Investment banking

Investment banking

Table of Contents
Global overview
06 Revenue of global investment banks globally, by product group 2017
07 Largest global investment banks 2016, by revenue
08 Market share of revenue of leading global investment banks 2017
09 Leading investment banks worldwide in 2017, by brand value
10 Operating expenses of global investment banking industry 2010-2015
11 Size of financial advisory market worldwide 2011-2016

Fees
13 Leading global investment banks 2016, by fees
14 Global investment banking fees 2015, by country
15 Global investment banking fees 2015, by region
16 Investment banking fees globally 2007-2015
17 Global investment banking fees 2014-2015, by product
18 Leading corporate fee payers to investment banks worldwide 2015

M&A deals
20 Largest M&A investment banks worldwide in 2017, by revenue
21 Leading financial advisors to global M&A 2016, by deal value
22 Number of M&A deals made by ten leading investment banks worldwide 2016
23 Leading financial advisors to M&A in Europe 2016, by deal value
24 Leading financial advisors to U.S. M&A 2016, by deal value

United States
26 Leading registered investment advisors in the U.S. 2016, by assets
27 Share of household financial assets held in investment funds in U.S. 1995-2016
28 Number of investment companies reporting to ICI in the U.S. 1997-2016
29 Number of investment fund industry employees in the U.S. 1997-2015
30 Consumer awareness of investment management apps in the U.S. 2016
Investment banking

Global overview
 Global overview 6

Revenue of global investment banks globally, by product group 2017

Revenue of largest investment banks worldwide, by product group as of
January 2017 (in million U.S. dollars)

Chart Title

Debt Capital Markets & Loans* Equity Capital Markets Mergers & Acquisitions

0 500 1000 1500 2000 2500 3000

2,842
JPMorgan 1,063
2,021

2,613
Bank of America Merrill Lynch 652
1,196

1,645
Goldman Sachs 810
2,445

1,399
Morgan Stanley 849
1,943

1,585
Credit Suisse 592
1,014

1,970
Citi 613
1,025

1,565
Deutsche Bank 473
636

1,721
Barclays 380
986

655
UBS 354
632

1,280
Wells Fargo Securities 235
305
Revenue in million U.S. dollars

Note: Worldwide; January 16, 2016 to Jan 15, 2017

Further information regarding this statistic can be found on page 32.

Source: Dealogic ID 273080

 Global overview 7

Largest global investment banks 2016, by revenue

Leading investment banks worldwide in 2016, by revenue (in million U.S.
dollars)

data

0 1000 2000 3000 4000 5000 6000 7000

JPMorgan 5,934

Goldman Sachs 4,852

Bank of America Merrill Lynch 4,463

Morgan Stanley 4,204

Citi 3,598

Credit Suisse 3,131

Barclays 3,087

Deutsche Bank 2,660

Wells Fargo Securities 1,817

UBS 1,642

RBC Capital Markets 1,609

HSBC 1,290

BNP Paribas 1,061

Jefferies LLC 1,050

Mizuho 1,002

Revenue in million U.S. dollars

Note: Worldwide; January 3, 2016 to January 2, 2017

Further information regarding this statistic can be found on page 33.

Source: Dealogic ID 371143

 Global overview 8

Market share of revenue of leading global investment banks 2017

Global market share of revenue of leading investment banks as of July
24, 2017

data

0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%

JPMorgan 8.1%

Goldman Sachs 6.9%

Bank of America Merrill Lynch 6.5%

Morgan Stanley 6.1%

Citi 5.8%

Barclays 4.6%

Credit Suisse 4.3%

Deutsche Bank 3.4%

RBC Capital Markets 2.4%

UBS 2.2%

Wells Fargo Securities 2.1%

HSBC 1.9%

Jefferies LLC 1.8%

BNP Paribas 1.5%

Lazard 1.4%

Global market share

Note: Worldwide; January 1 to July 24 2017

Further information regarding this statistic can be found on page 34.

Source: Dealogic ID 271008

 Global overview 9

Leading investment banks worldwide in 2017, by brand value

Leading investment banks worldwide in 2017, by brand value (in billion
U.S. dollars)

data

0 2 4 6 8 10 12 14

J.P. Morgan 11.82

Goldman Sachs 7.47

Bank of America 6.86

China Construction Bank 6.27

Bank of China 6.16

City 5.78

ICBC 5.72

HSBC 5.32

Morgan Stanley 4.07

Royal Bank of Canada 3.32

Brand value in billion U.S. dollars

Note: Worldwide; February 2017

Further information regarding this statistic can be found on page 35.

