Top 20 banks where rich put their wealth

Bloomberg Markets Magazine has ranked top firms that manage money for the wealthiest families in the world.

Let's take a look at some of these firms.

Source: Business Insider

...

HSBC Private Wealth Solutions

Assets under advisement: $123.6 billion

Year-on-Year change: +21 per cent (No. 1)

Location: Geneva, Lugano and Zurich

Number of families: 297

Average amount invested per family: $416 million (No. 2)

Global rank: 1

...

Northern Trust Corporation

Assets under advisement: $90 billion

Year-on-Year change: +8 per cent (No. 6-tie)

Location: Chicago

Number of families: 4,101

Average amount invested per family: $22 million (No. 18)

Global rank: 2

...

BNY Mellon Wealth Management

Assets under advisement: $64.5 billion

Year-on-Year change: -1 per cent (No. 17)

Location: New York

Number of families: 424

Average amount invested per family: $152 (No.7)

Global rank: 3

...

Bessemer Trust

Assets under advisement: $62.4 billion

Year-on-Year change: +1 per cent (No. 15)

Location: New York

Number of families: 2,100

Average amount invested per family: $30 million (No. 16)

Global rank: 4

...

Pictet

Assets under advisement: $57.3 billion

Year-on-Year change: +3 per cent (No. 10-tie)

Location: Geneva

Number of families: 50

Average amount invested per family: $1.15 billion (No. 1)

Global rank: 5

...

UBS Global Family Office

Assets under advisement: $37.3 billion

Year-on-Year change: N/A

Location: Zurich

Number of families: 125

Average amount invested per family: $298 million (No. 3)

Global rank: 6

...

Wilmington trust (M&T Bank)

Assets under advisement: $31.9 billion

Year-on-Year change: +6 per cent (No. 8-tie)

Location: Wimington, Delaware

Number of families: 306

Average amount invested per family: $104 million (No. 9)

Global rank: 7

...

Abbot Downing (Wells Fargo)

Assets under advisement: $30.6 billion

Year-on-Year change: +12 per cent (No. 4)

Location: Minneapolis

Number of families: 597

Average amount invested per family: $51 million (No. 14)

Global rank: 8

...

US Trust (Bank of America)

Assets under advisement: $29.6 billion

Year-on-Year change: +3 per cent (No. 10-tie)

Location: New York

Number of families: 163

Average amount invested per family: $182 million (No. 5)

Global rank: 9

...

Hawthorn (PNC Financial)

Assets under advisement: $21.3 billion

Year-on-Year change: +9 per cent (No. 5)

Location: Philadelphia

Number of families: 550

Average amount invested per family: $39 million (No. 15)

Global rank: 10

...

Rockefeller Financial

Assets under advisement: $21 billion

Year-on-Year change: +14 per cent (No. 3)

Location: New York

Number of families: 238

Average amount invested per family: $88 million (No. 10-tie)

Global rank: 11

...

Glenmede

Assets under advisement: $20.5 billion

Year-on-Year change: +3 per cent (No. 10-tie)

Location: Philadelphia

Number of families: 163

Average amount invested per family: $126 million (No. 8)

Global rank: 12

...

Atlantic Trust Private Wealth Management (Invesco)

Assets under advisement: $17.3 billion

Year-on-Year change: +6 per cent (No. 8-tie)

Location: Atlanta

Number of families: 2,212

Average amount invested per family: $8 million (No. 19)

Global rank: 13

...

GenSpring Family Offices (affiliate of SunTrust Banks)

Assets under advisement: $17.5 billion

Year-on-Year change: -12 per cent (No. 18)

Location: Jupiter, Florida

Number of families: 654

Average amount invested per family: $27 million (No. 17)

Global rank: 14

...

Harris myCFO (BMO Financial Group)

Assets under advisement: $16.1 billion

Year-on-Year change: -13 per cent (No. 19)

Location: Palo Alto, California

Number of families: 239

Average amount invested per family: $67 million (No. 12)

Global rank: 15

...

Oxford Financial Group

Assets under advisement: $12.1 billion

Year-on-Year change: -13 per cent (No. 19)

Location: Carmel, Indiana

Number of families: 76

Average amount invested per family: $159 million (No. 6)

Global rank: 16

...

Veritable

Assets under advisement: $10.3 billion

Year-on-Year change: +2 per cent (No. 13-tie)

Location: Newtown Square, Pennsylvania

Number of families: 193

Average amount invested per family: $53 million (No. 13)

Global rank: 17

...

Silvercrest Asset Management

Assets under advisement: $10.2 billion

Year-on-Year change: +8 per cent (No. 6-tie)

Location: New York

Number of families: 116

Average amount invested per family: $88 million (No. 10-tie)

Global rank: 18

...

Frankfurt Family Office (Deutsche Bank)

Assets under advisement: $9.8 billion

Year-on-Year change: zero per cent (No. 16)

Location: Frankfurt

Number of families: 50

Average amount invested per family: $196 million (No. 4)

Global rank: 19 (tie)

...

Johnson Investment Counsel

Assets under advisement: $9.8 billion

Year-on-Year change: +2 per cent (No. 13-tie)

Location: Cincinnati

Number of families: N/A

Average amount invested per family: N/A

Global rank: 19 (tie)