RESEARCH |
2015
DCIO Survey
Each year since this survey’s inception in 2012, investment managers have reported increased asset levels in their Defined Contribution Investment Only (DCIO) businesses. Although the names of the firms participating in the survey have changed somewhat, we can report that the 37 managers on this year’s list enjoyed a nearly $230 billion (8%) increase in DCIO assets from year-end 2013 to year-end 2014, and a $63 billion (2%) increase in just the three months between 12/31/2014 and 3/31/2015.
Reported by PLANADVISER
Top 10 Providers
DCIO MANAGERS BY ASSETS ($mm as of Q1 2015) | ||
---|---|---|
1 | BlackRock | $634,610 |
2 | TIAA-CREF | $433,498 |
3 | Capital Group/American Funds | $286,573 |
4 | State Street Global Advisors | $272,068 |
5 | T. Rowe Price | $226,415 |
6 | J.P. Morgan Asset Management | $146,304 |
7 | PIMCO | $130,500 |
8 | Northern Trust | $120,099 |
9 | Invesco | $97,817 |
10 | Goldman Sachs Asset Management | $78,424 |
NUMBER OF RECORDKEEPER SELLING AGREEMENTS | ||
---|---|---|
1 | Capital Group/American Funds | 259 |
2 | Janus | 225 |
3 | American Beacon Advisors | 200 |
4 | Lord Abbett | 134 |
5 | Legg Mason | 125 |
6 | American Century Investments | 114 |
7 | AB | 105 |
8 | Putnam Investments | 100 |
9 | Wells Fargo | 100 |
10 | Ivy Funds | 98 |
LARGEST INCREASE IN DCIO ASSETS (2013 vs. 2014) | ||
---|---|---|
1 | Principal Funds | 47.4% |
2 | Goldman Sachs Asset Management | 31.8% |
3 | J.P. Morgan Asset Management | 27.6% |
4 | Prudential Investments | 26.6% |
5 | Lazard Asset Management | 25.4% |
6 | Nuveen Investments | 17.4% |
7 | Great-West Financial | 15.7% |
8 | T. Rowe Price | 15.3% |
9 | BlackRock | 13.8% |
10 | Dimensional Fund Advisors | 13.1% |
TOP DCIO FUNDS BY ASSETS ($mm as of Q1 2015) | ||
---|---|---|
1 | BlackRock LifePath Target Date Fund | $126,904 |
2 | T. Rowe Price Retirement Date Funds | $84,772 |
3 | American Funds EuroPacific Growth Fund | $74,454 |
4 | State Street Global Advisors S&P 500 | $73,652 |
5 | PIMCO Total Return Fund | $58,298 |
6 | J.P. Morgan SmartRetirement Funds | $51,751 |
7 | John Hancock Lifestyle Portfolios | $49,104 |
8 | Invesco Stable Value Trust | $43,727 |
9 | AB Target-Date Strategies | $25,613 |
10 | Northern Trust S&P 500 Index Fund – DC Non-Lending | $19,679 |
NUMBER OF RECORDKEEPING PLATFORMS WITH DC ASSETS | ||
---|---|---|
1 | Fidelity Investments | 255 |
2 | Capital Group/American Funds | 229 |
3 | Janus | 225 |
4 | American Century Investments | 200 |
5 | Legg Mason | 125 |
6 | Lord Abbett | 102 |
7 | Putnam Investments | 100 |
7 | Wells Fargo | 100 |
9 | Franklin Templeton Investments | 90 |
10 | Federated Investors | 87 |
LARGEST INCREASE IN DCIO ASSETS (12/31/14 vs. Q1 2015) | ||
---|---|---|
1 | Prudential Investments | 14.7% |
2 | Principal Funds | 10.4% |
3 | Natixis Global Asset Management | 10.0% |
4 | Dimensional Fund Advisors | 9.4% |
5 | T. Rowe Price | 8.2% |
6 | John Hancock Investments | 6.6% |
7 | BlackRock | 5.9% |
8 | Wellington Management Company LLP | 5.3% |
9 | J.P. Morgan Asset Management | 5.0% |
10 | Franklin Templeton Investments | 4.4% |