Source: Brand Finance ID 273906

 Global overview 10

Operating expenses of global investment banking industry 2010-2015

Operating expenses of investment banking industry globally from 2010 to
2015 (in billion U.S. dollars)

data

200

176.2 174.3
180 172.7 172.2 171.6
167.8

160
Operating expenses in billion U.S. dollars

140

120

100

80

60

40

20

0
2010 2011 2012 2013 2014 2015

Note: Worldwide; 2010 to 2015

Further information regarding this statistic can be found on page 36.

Source: BCG ID 586229

 Global overview 11

Size of financial advisory market worldwide 2011-2016

Size of global financial advisory market from 2011 to 2016 (in billion U.S.
dollars)

data

80

70.4
70 67.3
64.4
61.3
60 58.3
54.9
Market size in billion U.S. dollars

50

40

30

20

10

0
2011 2012 2013 2014 2015 2016

Note: Worldwide

Further information regarding this statistic can be found on page 37.

Source: Consultancy.uk ID 466437

Investment banking

Fees
 Fees 13

Leading global investment banks 2016, by fees

Leading investment banks worldwide in 2016, by fees (in million U.S.
dollars)

data

0 1000 2000 3000 4000 5000 6000 7000

JP Morgan 5,727.97

Goldman Sachs & Co 5,040.39

Bank of America Merrill Lynch 4,498.11

Morgan Stanley 4,453.97

Citi 3,843.4

Barclays 3,161.33

Credit Suisse 2,864.58

Deutsche Bank AG 2,701.96

Wells Fargo & Co 2,093.97

RBC Capital Markets 1,779.95

Fees in million U.S. dollars

Note: Worldwide

Further information regarding this statistic can be found on page 38.

Source: Thomson Reuters; Financial Times ID 244774

 Fees 14

Global investment banking fees 2015, by country

Value of investment banking fees in selected countries worldwide in 2015
(in billion U.S. dollars)

data

45
42.54

40
Value of investment banking fees in billion U.S. dollars

35

30

25

20

15

10
6.6
5.2
4.39
5 3.58
2.21

0
United States UK Japan Canada China Germany

Note: Worldwide; 2015

Further information regarding this statistic can be found on page 39.

Source: Thomson Reuters ID 244771

 Fees 15

Global investment banking fees 2015, by region

Value of investment banking fees worldwide in 2015, by region (in billion
U.S. dollars)

data

100

90 86.95

80
Value of investment banking fees in billion U.S. dollars

70

60

48.62
50

40

30
22.11

20
12.64

10
3.58

0
Global Americas EMEA Asia-Pacific Japan

Note: Worldwide

Further information regarding this statistic can be found on page 40.

Source: Thomson Reuters; ValueWalk ID 244728

 Fees 16

Investment banking fees globally 2007-2015

Value of investment banking fees worldwide from 2007 to 2015 (in billion
U.S. dollars)

data

120

103

100
94.4
Value of investment banking fees in billion U.S. dollars

86.9
84.6
78.6
80 76.3 77

69.7
66.3

60

40

20

0
2007 2008 2009 2010 2011 2012 2013 2014 2015

Note: Worldwide

Further information regarding this statistic can be found on page 41.

Source: Thomson Reuters; ValueWalk ID 244742

 Fees 17

Global investment banking fees 2014-2015, by product

Global investment banking fees from 2014 to 2015, by product (in billion
U.S. dollars)

Chart Title

2014 2015

30

26.04
25.22
25 24.19
23.59

21.42
20.81 20.56
Banking fees in billion U.S. dollars

19.53
20

15

10

0
M&A Bonds Equity Loans

Note: Worldwide; 2014 to 2015

Further information regarding this statistic can be found on page 42.

Source: Thomson Reuters ID 244745

 Fees 18

Leading corporate fee payers to investment banks worldwide 2015

Leading corporate fee payers to investment banks worldwide in 2015 (in
million U.S. dollars)

data

0 50 100 150 200 250 300 350 400 450 500 550

Charter Communications Inc 492

GE 472

Actavis PLC 417

Frontier Communications Corp 253

SunEdison Inc 242

Anheuser-Busch Inbev 235

Altice SA 205

Cheniere Energy Inc 198

AT&T Inc 196

Valeant Pharmaceuticals Intl 195

Value of fees in million U.S. dollars

Note: Worldwide; 2015

Further information regarding this statistic can be found on page 43.

