Formerly | Fidelity Management and Research Company |
---|---|
Company type | Private |
Industry | Financial services |
Founded | 1946 | (as Fidelity Management & Research)
Founder | Edward C. Johnson II |
Headquarters | 245 Summer Street Boston, Massachusetts, U.S. |
Area served | Worldwide |
Key people | |
Products | |
Services | |
Revenue | US$28.2 billion (2023)[2] |
US$8.5 billion (2023)[2] | |
AUM | US$12.6 trillion (2023)[2] |
Owner | Abigail Johnson and family (49%) Current and former employees (51%) |
Number of employees | 74,000 (2023)[3] |
Website | www |
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $5.4 trillion in assets under management, and $14.1 trillion in assets under administration, as of June 2024[update], [4] Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.[5]