Fidelity Management and Research
 |
|
| Privately held company | |
| Industry | Financial Services |
| Founded | 1946 (as Fidelity Management and Research Company) |
| Founder | Edward C. Johnson II |
| Headquarters | Boston, Massachusetts |
|
Area served
|
Worldwide |
|
Key people
|
Abigail Johnson, CEO Kathleen Murphy, President |
| Products |
Investment management Mutual funds Brokerage firm |
| Revenue |  US$15.9 billion (2016) |
| US$3.5 billion (2016) |
|
| AUM |
$2.13 trillion (2016) |
| Owner | Abigail Johnson and family (49%) Employees and ex-employees (51%) |
|
Number of employees
|
45,000, including 5,000 in Boston (2016) |
| Website | Fidelity.com |
Fidelity Investments is a multinational financial services corporation based in Boston, Massachusetts.
Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, wealth management, securities execution and clearance, and life insurance.
The company was founded as Fidelity Management & Research (FMR) by Edward C. Johnson II in 1946. In 1969, the company formed Fidelity International Limited (FIL) to serve non-U.S. markets. It was spun off in 1980. In 2010, it was rebranded as 'Fidelity Worldwide Investment'. In 1982, the company started offering 401(k) products. In 1984, the company offered computerized stock trading.
In 1997, Robert Pozen was named CEO. In 2010, Fidelity Ventures, its venture capital arm, was shut down, and many of the employees created Volition Capital. In 2011, Fidelity changed the name of its international division from Fidelity International to Fidelity Worldwide Investment and a new logo was introduced. In 2012, the company moved its Boston headquarters to 245 Summer Street.
FMR has three fund divisions: Equity (headquartered in Boston, Massachusetts), High-Income (headquartered in Boston) and Fixed-Income (headquartered in Merrimack, New Hampshire). The company's largest equity mutual fund is Fidelity Contrafund, which has $107.4 billion in assets, making it the largest non-indexed fund in the US. The current manager of Contrafund is William Danoff.
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Wikipedia