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BlackRock remained the largest firm overall, withR$8.59 trillion in total assets globally vs. Vanguard'sR$7.25 trillion, and has a much larger presence with clients such as government-sponsored retirement plans and sovereign wealth funds.

Fidelity and Vanguard are two of the largest investment companies in the world. Fidelity boasts over 43 million individual investors andR$1 1.5 trillion in assets under administration (AUA). 1 Meanwhile, Vanguard has more than 30 million investors andR$8.5 trillion in assets under management.