COMPANIES

American Century Investments

Office address: 4400 Main St, Kansas City, MO 64111
Website: americancentury.com
Year established: 1958
Company type: financial services
Employees: 1,400+
Expertise: mutual funds, exchange-traded funds (ETFs), target-date portfolios, target-risk portfolios, retirement planning, college savings, advisor solutions, institutional distribution, separately managed accounts, collective investment trusts
Parent company: American Century Companies, Inc.
Key people: Jonathan Thomas (CEO), Patrick Bannigan (CFO), Cleo Chang (chief investment solutions officer), Sarah Cossa (chief people officer), Brian Schappert (division head), John Pak (general counsel), and Victor Zhang (chief investment officer)
Financing status: shareholder-owned company

American Century Investments (ACI) is a Kansas City investment management firm managing $300 billion for global clients as of 2025. Its team offers active strategies through ETFs, mutual funds, and retirement accounts. The company directs 40 percent of annual profits to support medical research.

History of American Century Investments

The firm was founded in 1958 with $100,000 by James E. Stowers Jr. Originally Twentieth Century Mutual Funds, it used early computer models to screen stocks. Its reputation grew when Money magazine named Stowers a top stock picker.

Expansion and purpose

American Century Investments bought the Benham Group in the 1990s to add fixed-income options. After Stowers and his wife, Virginia, survived cancer, they used their wealth to build a medical research institute. The firm soon opened offices in London and Hong Kong to fund this mission globally.

New frontiers

Nomura Holdings, a Japanese financial giant, bought a minority stake to help the firm reach new markets. ACI then launched Avantis Investors to offer low-cost, tax-efficient strategies. It also pioneered the market's first active semi-transparent exchange-traded funds to aid investors.

Retail recognition

A 2025 report lists the firm as a top 10 manager for US household reach. This ranking reflects a surge in product awareness among investors using brokerage platforms. American Century Investments benefits as households increasingly recognize the specific investment brands they own. This standing allows the company to broaden its impact as it connects with modern investors.

American Century Investments products and services

The company sets its products apart by linking active management results directly to funding global medical research:

Investment funds

  • ETFs: active and factor-based funds across markets
  • mutual funds: diverse range for core and income
  • target-date portfolios: asset mix shifts as retirement nears
  • target-risk portfolios: strategies aligned with set risk levels
  • Avantis Investors: sub-brand for cost-effective, tax-efficient funds
  • private investments: strategies for qualified and institutional investors
  • collective investment trusts: institutional vehicles for retirement plan platforms

Investment accounts

  • retirement and IRAs: traditional and Roth accounts for savers
  • education and custodial: savings accounts for future education costs
  • general investing: taxable brokerage accounts for everyday needs
  • workplace retirement: tools for employees in company plans
  • small business plans: solutions for owners and their teams

For advisors

  • separately managed accounts: tailored portfolios for specific client needs
  • subadvisory services: management for other institutions' investment products
  • offshore and UCITS: vehicles for non-US and cross-border investors

American Century Investments offers specialized guidance for managing inflation risks and tax efficiency. Its brokerage platform supports comprehensive legacy planning and small business retirement solutions.

Culture and corporate values

American Century Investments states that people form its foundation. It reports that belonging celebrates differences, guided by these principles:

  • client-focused
  • courageous and accountable
  • collaborative
  • curious and adaptable
  • competitively driven

ACI also says that its rewards program creates an outstanding workplace for their staff. Its employee benefits include:

  • financial security: includes retirement matches, company stock, bonuses, and various insurance protections
  • health and wellness: offers medical plans, on-site fitness, gym reimbursement, and wellness coaching
  • work-life balance: covers paid time off, parental leave, caregiver support, and adoption assistance
  • professional development: provides tuition reimbursement, mentoring programs, and resources for career growth
  • community giving: matches employee contributions of time and money to chosen charities

American Century Investments also highlights employee-led business resource groups as part of its culture. These groups, such as Accelerate, Charlie Mike, and Pride, bring people together around shared experiences. They encourage learning, connection, and inclusion for employees at all career stages.

About CEO Jonathan Thomas and key people

Jonathan Thomas has led American Century Investments as chair, president, and CEO since 2007. Thomas joined the company in 2005 as CFO after working at Morgan Stanley. He holds an economics degree from the University of Massachusetts and an MBA from Boston College.

Thomas works alongside the management committee to lead ACI:

  • Patrick Bannigan serves as EVP and CFO, overseeing finances and capital planning
  • Cleo Chang works as SVP and chief investment solutions officer, leading multi-asset and investment solutions
  • Sarah Cossa is SVP and chief people officer, responsible for talent and human resources
  • Brian Schappert serves as SVP and head of US intermediary distribution, leading advisor and intermediary sales channels
  • John Pak works as SVP and general counsel, managing the firm's legal and regulatory matters
  • Victor Zhang is SVP and chief investment officer, directing the overall investment platform and oversight

Leaders at American Century Investments state that success starts with investing in people. Their big-picture thinking shapes the firm's strategies and culture.

