Catherine Keating Catherine Keating leads BNY Mellon's Investor Solutions and Wealth Management divisions, and is a member of BNY Mellon's Executive Committee.

Top 20 asset managers worldwide ranked

The world's top 10 wealth management firms by AUM

• UBS Wealth Management ($2.6 trillion in AUM)
• Morgan Stanley Wealth Management ($1.24 trillion)
• Bank of America Global Wealth & Investment Management ($1.22 trillion)
• J.P. Morgan Private Bank ($677 billion)
• Goldman Sachs ($558 billion)
• Charles Schwab ($506.3 billion)

5 Best Wealth Management Firms

• Morgan Stanley.
• J.P. Morgan Chase.
• UBS.
• Wells Fargo.
• Fidelity Investments.

• Jeff Erdmann. Connecticut. $11.2B.
• Lyon Polk. New York. $28.7B.
• Brian C. Pfeifler. Florida. $7.7B.
• Charles Zhang. Michigan. $4.7B.
• Mark Curtis. California. $154.3B.
• Christopher Errico. New York. $3.1B.
• Greg Vaughan. California. $44.9B.
• Rod Westmoreland. Georgia. $4.2B.

Big Four firm EY and financial services specialist Sionic have been named Europe's leading wealth management consultancies, taking home the top two awards at the 2021 WealthBriefing Awards.

To receive the Five Star Wealth Manager award, a wealth manager must satisfy 10 objective eligibility and evaluation criteria that are associated with wealth managers who provide quality services to their clients. Factors taken into account include assets under management and client retention rate.

Western Europe's best bank for wealth management this year is UBS. In Euromoney's private banking and wealth management survey for 2022 the Swiss bank held off a stern challenge from JPMorgan to be named once again as the leading provider in the region.

We are pleased to announce that Darren Zagarola, Howard Hook, and Howard Milove have won the 2023 Five Star Wealth Manager award. We are pleased to announce that Darren Zagarola, CFP®, CPA, PFS; Howard Hook, CFP®, CPA, CAP®; and Howard Milove, CPA, PFS have been recognized as 2023 Five Star Wealth Managers!

Goldman Sachs was the leading financial advisor to merger and acquisition deals in Europe in both 2021 and 2022, though the value of managed deals differed between the years. They advised on M&A transactions worth 411 billion U.S. dollars in 2021, down from 698 billion U.S. dollars in 2020.

As the world moves toward a more digitized and connected future, client experience is where firms will spend their money in 2023. Today's retail investor profile is vastly different from previous years, and wealth managers are expanding their focus to new segments, like the mass affluent market.

The ten all-time largest M&A deals to take place in Europe all happened between 1999 and 2015. As of January 2023, the largest deal remained the 1999 acquisition of Mannesmann AG by Vodafone AirTouch PLC for 202.8 billion U.S. dollars or 204.8 billion euros.