Source: Thomson Reuters ID 244858

Investment banking

M&A deals
 M&A deals 20

Largest M&A investment banks worldwide in 2017, by revenue

Leading M&A investment banks worldwide in 2017, by revenue (in billion
U.S. dollars)

data

0 20 40 60 80 100 120 140 160

Morgan Stanley 142.69

Bank of America Merrill Lynch 130.28

Citi 123.92

Goldman Sachs 110.58

Lazard 96.53

JPMorgan 94.04

Rothschild & Co 80.73

Barclays 66.6

Credit Suisse 61

Evercore Partners Inc 45.53

Revenue (in billion U.S. dollars)

Note: Worldwide; 2017

Further information regarding this statistic can be found on page 44.

Source: Dealogic ID 244892

 M&A deals 21

Leading financial advisors to global M&A 2016, by deal value

Leading financial advisors to global merger and acquisition deals in 2016,
by deal value (in billion U.S. dollars)

data

0 100 200 300 400 500 600 700 800 900 1000

Morgan Stanley 871.1

Goldman Sachs 852.4

Bank of America Merrill Lynch 681

JPMorgan 610

Citi 553.7

Barclays 501

Credit Suisse 464.1

Evercore Partners 308.2

UBS Investment Bank 302

Lazard 280.5

Deutsche Bank 267

Rothschild 245.1

RBC Capital Markets 212.1

Centerview Partners 187.5

China International Capital Corporation 143.8

Value of M&A deals in billion U.S. dollars

Note: Worldwide; 2016

Further information regarding this statistic can be found on page 45.

Source: Mergermarket; ValueWalk ID 266616

 M&A deals 22

Number of M&A deals made by ten leading investment banks worldwide 2016
Number of M&A deals managed by ten leading investment banks
worldwide in 2016

data

0 50 100 150 200 250 300

Goldman Sachs 285

JPMorgan 271

Morgan Stanley 265

Lazard 224

Credit Suisse 202

Bank of America Merrill Lynch 202

Citi 194

Barclays 184

UBS Investment Bank 162

Deutsche Bank 129

Number of M&A deals

Note: Worldwide; 2016

Further information regarding this statistic can be found on page 46.

Source: Mergermarket ID 244711

 M&A deals 23

Leading financial advisors to M&A in Europe 2016, by deal value

Leading financial advisors to merger and acquisition deals in Europe in
2016, by deal value (in billion U.S. dollars)

data

0 50 100 150 200 250 300 350 400 450

Goldman Sachs 386.76

Morgan Stanley 384.39

Credit Suisse 231.47

Bank of America Merrill Lynch 229.94

Rothschild 225.63

Barclays 202.1

JPMorgan 198.87

Lazard 169.69

Deutsche Bank 159.11

UBS Investment Bank 156.29

Citi 129.39

Centerview Partners 110.5

Evercore Partners 110.11

HSBC 85.95

Robey Warshaw 66.35

Value in billion U.S. dollars

Note: Europe

Further information regarding this statistic can be found on page 47.

Source: Mergermarket; ValueWalk ID 275558

 M&A deals 24

Leading financial advisors to U.S. M&A 2016, by deal value

Leading financial advisors to merger and acquisition deals in the United
States in 2016, by deal value (in billion U.S. dollars)

data

0 100 200 300 400 500 600 700

Goldman Sachs 618.91

Morgan Stanley 603.87

Bank of America Merrill Lynch 522.89

Citi 468.56

JPMorgan 451.7

Barclays 416.8

Credit Suisse 308.68

Evercore Partners 303.21

Deutsche Bank 184.3

Centerview Partners 177.61

Lazard 158.96

RBC Capital Markets 143.39

Allen & Company 143.28

Rothschild 119.72

Perella Weinberg Partners 117

Value of M&A deals in billion U.S. dollars

Note: United States

Further information regarding this statistic can be found on page 48.

Source: Mergermarket; ValueWalk ID 275533

Investment banking

United States
 United States 26

Leading registered investment advisors in the U.S. 2016, by assets

Leading registered investment advisor companies (RIA) in the United
States in 2016, by managed assets (in billion U.S. dollars)

data

0 50 100 150 200 250

CAPTRUST, Raleigh 231.46

First Republic Investment Management, San Francisco 58.06

Hall Capital Partners, San Francisco 29.56

HighTower Advisors, Chicago 28.5

Creative Planning, Leawood 22

Silvercrest Asset Management Group, New York 18.6

Edelman Financial Services, Fairfax 17.78

United Capital Financial Advisers, Newport Beach 17.46

Moneta Group, Clayton 16.2

Advanced Capital Group, Minnepolis 14.56

Veritable, Newtown Square 14.04

Oxford Financial Group, Indianapolis 13.34

Mariner Wealth Advisors, Overland Park 13.2

BBR Partners, New York 12.48

Plante Moran Financial Advisors, Southfield 12

Assets in billion U.S. dollars

Note: United States; December 31, 2016; managed assets worth at least one billion U.S. dollars

Further information regarding this statistic can be found on page 49.

