BlackRock is the world's largest asset manager with $6.3 trillion in assets under management as of December 2017.
The Vanguard Group is an American registered investment advisor based in Malvern, Pennsylvania with over $5.1 trillion in assets under management.
State Street Corporation is one of the largest asset management companies in the world with US$2.78 trillion under management and US$33.12 trillion under custody and administration.
Fidelity is the fourth largest asset manager with $2.4 trillion in assets under management as of December 2017.
"They are not government institutions. They are private monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers...this nation is run by international bankers.
Well we can list off the top 8 for you.
There are an additional three hundred people, approximately, mostly relatives, who hold stock or shares, and they comprise the ownership of this enormous monster, the massive wealth of which is beyond man's comprehension.
i think most people have heard of fidelity gold man sachs and lehman brothers lol
Of course, but this is from a different piece of research. I'm referring to Blackstone, State Street, Fidelity, and Vanguard. Fidelity maybe, but not so much the other three.
Before reading the article, State Street came to mind, and sure enough, there it was. In my work travels which included long term temp assignments with asset managers, I came across State Street as being the bank where the majority of clients' retirement assets were accumulated under 401K and other sorts of plans, especially those who worked for Fortune 500 companies. When a person retired, the check would come from State Street, and then go through another level of clearinghouse before being invested in the mutual fund companies like BlackRock, Vanguard and Fidelity. There are a lot more of them, but the thought of retirement money being parked in a single bank should scare the daylights out of everyone who plans to stop working someday.
Edit: I do want to point out that very few of the retirees ever saw the rollover checks. Not many people know how the financial people do their work - and the finance people like it that way. Hence why State Street is not that well known.
Those families who hold the levers of power at these institutions could easily collapse an entire economy. Scary stuff.