Most of the world’s largest asset managers are located in a small corridor in the Northeastern United States. Eight of the 14 firms that manage $1T or more are in the NY, Boston or Philadelphia areas. These include the five largest asset managers–BlackRock, Vanguard, Fidelity, J.P. Morgan, and BNY Mellon. Three others are located in other parts of the US and four are overseas–one each in France, UK, Japan and Norway. The Marimekko chart below shows the firms grouped by location:
I started to create this chart by copying data from this table on the Visual Capitalist page:
| Rank | Company | Country | AUM |
|---|---|---|---|
| #1 | BlackRock Inc. | USA | $5.7 trillion |
| #2 | Vanguard Group | USA | $4.4 trillion… |
I pasted the data into an Excel spreadsheet. I added a column to the sheet for the location of each asset manager (e.g., NY, Boston,…). I also used an Excel function =NUMBERVALUE(MID(D2,2,3)) to extract the number component from the AUM column. Next, I used a PivotTable with rows for company, columns for location, and AUM in numeric form for data to convert the table into the form needed for the Marimekko chart.
I created the chart in PowerPoint from the Excel data. I used the number format to add the $ and T to my values. I added location information to the firms that were outside of the Northeast (e.g., added Chicago to Northern Trust label). I sorted the bars using the custom sort to show the Northeastern cities on the left and the rest of the world on the right. I sorted each bar with the biggest company on the bottom. I customized the colors so that each bar had shades of the same color.
You can download this chart and edit it in Mekko Graphics.