Source: Financial Advisor ID 322510

 United States 27

Share of household financial assets held in investment funds in U.S. 1995-2016

Share of household financial assets held in investment funds in the
United States from 1995 to 2016

data

30.0%

25.0% 24%

22% 22% 22%

21% 21% 21% 21%
20%
20.0% 19% 19% 19%
18% 18% 18% 18% 18% 18%
17%
Share of assets

16%

15.0% 14%

12%

10.0%

5.0%

0.0%
'95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16

Note: United States; 1995 to 2016

Further information regarding this statistic can be found on page 50.

Source: ICI; Federal Reserve ID 255519

 United States 28

Number of investment companies reporting to ICI in the U.S. 1997-2016

Number of investment companies reporting to Investment Company
Institute in the United States from 1997 to 2016 (in thousands)

data

20
18.88 18.98 18.96 19
18.4

18 17.47
16.62 16.86 16.86
16.36 16.23 16.48 16.33 16.42
16.07 16.08 16.05
15.69 15.63
16 15.31
Number of investment companies in thousands

14

12

10

0
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16

Note: United States; 1997 to 2016

Further information regarding this statistic can be found on page 51.

Source: ICI; Strategic Insight ID 295692

 United States 29

Number of investment fund industry employees in the U.S. 1997-2015

Number of investment fund industry employees in the United States from
1997 to 2015

data

200000

180000 174,000
168,000 166,000
157,000 159,000
160000 154,000
149,000
146,000

140000
Number of employees

120000 114,000

100000

80000

60000

40000

20000

0
1997 1999 2000 2005 2007 2009 2011 2013 2015

Note: United States; 1997 to 2015

Further information regarding this statistic can be found on page 52.

Source: ICI ID 255592

 United States 30

Consumer awareness of investment management apps in the U.S. 2016

Consumer awareness of investment management apps in the United
States in 2016

data

50.0%
47%

45.0%

40.0%

35.0%
Share of respondents

30.0%

25.0%
22%
21%

20.0%

15.0%

10%
10.0%

5.0%

0.0%
I am not familiar with it I am familiar with it, but will not use it I am familiar with it, and will probably I already use such services
use it

Note: United States; September 26 to 29, 2016; 18 to 69 years; 1,003; English-speaking resident population in the U.S.

Further information regarding this statistic can be found on page 53.

Source: Statista Survey ID 636395

Investment banking

References
 References 32

Revenue of global investment banks globally, by product group 2017

Revenue of largest investment banks worldwide, by product group as of
January 2017 (in million U.S. dollars)

Source and methodology information Notes:

*The figures from the product groups of debt capital markets (DCM) and
loans were merged for this statistic.
Source Dealogic

Conducted by Dealogic

Survey period January 16, 2016 to Jan 15, 2017

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Dealogic

Publication date January 2017

Original source fn.dealogic.com

Website URL visit the website

 References 33

Largest global investment banks 2016, by revenue

Leading investment banks worldwide in 2016, by revenue (in million U.S.
dollars)

Source and methodology information Notes:

n.a.
Source Dealogic

Conducted by Dealogic

Survey period January 3, 2016 to January 2, 2017

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Dealogic

Publication date January 2017

Original source fn.dealogic.com

Website URL visit the website

 References 34

Market share of revenue of leading global investment banks 2017

Global market share of revenue of leading investment banks as of July
24, 2017

Source and methodology information Notes:

n.a.
Source Dealogic

Conducted by Dealogic

Survey period January 1 to July 24 2017

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Dealogic

Publication date July 2017

Original source fn.dealogic.com

Website URL visit the website

 References 35

Leading investment banks worldwide in 2017, by brand value

Leading investment banks worldwide in 2017, by brand value (in billion
U.S. dollars)

Source and methodology information Notes:

Figures have been rounded.
Source Brand Finance

Conducted by Brand Finance

Survey period February 2017

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Brand Finance

Publication date February 2017

Original source Banking 500 2017, page 18

Website URL visit the website

 References 36

Operating expenses of global investment banking industry 2010-2015

Operating expenses of investment banking industry globally from 2010 to
2015 (in billion U.S. dollars)

