Fidelity Investments
 |
|
| Private | |
| Industry | Financial Services |
| Founded | 1946 (as Fidelity Management and Research Company) |
| Founder | Edward Johnson, II |
| Headquarters | Boston, Massachusetts, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Abigail Johnson (Chief Executive Officer) (Chairman) Kathleen Murphy (President, Fidelity Personal Investing) |
| Products | Investment management, mutual funds, online brokerage |
| AUM |
 $2.1 trillion (August 27, 2016) |
|
Number of employees
|
45,000 (2016) |
| Website | Fidelity |
Abigail Johnson (Chief Executive Officer) (Chairman)
Fidelity Investments is an American multinational financial services corporation. It is the fourth largest mutual fund and financial services group in the world. Founded in 1946, the company has since served North American investors. Fidelity Ventures was its venture capital arm, which has since been shut down, with many of the employees moving on to create Volition Capital. Fidelity International Limited (FIL), was an affiliate founded in 1969, serving international markets and the rest of the world; FIL was spun off as an independent business in 1980, and has since been rebranded as 'Fidelity Worldwide Investment'.
Fidelity Investments manages a large family of mutual funds, provides fund distribution and investment advice services, as well as providing discount brokerage services, retirement services, wealth management, securities execution and clearance, life insurance and a number of other services.
Fidelity is a privately held company founded by Edward C. Johnson II in 1946, which is owned by employees and the Johnson family. Fidelity Management & Research Company (FMR), the US investment management division of Fidelity Investments, acts as the investment adviser to Fidelity's family of mutual funds. FMR has three fund divisions: Equity (headquartered in Boston, Massachusetts), High-Income (Boston) and Fixed-Income (Merrimack, New Hampshire).
The company's largest equity mutual fund is Fidelity Contrafund, which has more than $93 billion in assets as of May 2013, making it the largest single-manager fund in the US. The current manager of Contrafund is William Danoff. Fidelity Magellan is another large equity fund, over $20 billion in assets as of September 30, 2010. Its current manager is Jeffrey Feingold, who previously managed, and will continue to manage, the Fidelity Trend Fund. Fidelity Magellan was for many years the largest in the United States. It was run by Ned Johnson (May 2, 1963 to Dec. 31, 1971) and Peter Lynch (May 31, 1977 to May 31, 1990).
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Wikipedia