Who is an Asset Manager?
An asset manager is a financial professional who manages money and securities on behalf of a client, with the goal of growing the value of the assets.
Asset managers are known by many names: investment advisors, financial advisors, wealth managers, institutional wealth managers, registered investment advisors (RIAs), robo-advisors, and stockbrokers, to name just a few.
Top 10 Asset Managers In South Africa
| # | Manager | Market | Total assets (‘000) |
|---|---|---|---|
| 124 | Investec Asset Management | South Africa | $113 336 |
| 191 | Sanlam | South Africa | $57 941 |
| 235 | STANLIB | South Africa | $42 700 |
| 237 | Coronation Fund Managers | South Africa | $42 255 |
| 276 | Allan Gray Proprietary South Africa | South Africa | $33 237 |
| 281 | Hyundai | South Africa | $32 031 |
| 470 | ABSA Asset Management | South Africa | $9 079 |
| 488 | Peregrine Holdings | South Africa | $8 518 |
Who are the top wealth managers in South Africa?
Investment firm PSG Wealth and Centric Wealth Advisory retained their titles as the country’s top wealth managers in the 12th edition of the Intellidex Top Private and Wealth Managers survey. PSG Wealth took the title of the best wealth manager in the large institution segment.
Who are the black asset managers in South Africa?
Sanlam and Absa have officially combined their investment businesses to form South Africa’s largest black-owned asset manager.
The two companies announced in October 2021 that they were joining forces to create an asset management firm second only to Ninety One in terms of size.
Who is the largest asset manager in South Africa?
The 2022 Alexforbes Manager Watch Annual Survey revealed that Ninety One, Stanlib, and Sanlam Investment Management (SIM) are the largest asset managers in South Africa.