Filing Flows › Industries › Investment Advice › Capital spending and supply chain
Investment Advice: capital spending and supply chain
SIC 6282 · 32 companies with filed cash-flow statements
Analysis
32 companies in Investment Advice (SIC 6282) spent $1.3B on capital projects over their latest twelve months, 5% of the $27.7B their operations generated; the three largest spenders — TROW, AMP, MORN — account for 43%.
Capital spending is 0.8% of the industry's $167.0B of annual revenue.
By the industry's asset mix most of it goes to software (69%); about $256M is imported.
The largest supplier of that spending is software publishers ($495M).
Its largest supplying industries, by the input-output tables: monetary authorities and depository credit intermediation ($8.0B), other real estate ($5.9B), nondepository credit intermediation and related activities ($4.5B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| TROW Price T Rowe Group | $268M | $1.9B | 14% | TTM to Q3 2026 |
| AMP Ameriprise Financial | $152M | $7.5B | 2% | TTM to Q3 2026 |
| MORN Morningstar | $149M | $642M | 23% | TTM to Q3 2026 |
| BX Blackstone | $134M | $6.0B | 2% | TTM to Q3 2026 |
| CG Carlyle Group | $130M | −$2.1B | — | TTM to Q3 2026 |
| IVZ Invesco | $100M | $1.9B | 5% | TTM to Q3 2026 |
| OWL Blue Owl Capital | $53.8M | $1.6B | 3% | TTM to Q3 2026 |
| BEN Franklin Templeton | $46.2M | $278M | 17% | TTM to Q3 FY26 |
| Alliancebernstein L.P. | $45.8M | $1.2B | 4% | TTM to Q3 2026 |
| PJT PJT Partners | $44.7M | $733M | 6% | TTM to Q3 2026 |
| EVR Evercore | $41.6M | $1.8B | 2% | TTM to Q3 2026 |
| HLI Houlihan Lokey | $25.3M | $427M | 6% | TTM to Q2 FY27 |
| BAM Brookfield Asset Management | $22.0M | $2.3B | 1% | TTM to Q2 2026 |
| FHI Federated Hermes | $19.6M | $405M | 5% | TTM to Q3 2026 |
| LAZ Lazard | $15.3M | $700M | 2% | TTM to Q3 2026 |
| GCMG GCM Grosvenor | $11.8M | $198M | 6% | TTM to Q2 2026 |
| HLNE Hamilton Lane | $10.5M | $282M | 4% | TTM to Q2 FY27 |
| AMG Affiliated Managers Group | $6.9M | $1.1B | 1% | TTM to Q2 2026 |
| VRTS Virtus Investment Partners | $6.1M | −$45.8M | — | TTM to Q2 2026 |
| SAMG Silvercrest Asset Management Group | $5.1M | $10.6M | 48% | TTM to Q3 2026 |
| RILY BRC Group Holdings | $4.9M | $150M | 3% | TTM to Q3 2026 |
| VCTR Victory Capital Holdings | $3.6M | $625M | 1% | TTM to Q3 2026 |
| APAM Artisan Partners Asset Management | $2.5M | $330M | 1% | TTM to Q3 2026 |
| CNS Cohen & Steers | $2.2M | $37.9M | 6% | TTM to Q3 2026 |
| STEP StepStone Group | $2.1M | −$437M | — | TTM to Q1 FY27 |
| RPC Ridgepost Capital | $1.5M | $98.1M | 2% | TTM to Q3 2026 |
| HKHC Horizon Kinetics Holding | $1.5M | −$29.6M | — | TTM to Q2 2026 |
| ABX Abacus Global Management | $1.3M | $90.8M | 1% | TTM to Q2 2026 |
| WHG Westwood Holdings Group | $837K | $16.9M | 5% | TTM to Q3 2026 |
| ALTI AlTi Global | $742K | $2.0M | 37% | TTM to Q2 2026 |
| DBRG DigitalBridge Group | $571K | $179M | 0% | TTM to Q2 2026 |
| HNNA Hennessy Advisors | $331K | $10.5M | 3% | TTM to Q3 FY26 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| FHI | BNY | 11% | Stated in 10-K (sentence) | filing |
| CNS | Cohen & Steers Realty Shares, Inc. (CSR) | 12% | Stated in 10-K (XBRL) | filing |
| NDAQ | STEP | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | ILLR | — | Stated in 10-K (named, share not stated) | filing |
| CNS | Cohen & Steers Income Opportunities REIT, Inc. | — | Stated in 10-K (named, share not stated) | filing |
| AAPL | ILLR | — | Stated in 10-K (named, share not stated) | filing |
| IVZ | Invesco Real Estate Income Trust Inc. | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | ILLR | — | Stated in 10-K (named, share not stated) | filing |
| BEN | FBRT | — | Stated in 10-K (named, share not stated) | filing |
| BEN | Franklin BSP Real Estate Debt, Inc. | — | Stated in 10-K (named, share not stated) | filing |
| ARES | ACRE | — | Stated in 10-K (named, share not stated) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.