The future at American Century Investments

To capture future growth, ACI targeted sectors with pricing power in late 2025, as senior portfolio manager Steve Brown explained to InvestmentNews. He noted that the One Big Beautiful Act supports supply-constrained areas like senior housing and class A offices. This strategy positions the company to secure long-term earnings growth as the economy improves.

To clear the path for this future, American Century Investments helped fund a $25.5 million settlement to compensate affected employees and resolve an employment dispute. This followed allegations that ACI and Mariner Wealth, an RIA, agreed not to compete for certain asset and wealth management staff.

This step allows the firm to address past issues while focusing on serving investors and advisors. It also signals that long-term success is tied to closer scrutiny of how the company treats its workforce.

Read the latest American Century Investments news below!

Displaying 128 results
Employment rigging settlement highlights ugly side of RIA industry
RIA NEWS AUG 06, 2025
Employment rigging settlement highlights ugly side of RIA industry

American Century and Mariner Wealth have moved to settle pay disputes with $25.5 million fund.

Figuring out the Fed and finding the best bonds
IN THE NASDAQ NOV 06, 2024
Figuring out the Fed and finding the best bonds

Balaji Venkataraman, client portfolio manager at American Century Investments, sits down with InvestmentNews anchor Gregg Greenberg to highlight the best opportunities in fixed income as the Fed makes its final moves for 2024.

American Century fund manager names top small-cap stocks
IN THE NASDAQ OCT 02, 2024
American Century fund manager names top small-cap stocks

Trevor Gurwich, senior portfolio manager at American Century Investments, sits down with InvestmentNews anchor Gregg Greenberg to offer his top picks in the small-cap arena.

Will the surge in Treasury yields slay the bulls (again)?
RIA NEWS APR 26, 2024
Will the surge in Treasury yields slay the bulls (again)?

So far in 2024 the rise in the 10-year Treasury yield has not significantly impinged on the market’s bullish behavior.

Actively managed emerging-market ETFs capture outsize share of flows
ETFS MAR 31, 2024
Actively managed emerging-market ETFs capture outsize share of flows

Developing nation stocks are trading at a discount of about 43 percent compared to peers in the US, just shy of the biggest valuation gap on record.

US investors still willing to trade returns for impact despite declining interest
RIA NEWS MAR 28, 2024
US investors still willing to trade returns for impact despite declining interest

Impact investing is showing weakness in international markets too.

Empower unveils comprehensive retirement income suite
Empower unveils comprehensive retirement income suite

The DC plan provider is rolling out an expansive shelf of retirement solutions through multiple partnerships.

REITs might be right for advisors searching for yield, earnings growth
RIA NEWS MAR 07, 2024
REITs might be right for advisors searching for yield, earnings growth

Office may have issues, but other property sectors have pricing power and can raise rents greater than inflation.

Mariner Wealth linked to American Century’s rigged hiring scheme
COMPLIANCE MAR 06, 2024
Mariner Wealth linked to American Century’s rigged hiring scheme

The companies 'explicitly agreed not to hire or recruit each other’s asset and wealth management professionals,' according to a lawsuit.

Will REITs continue to roil investors in 2024?
ALTERNATIVES JAN 29, 2024
Will REITs continue to roil investors in 2024?

It used to be elevators were the only things that rose and fell so regularly when it came to buildings. Now it’s the shares of the companies that own them

LTX launches AI-powered tool to help US bond traders
FINTECH JUN 06, 2023
LTX launches AI-powered tool to help US bond traders

BondGPT, which uses OpenAI technology to help power its bond analytics, will help traders find more liquid bonds at a better price.

John Hancock Retirement taps industry veteran Wayne Park as CEO
John Hancock Retirement taps industry veteran Wayne Park as CEO

Park will lead the company's US retirement plan and record-keeping unit, overseeing all aspects of the business.

Fintech Bytes: Ric Edelman partners with Flourish, American Century gets a robo
FINTECH JUL 01, 2022
Fintech Bytes: Ric Edelman partners with Flourish, American Century gets a robo

For your three-day weekend reading, here's a recap of some of the adviser fintech news you may have missed.

The 'Great Resignation' is an opportunity as well as a risk
The 'Great Resignation' is an opportunity as well as a risk

In her new role as head of ESG at American Century Investments, Sarah Bratton Hughes says she's ready to push the firm into the megatrends that will dominate the next 20 years.

Are asset managers giving plain old funds a green tint?
RIA NEWS SEP 27, 2021
Are asset managers giving plain old funds a green tint?

The greenwashing trend is raising eyebrows among advisers who wonder whether firms are just jumping on the ESG bandwagon.