Source and methodology information Notes:

Costs allocated to management, HR, communications and marketing, and
corporate real estate were included.
Source BCG

Conducted by BCG

Survey period 2010 to 2015

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by BCG

Publication date May 2016

Original source Global Capital Markets 2016: The Value Migration

Website URL visit the website

 References 37

Size of financial advisory market worldwide 2011-2016

Size of global financial advisory market from 2011 to 2016 (in billion U.S.
dollars)

Source and methodology information Notes:

n.a.
Source Consultancy.uk

Conducted by Consultancy.uk

Survey period 2011 to 2016

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Consultancy.uk

Publication date February 2016

Original source consultancy.uk

Website URL visit the website

 References 38

Leading global investment banks 2016, by fees

Leading investment banks worldwide in 2016, by fees (in million U.S.
dollars)

Source and methodology information Notes:

n.a.
Source Thomson Reuters; Financial Times

Conducted by Thomson Reuters

Survey period 2016

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Thomson Reuters; Financial Times

Publication date January 2017

Original source markets.ft.com

Website URL visit the website

 References 39

Global investment banking fees 2015, by country

Value of investment banking fees in selected countries worldwide in 2015
(in billion U.S. dollars)

Source and methodology information Notes:

n.a.
Source Thomson Reuters

Conducted by Thomson Reuters

Survey period 2015

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Thomson Reuters

Publication date January 2016

Original source Global Investment Banking Review - Full year 2015,

page 4

Website URL visit the website

 References 40

Global investment banking fees 2015, by region

Value of investment banking fees worldwide in 2015, by region (in billion
U.S. dollars)

Source and methodology information Notes:

n.a.
Source Thomson Reuters; ValueWalk

Conducted by Thomson Reuters

Survey period 2015

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Thomson Reuters; ValueWalk

Publication date January 2016

Original source valuewalk.com

Website URL visit the website

 References 41

Investment banking fees globally 2007-2015

Value of investment banking fees worldwide from 2007 to 2015 (in billion
U.S. dollars)

Source and methodology information Notes:

n.a.
Source Thomson Reuters; ValueWalk

Conducted by Thomson Reuters

Survey period 2007 to 2015

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Thomson Reuters; ValueWalk

Publication date January 2016

Original source valuewalk.com

Website URL visit the website

 References 42

Global investment banking fees 2014-2015, by product

Global investment banking fees from 2014 to 2015, by product (in billion
U.S. dollars)

Source and methodology information Notes:

Figures have been rounded.
Source Thomson Reuters

Conducted by Thomson Reuters

Survey period 2014 to 2015

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Thomson Reuters

Publication date January 2016

Original source Global Investment Banking Review 2015, page 6

Website URL visit the website

 References 43

Leading corporate fee payers to investment banks worldwide 2015

Leading corporate fee payers to investment banks worldwide in 2015 (in
million U.S. dollars)

Source and methodology information Notes:

n.a.
Source Thomson Reuters

Conducted by Thomson Reuters

Survey period 2015

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Thomson Reuters

Publication date January 2016

Original source Global Investment Banking Review 2015, page 7

Website URL visit the website

 References 44

Largest M&A investment banks worldwide in 2017, by revenue

Leading M&A investment banks worldwide in 2017, by revenue (in billion
U.S. dollars)

Source and methodology information Notes:

n.a.
Source Dealogic

Conducted by Dealogic

Survey period 2017

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Dealogic

Publication date March 2017

Original source dealogic.com

Website URL visit the website

 References 45

Leading financial advisors to global M&A 2016, by deal value

Leading financial advisors to global merger and acquisition deals in 2016,
by deal value (in billion U.S. dollars)

Source and methodology information Notes:

Figures have been rounded.
Source Mergermarket; ValueWalk

Conducted by Mergermarket

Survey period 2016

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Mergermarket; ValueWalk

Publication date February 2017

Original source Global and regional M&A 2016, page 4

Website URL visit the website

 References 46

Number of M&A deals made by ten leading investment banks worldwide 2016
Number of M&A deals managed by ten leading investment banks
worldwide in 2016

Source and methodology information Notes:

M&A stands for merger and acquisitions. Bank ranking is based on the total
value of the managed M&A deals.
Source Mergermarket

