[OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit SuisseSubmitted by giteam t3_11wmpq4 in dataisbeautiful
rajhm t1_jd2da0g wrote
Reply to comment by brock_h in [OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit Suisse by giteam
I am guessing for that number, Schwab is the brokerage, not the asset manager. At Schwab's brokerage people have money in stocks, ETFs, mutual funds, bonds, etc. Some of the funds and ETFs are like iShares ETFs and contributing to Blackrock's AUM number.
Basically for the number being quoted, Blackrock has voting rights for the stock shares portion of that AUM. Schwab only has the same for those invested in Schwab's own funds.
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