2023
PLANADVISER DCIO Survey

Top 10 Providers

Top 10 Providers

DCIO MANAGERS, BY ASSETS ($MM AS OF 12/31/22)
1BlackRock$1,164,308
2Vanguard$1,161,080
3State Street Global Advisors$579,774
4T. Rowe Price$428,664
5Capital Group / American Funds$392,196
6J.P. Morgan Asset Management$237,900
7PGIM$155,818
8Fidelity Investments $148,489
9Allspring Global Investments$111,752
10PIMCO$106,533
LARGEST DCIO STANDALONE FUNDS, BY ASSETS ($MM AS OF 12/31/22)
1Equity Index (BlackRock)$369,536
2S&P 500® Index Strategy (State Street Global Advisors)$154,084
3Institutional Index Fund All Classes (Vanguard)$87,061
4EuroPacific Growth Fund® (Capital Group / American Funds)$73,867
5Fidelity 500 Index (Fidelity Investments)$47,127
6Dodge & Cox Stock Fund (Dodge & Cox )$43,070
7Jennison Large Growth Strategy (PGIM)$23,928
8Stable Return Fund (Allspring Global Investments)$23,013
9PIMCO Total Return Fund (PIMCO)$18,856
10MFS Value Fund (MFS Investment Management)$18,773
NUMBER OF DCIO FUNDS AVAILABLE ON RECORDKEEPING PLATFORMS
1Fidelity Investments 475
2BlackRock230
3Vanguard132
4T. Rowe Price126
5Nuveen122
6Columbia Threadneedle Investments110
7Dimensional Fund Advisors96
8PIMCO95
8Allspring Global Investments95
10State Street Global Advisors88
NUMBER OF RECORDKEEPING PARTNERS
1DoubleLine150
2AllianceBernstein (AB)93
3Hartford Funds92
4Putnam Investments75
4Nuveen75
6Capital Group / American Funds62
7BlackRock61
8PGIM55
9T. Rowe Price50
9Principal Asset Management50
9John Hancock Investment Management50
9MFS Investment Management50
9Dimensional Fund Advisors50
LARGEST DCIO TARGET-DATE FUNDS, BY ASSETS ($MM AS OF 12/31/22)
1Target Retirement Fund (Vanguard)$522,368
2LifePath Index (BlackRock)$257,504
3T. Rowe Price Retirement Date Funds (T. Rowe Price)$198,074
4American Funds Target-Date Retirement Series (Capital Group / American Funds)$162,299
5State Street Target Retirement Funds (State Street Global Advisors)$108,310
6Customized Retirement Strategies (AllianceBernstein (AB))$61,172
7JPMorgan SmartRetirement Blend CIT (J.P. Morgan Asset Management)$35,663
8One Choice Portfolios (American Century Investments)$23,197
9TIAA-CREF Lifecycle Index (Nuveen)$23,000
10Fidelity Freedom Index (Fidelity Investments)$16,279
LARGEST INCREASE IN DCIO ASSETS (2021 VS. 2022)
1John Hancock Investment Management7%
2Putnam Investments2%
3AllianceBernstein (AB)1%
4Vanguard0%
5Fidelity Investments -6%
6State Street Global Advisors-9%
7PGIM-10%
8Principal Asset Management-11%
9Neuberger Berman-12%
10Allspring Global Investments-13%