Conducted by Mergermarket

Survey period 2016

Region Worldwide

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Mergermarket

Publication date February 2017

Original source Global and regional M&A 2016, page 4

Website URL visit the website

 References 47

Leading financial advisors to M&A in Europe 2016, by deal value

Leading financial advisors to merger and acquisition deals in Europe in
2016, by deal value (in billion U.S. dollars)

Source and methodology information Notes:

Figures have been rounded.
Source Mergermarket; ValueWalk

Conducted by Mergermarket

Survey period 2016

Region Europe

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Mergermarket; ValueWalk

Publication date February 2017

Original source Global and regional M&A 2016, page 6

Website URL visit the website

 References 48

Leading financial advisors to U.S. M&A 2016, by deal value

Leading financial advisors to merger and acquisition deals in the United
States in 2016, by deal value (in billion U.S. dollars)

Source and methodology information Notes:

Figures have been rounded.
Source Mergermarket; ValueWalk

Conducted by Mergermarket

Survey period 2016

Region United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by Mergermarket; ValueWalk

Publication date February 2017

Original source Global and regional M&A 2016, page 8

Website URL visit the website

 References 49

Leading registered investment advisors in the U.S. 2016, by assets

Leading registered investment advisor companies (RIA) in the United
States in 2016, by managed assets (in billion U.S. dollars)

Source and methodology information Notes:

Registered investment advisors (RIA) are companies managing assets of
high net worth individuals. Figures have been rounded.
Source Financial Advisor

Conducted by Financial Advisor

Survey period December 31, 2016

Region United States

Number of respondents n.a.

Age group n.a.

Special characteristics managed assets worth at least one billion U.S. dollars

Published by Financial Advisor

Publication date July 2017

Original source RIA Survey and Ranking 2017, page 3

Website URL visit the website

 References 50

Share of household financial assets held in investment funds in U.S. 1995-2016

Share of household financial assets held in investment funds in the
United States from 1995 to 2016

Source and methodology information Notes:

Investment companies are open-end mutual funds, closed-end funds,
exchange-traded funds and unit investment trusts, registered in the United
Source ICI; Federal Reserve States. Mutual funds held in employer-sponsored DC plans, IRAs, and
variable annuities are included.

Conducted by ICI; Federal Reserve

Survey period 1995 to 2016

Region United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by ICI

Publication date April 2017

Original source 2017 Investment Company Fact Book, page 11

Website URL visit the website

 References 51

Number of investment companies reporting to ICI in the U.S. 1997-2016

Number of investment companies reporting to Investment Company
Institute in the United States from 1997 to 2016 (in thousands)

Source and methodology information Notes:

Figures have been rounded Data are for investment companies that report
statistical information to the Investment Company Institute. Assets of these
Source ICI; Strategic Insight companies are 98 percent of investor assets. Investment companies include
mutual funds (including funds investing primarily in other mutual funds),
closed-end funds, exchange-traded funds and unit investment trusts.
Conducted by Strategic Insight; ICI Exchange-traded funds data prior to 2001 were provided by Strategic Insight
Simfund. ETF data includes investment companies not registered under the
Investment Company Act of 1940 and ETFs that invest primarily in other
Survey period 1997 to 2016 ETFs.

Region United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by ICI

Publication date April 2017

Original source 2017 Investment Company Fact Book, page 22

Website URL visit the website

 References 52

Number of investment fund industry employees in the U.S. 1997-2015

Number of investment fund industry employees in the United States from
1997 to 2015

Source and methodology information Notes:

The source adds the following information: "Estimated number of employees
of fund sponsors and their services providers." Data for 2014 not provided by
Source ICI the source.

Conducted by ICI

Survey period 1997 to 2015

Region United States

Number of respondents n.a.

Age group n.a.

Special characteristics n.a.

Published by ICI

Publication date May 2016

Original source 2016 Investment Company Factbook, page 23

Website URL visit the website

 References 53

Consumer awareness of investment management apps in the U.S. 2016

Consumer awareness of investment management apps in the United
States in 2016

Source and methodology information Notes:

This question was phrased by the source as follows: "which of these products
or services of an alternate provider (i.e. fintechs) are you familiar with?
Source Statista Survey [Providers of services to manage investments via smartphone or internet (e.g.
Portfolio Tracker USA Today)]"

Conducted by Statista Survey

Survey period September 26 to 29, 2016

Region United States

Number of respondents 1,003

Age group 18 to 69 years

Special characteristics English-speaking resident population in the U.S.

Published by Statista Survey

Publication date November 2016

Original source statista.com

Website URL visit the website