Asset Manager (Traditional + Alternatives)

Publicly traded firms whose primary economics are fees earned on third-party capital they manage. Two sub-types share this template because they share the AUM-times-fee-rate revenue spine but diverge sharply on metric vocabulary and performance-fee mechanics. Traditional asset managers (BLK, TROW, IVZ) earn basis-point management fees on daily-valued AUM across equity / fixed income / multi-asset

Each company on its own headline number

TickerCompanyTheir metricPeriodYoYA year ago
AMGAffiliated Managers Group, Inc.Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Controlling Interest)FY2026-Q1+39.0%-12.2%
WHGWestwood Holdings Group, Inc.Economic Earnings (Non-GAAP)FY2026-Q1+13.2%-16.5%
AAMIAcadian Asset ManagementAsset Management1 revenueFY2026-Q2+44.3%+15.9%
HLNEHamilton Lane IncorporatedManagement and Advisory FeesFY2027-Q1+20.7%-4.5%
ARESAres Management CorporationAfter-tax realized income per share of Class A common stockFY2026-Q2+25.2%+4.0%
TROWT. Rowe Price Group, Inc.Investment advisory feesFY2026-Q2+11.3%-0.6%
GCMGGCM Grosvenor Inc.Management feesFY2026-Q2+12.6%+2.1%
AMPAmeriprise Financial, Inc.Advice & Wealth Management Adjusted Operating Net RevenueFY2026-Q2+15.6%+6.2%
TPGTPG Inc.Total Assets Under ManagementFY2026-Q1+21.3%+12.1%
BNYBlackRock New York Municipal Income TrustInvestment and Wealth Management RevenueFY2026-Q2+6.3%-2.7%
STEPStepStone Group Inc.Management and advisory fees, netFY2027-Q1+27.5%+18.6%
KKRKKR & Co. Inc.Management FeesFY2026-Q2+25.5%+17.5%
STTState Street CorporationAssets under custody and administrationFY2026-Q2+18.2%+10.6%
IVZInvesco Ltd.Adjusted Operating MarginFY2026-Q2+6.3 pts+0.3 pts
NTRSNorthern Trust CorporationWealth ManagementFY2026-Q2+9.8%+4.6%
CGThe Carlyle Group Inc.Assets under managementFY2025-Q4+8.2%+3.5%
APOApollo Global Management, Inc.Total assets under managementFY2026-Q2+25.0%+20.7%
ALTIAlTi Global, Inc.Management and Advisory FeesFY2026-Q2+9.7%+5.5%
GSThe Goldman Sachs Group, Inc.Total assets under supervision (AUS)FY2026-Q1+15.1%+11.2%
PIPRPiper Sandler CompaniesAdjusted Operating MarginFY2026-Q2+3.7 pts+0.8 pts
SCHWThe Charles Schwab CorporationAsset management and administrationFY2026-Q2+16.2%+13.5%
JHGJanus Henderson Group plcAdjusted Diluted Earnings per ShareFY2026-Q1+13.9%+11.3%
VRTSVirtus Investment Partners, Inc.Adjusted RevenueFY2026-Q2-3.9%-5.9%
CNSCohen & Steers, Inc.Operating Margin (As Adjusted)FY2026-Q1+0.4 pts-0.8 pts
HNNAHennessy Advisors, Inc.Average Assets Under ManagementFY2026-Q3+4.9%+5.1%
VALUValue Line, Inc.LicenseFY2026-Q3-10.1%-5.6%
HQYHealthEquity, Inc.Adjusted Earnings Before Interest, Taxes, Depreciation, and AmortizationFY2027-Q2+10.5%+17.8%
SAMGSilvercrest Asset Management Group Inc.Total Assets Under ManagementFY2026-Q2+0.8%+9.9%
RITMRithm Capital Corp.Core Earnings Available for DistributionFY2026-Q1+5.2%+18.1%
RNRRenaissanceRe Holdings Ltd.Capital Partners Management Fee IncomeFY2026-Q2-14.7%+2.0%
EVREvercore Inc.Net Revenues (Adjusted)FY2025-Q2+20.7%+37.7%
DBRGDigitalBridge Group, Inc.Fee Related Earnings MarginFY2026-Q1-12.0 pts+12.0 pts
LAZLazard LtdIncentive feesFY2026-Q2-0.3%+46.9%
RPCRidgepost Capital, Inc.Fully Diluted Adjusted Net Income per ShareFY2025-Q4-13.3%+42.9%
ABXAbacus Global Management, Inc.Adjusted earnings before interest, taxes, depreciation, and amortizationFY2026-Q2+26.7%+88.6%
BXBlackstone Inc.RealizationsFY2026-Q2+45.8%+157.2%
APAMArtisan Partners Asset Management Inc.Total Firm Assets Under ManagementFY2026-Q2+4.5%
BENFranklin Resources, Inc.Adjusted diluted EPSFY2026-Q3+46.9%
BLKBlackRock, Inc.Organic base fee growthFY2025-Q1
FHIFederated Hermes, Inc.Total average managed assetsFY2025-Q3

Where they use the same metric

  • Total assets under management — reported by 28 of 73
  • Asset & Wealth Management management and other fees — reported by 22 of 73
  • Average Assets Under Management — reported by 10 of 73
  • Performance fees — reported by 10 of 73
  • Adjusted Net Income — reported by 9 of 73
  • Assets under management net flows — reported by 8 of 73
  • Adjusted Operating Margin — reported by 8 of 73
  • Diluted Earnings Per Share (Adjusted) — reported by 7 of 73

A side-by-side appears only when three or more companies report the same metric under their own definition. Nothing is translated from one company's segment into another's.

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