The PAM Global 50 ranking has revealed that the assets of the world’s largest wealth managers grew from $13.01 trillion to $14.79 trillion over the course of 2019 – an increase of 13.7 percent.
Bank of America (BoA) had the largest AUM growth of all ranked firms in absolute terms, its assets rising from $1,021 billion to $1,275 billion – a $254 billion increase in 2019. This enabled BoA to overtake Morgan Stanley and claim the title of the world’s largest w...
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