory services and separate account management to individuals, advisors, institutions, financial intermediaries, and retirement plan sponsors. It sells a wide range of financial products and services like mutual funds, investment products, separate account management, recordkeeping, and related services. Investment advisory fee accounts for the majority of revenue, which is calculated as a percentage of assets under management. T. Rowe has a diversified geographic footprint serving clients in 49 countries like the U.S., UK, Hong Kong, Japan, Singapore, and Australia. By geography, the U.S. is its largest market accounting for more than 60% of the net flows, followed by the APAC region (29%) and EMEA (9%). With more than $1.21 trillion of assets under management, the firm manages a diverse and balanced asset class comprising of U.S. equity (48% of total assets in 2018), multi-asset (30%), U.S. fixed income (12%), international equity (8%) and international fixed income (2%).

Investment Data

Canadian Asset Management Dividend Stocks

On the Canadian front, there are 3 dividend stocks to be considered and don’t be mistaken by the name of Brookfield Asset Management TSE:BAM.A as it is a real estate company.

IGM - IGM Financial

IGM Financial

TSE:IGM

CIX - CI Financial

CI Financial

TSE:CIX

AGF.B - AGF Management

AGF Management

TSE:AGF.B

DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.
Join 8,400+ Investors & Build a Winning Portfolio