Company library · Asset Managers & Investment Banks
Asset Managers & Investment Banks: the moats, the numbers, the verdicts.
25 companies covered. Every report re-run after the latest earnings.
Ameriprise Financial, Inc. AMP
The bet you're really making is that Ameriprise keeps turning ordinary well-off Americans, the doctor with $2 million, the couple near retirement, into clients whose money it manag
Apollo Global Management, Inc. APO
The bet you're really making is that Apollo keeps gathering more money to manage, most of it tied to its insurance arm Athene, and keeps earning a steady annual cut on it. You're b
Ares Management Corporation ARES
The bet you're really making is that big investors, and now wealthy individuals, keep handing Ares their money to lend to midsize companies that banks no longer serve, and keep pay
The bet you're really making is that Vivek Ramaswamy can turn Strive, the money manager now sitting inside this ticker, into a machine that owns more bitcoin for every share you ho
Brookfield Asset Management Ltd. BAM
The bet you're really making is that the world's pensions and sovereign funds keep handing Brookfield more money to run, and pay it a fee every year to run it, spread across wind f
Bitmine Immersion Technologies, Inc. BMNR
The bet you're really making is that Ethereum, the crypto coin, keeps rising, and that owning this company is a clean way to own a very large pile of it. BitMine holds billions of
The bet you're really making is that the world's biggest investors, pensions and sovereign wealth funds, keep handing Blackstone their money to invest for years at a time and keep
The bet you're really making is that USDC, the digital dollar Circle runs, keeps growing, so more and more dollars sit in Circle's care. You're betting the interest on those dollar
The bet you're really making is that companies keep hiring Evercore's bankers to advise them when they buy, sell, or merge, and hand over a slice of every deal for the advice. Unde
The bet you're really making is that Galaxy makes good money buying and selling crypto for big clients when markets are busy, and pours that cash, plus a lot of freshly printed sto
The Goldman Sachs Group, Inc. GS
The bet you're really making is that Goldman Sachs keeps making a lot of money advising on takeovers, underwriting stock and bond sales, and buying and selling securities, and that
Robinhood's proxy reports that Vlad Tenev realized $1.1B in 2025 when 11,065,463 shares from his 2019 stock-price awards finished vesting, against a salary of $34,248, no bonus, an
The bet you're really making is that Invesco keeps pulling money into its funds, above all QQQ, the giant fund that holds the hundred biggest Nasdaq companies, and keeps enough of
The bet you're really making is that KKR keeps raising more money from pensions, sovereign funds and everyday retirement savers, and keeps collecting fees on it whether or not any
The bet you're really making is that Lazard, a 177-year-old advice-only bank in New York, keeps getting hired for the biggest mergers, breakups, and government debt fights in the w
MarketAxess Holdings Inc. MKTX
The bet you're really making is that big investors keep buying and selling corporate bonds on a screen instead of over the phone, and keep doing it on MarketAxess. You're betting i
The bet you're really making is that Morgan Stanley has quietly turned into a money-management machine that earns steady fees from millions of wealthy clients whether or not market
The bet you're really making is that Oppenheimer, a broker-dealer that has worked Wall Street since 1881, keeps earning more from two things at once: managing money for wealthy fam
The bet you're really making is that Blue Owl keeps gathering more money to manage, most of it lent to mid-size companies that banks no longer serve, and keeps taking a yearly fee
Raymond James Financial, Inc. RJF
The bet you're really making is that Raymond James keeps attracting financial advisors, and those advisors keep bringing their clients' savings with them when they come. Underneath
The bet you're really making is that banks, financial advisers, and big pension funds keep paying SEI every month to run the software and back-office work that tracks where their c
The bet you're really making is that StoneX stays the middleman connecting farmers, food companies, miners, and money managers to the markets where they lock in prices and move cas
The bet you're really making is that more of the world's bond volume keeps moving from the phone to the screen, and keeps moving onto Tradeweb's screen. You're betting that as bank
The bet you're really making is that TeraWulf stops being a bitcoin miner and becomes a landlord for artificial-intelligence computers, renting buildings full of chips next to chea
The bet you're really making is that Brazilians keep pulling their savings out of the big banks and moving that money onto XP's investing platform, and keep paying XP a slice to lo