Financial benchmarking of top 10 asset managers in us 1

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Financial Benchmarking of Top 10 Asset Managers in US

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AUM growth for the past 10 years AUM’s (in Millions) & YoY Growth BlackRock

Legg Mason

Franklin Resources

Invesco

T. Rowe Price Group

AllianceBernstein

Federated Investors

Schroders

Aberdeen

Eaton Vance

Y03

Y04

Y05

Y06

Y07

Y08

Y09

Y10

Y11

Y12

$309,356

$341,760

$452,682

$1,124,627

$1,356,644

$1,307,151

$3,346,256

$3,560,968

$3,512,681

$3,791,588

13%

10%

32%

148%

21%

-4%

156%

6%

-1%

8%

$192,224

$286,168

$374,529

$867,550

$968,510

$950,122

$632,404

$684,549

$677,646

$643,318

9%

49%

31%

132%

12%

-2%

-33%

8%

-1%

-5%

$301,900

$361,900

$453,100

$511,300

$645,900

$507,300

$523,400

$644,900

$659,900

$749,900

22%

20%

25%

13%

26%

-21%

3%

23%

2%

14%

$370,600

$382,100

$386,300

$482,000

$529,300

$377,100

$459,500

$616,500

$625,300

$687,700

11%

3%

1%

25%

10%

-29%

22%

34%

1%

10%

$190,000

$235,200

$269,500

$334,700

$400,000

$276,300

$391,300

$482,000

$489,500

$576,800

35%

24%

15%

24%

20%

-31%

42%

23%

2%

18%

$474,799

$538,800

$578,600

$716,900

$790,478

$448,808

$486,683

$478,019

$405,897

$430,017

23%

13%

7%

24%

10%

-43%

8%

-2%

-15%

6%

$197,917

$179,268

$213,423

$237,440

$301,616

$407,310

$389,316

$358,241

$369,697

$379,771

1%

-9%

19%

11%

27%

35%

-4%

-8%

3%

3%

$173,194

$202,921

$211,337

$251,834

$277,685

$160,451

$236,468

$303,685

$289,191

$342,444

-

17%

4%

19%

10%

-42%

47%

28%

-5%

18%

$38,747

$40,494

$102,994

$143,457

$190,247

$161,762

$233,277

$275,895

$262,326

$303,264

25%

5%

154%

39%

33%

-15%

44%

18%

-5%

16%

$75,000

$94,300

$108,500

$128,900

$161,671

$123,087

$154,896

$185,243

$188,204

$199,508

35%

26%

15%

19%

25%

-24%

26%

20%

2%

6%

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Revenue growth for the past 10 years Revenues (in Millions) & YoY Growth BlackRock Legg Mason Franklin Resources

Invesco T. Rowe Price Group AllianceBernstein Federated Investors Schroders Aberdeen Eaton Vance

Y03

Y04

Y05

Y06

Y07

Y08

Y09

Y10

Y11

Y12

$598

$725

$1,191

$2,098

$4,845

$5,064

$4,700

$8,612

$9,081

$9,337

4%

21%

64%

76%

131%

5%

-7%

83%

5%

3%

$803

$1,153

$1,571

$2,645

$4,344

$4,634

$3,357

$2,635

$2,784

$2,663

12%

44%

36%

68%

64%

7%

-28%

-22%

6%

-4%

$2,624

$3,438

$4,310

$5,051

$6,206

$6,032

$4,194

$5,853

$7,140

$7,101

4%

31%

25%

17%

23%

-3%

-30%

40%

22%

-1%

$1,918

$2,125

$2,167

$2,428

$2,888

$2,490

$1,985

$2,602

$2,898

$2,959

-6%

11%

2%

12%

19%

-14%

-20%

31%

11%

2%

$996

$1,277

$1,516

$1,819

$2,233

$2,121

$1,872

$2,371

$2,750

$3,023

8%

28%

19%

20%

23%

-5%

-12%

27%

16%

10%

$2,733

$3,055

$3,213

$3,950

$4,525

$3,514

$2,907

$2,949

$2,750

$2,740

0%

12%

5%

23%

15%

-22%

-17%

1%

-7%

0%

$823

$847

$909

$989

$1,128

$1,222

$1,176

$955

$898

$947

16%

3%

7%

9%

14%

8%

-4%

-19%

-6%

5%

$796

$1,028

$1,381

$1,834

$2,262

$1,875

$1,683

$2,351

$2,360

$2,302

6%

29%

34%

33%

23%

-17%

-10%

40%

0%

-2%

$236

$253

$276

$564

$709

$767

$675

$1,006

$1,221

$1,408

-22%

7%

9%

105%

26%

8%

-12%

49%

21%

15%

$523

$662

$753

$862

$1,084

$1,096

$890

$1,122

$1,249

$1,209

0%

27%

14%

14%

26%

1%

-19%

26%

12%

-3%

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Operating Margin for the past 10 years Operating Margin

Y03

Y04

Y05

Y06

Y07

Y08

Y09

Y10

Y11

Y12

BlackRock

38%

24%

28%

29%

29%

20%

27%

34%

35%

38%

Legg Mason

27%

27%

31%

27%

24%

26%

19%

12%

14%

13%

Franklin Resources

24%

28%

30%

33%

33%

35%

30%

34%

37%

35%

Invesco

22%

24%

23%

32%

34%

30%

24%

23%

31%

30%

T. Rowe Price Group

36%

41%

43%

43%

45%

40%

37%

44%

45%

45%

AllianceBernstein

26%

24%

28%

29%

31%

26%

20%

16%

14%

16%

Federated Investors

37%

35%

31%

31%

31%

29%

28%

31%

27%

33%

Schroders

9%

20%

26%

27%

31%

25%

17%

25%

26%

24%

Aberdeen

13%

19%

21%

24%

20%

17%

16%

26%

30%

32%

Eaton Vance

30%

33%

34%

29%

34%

30%

23%

28%

32%

33%

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4


ROE for the past 10 years ROE

Y03

Y04

Y05

Y06

Y07

Y08

Y09

Y10

Y11

Y12

BlackRock

21.8%

18.6%

25.4%

3.0%

8.6%

6.5%

3.5%

7.9%

9.3%

9.7%

Legg Mason

15.3%

19.1%

17.8%

19.6%

9.9%

4.0%

-43.7%

3.5%

4.4%

3.9%

Franklin Resources

11.7%

13.8%

18.6%

19.0%

24.2%

22.5%

11.7%

18.6%

22.5%

21.7%

Invesco

-0.8%

-8.9%

0.1%

7.8%

10.2%

8.5%

4.7%

5.6%

9.0%

8.2%

T. Rowe Price Group

17.1%

19.9%

21.2%

21.8%

24.1%

19.7%

15.0%

20.3%

22.5%

22.4%

AllianceBernstein

6.8%

15.1%

18.1%

20.9%

24.0%

15.3%

8.8%

7.6%

-5.7%

3.2%

Federated Investors

48.4%

39.6%

29.7%

37.4%

37.9%

53.0%

37.4%

36.4%

27.8%

36.3%

Schroders

4.8%

12.2%

14.2%

15.3%

17.7%

4.7%

5.8%

17.1%

16.6%

14.3%

Aberdeen

-9.2%

-60.8%

1.3%

8.7%

5.2%

5.5%

-1.7%

9.2%

16.6%

19.8%

Eaton Vance

25.3%

30.7%

34.9%

32.0%

61.7%

79.9%

37.2%

42.2%

45.2%

36.9%

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