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11 top asset management stocks to buy in 2024

Ready to invest in the portfolio management industry? Learn how to invest in asset management stocks in just a few steps.

The best asset management stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top portfolio management stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Affiliated Managers Group (AMG)
  2. Ameriprise Financial (AMP)
  3. BlackRock (BLK)
  4. Bank of New York Mellon (BK)
  5. Franklin Resources (BEN)
  6. Janus Henderson Group (JHG)
  7. AllianceBernstein Holding L-P (AB)
  8. Artisan Partners Asset Management (APAM)
  9. Apollo Global Management LLC Class A (APO)
  10. Fidus Investment (FDUS)
  11. Ares Management (ARES)

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How to invest in asset management stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like AMG or AMP.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into asset management stocks

If you're interested in investing in the portfolio management industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Affiliated Managers Group (AMG)

Affiliated Managers Group, Inc. , through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.

Affiliated Managers Group stock opened the day at $187.10 after a previous close of $184.95. The latest price was $184.05 (25-minute delay). Affiliated Managers Group is listed on the NYSE, has a trailing 12-month revenue of around USD2 billion and employs 4,000 staff.

  • Market capitalization: $5,461,030,400
  • P/E ratio: 11.8942
  • PEG ratio: 0.7254

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2. Ameriprise Financial (AMP)

Ameriprise Financial, Inc. , together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.

Ameriprise Financial stock opened the day at $561.99 after a previous close of $564.00. The latest price was $561.31 (25-minute delay). Ameriprise Financial is listed on the NYSE, has a trailing 12-month revenue of around USD$17.4 billion and employs 13,800 staff.

  • Market capitalization: $53,551,087,616
  • P/E ratio: 21.1005
  • PEG ratio: 1.093

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3. BlackRock (BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

BlackRock stock opened the day at $1,054.20 after a previous close of $1,053.84. The latest price was $1,036.35 (25-minute delay). BlackRock is listed on the NYSE, has a trailing 12-month revenue of around USD$19.4 billion and employs 19,800 staff.

  • Market capitalization: $153,469,501,440
  • P/E ratio: 25.5754
  • PEG ratio: 1.8626

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4. Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics.

Bank of New York Mellon stock opened the day at $78.52 after a previous close of $78.68. The latest price was $77.95 (25-minute delay). Bank of New York Mellon is listed on the NYSE, has a trailing 12-month revenue of around USD$17.8 billion and employs 52,600 staff.

  • Market capitalization: $56,486,690,816
  • P/E ratio: 17.3803
  • PEG ratio: 0.7721

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5. Franklin Resources (BEN)

Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.

Franklin Resources stock opened the day at $21.45 after a previous close of $21.57. The latest price was $21.47 (25-minute delay). Franklin Resources is listed on the NYSE and has a trailing 12-month revenue of around USD$8.5 billion.

  • Market capitalization: $11,147,444,224
  • P/E ratio: 25.0471
  • PEG ratio: 0.9371

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6. Janus Henderson Group (JHG)

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios.

Janus Henderson Group stock opened the day at $45.23 after a previous close of $45.25. The latest price was $44.56 (25-minute delay). Janus Henderson Group is listed on the NYSE, has a trailing 12-month revenue of around USD$2.3 billion and employs 2,144 staff.

  • Market capitalization: $7,027,444,736
  • P/E ratio: 17.4743
  • PEG ratio: 1.2864

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7. AllianceBernstein Holding L-P (AB)

AllianceBernstein Holding L. P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients.

AllianceBernstein Holding L-P stock opened the day at $36.52 after a previous close of $36.49. The latest price was $36.18 (25-minute delay). AllianceBernstein Holding L-P is listed on the NYSE, has a trailing 12-month revenue of around USD$134.1 million and employs 4,707 staff.

  • Market capitalization: $4,259,484,160
  • P/E ratio: 10.9795
  • PEG ratio: 0.6808

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8. Artisan Partners Asset Management (APAM)

Artisan Partners Asset Management Inc. is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U. S.

Artisan Partners Asset Management stock opened the day at $49.12 after a previous close of $49.17. The latest price was $46.88 (25-minute delay). Artisan Partners Asset Management is listed on the NYSE, has a trailing 12-month revenue of around USD$1.1 billion and employs 573 staff.

  • Market capitalization: $3,374,528,000
  • P/E ratio: 13.6045
  • PEG ratio: 1.38

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9. Apollo Global Management LLC Class A (APO)

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets.

Apollo Global Management LLC Class A stock opened the day at $165.07 after a previous close of $166.75. The latest price was $163.75 (25-minute delay). Apollo Global Management LLC Class A is listed on the NYSE, has a trailing 12-month revenue of around USD$31.1 billion and employs 4,879 staff.

  • Market capitalization: $90,428,719,104
  • P/E ratio: 16.8587
  • PEG ratio: 1.37

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10. Fidus Investment (FDUS)

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations.

Fidus Investment stock opened the day at $20.29 after a previous close of $20.29. The latest price was $20.30 (25-minute delay). Fidus Investment is listed on the NASDAQ and has a trailing 12-month revenue of around USD$145 million.

  • Market capitalization: $679,989,696
  • P/E ratio: 7.0848
  • PEG ratio: 3.59

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11. Ares Management (ARES)

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

Ares Management stock opened the day at $170.67 after a previous close of $171.38. The latest price was $170.50 (25-minute delay). Ares Management is listed on the NYSE, has a trailing 12-month revenue of around USD$3.7 billion and employs 3,100 staff.

  • Market capitalization: $53,029,953,536
  • P/E ratio: 76.8356
  • PEG ratio: 0.63

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Bottom line

While it’s possible to turn a profit investing in asset management stocks, keep in mind that — like any investment — asset management stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the portfolio management industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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