Fidelity Investments: A Fortune 500 Powerhouse?

Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. It is one of the largest asset managers in the world, with trillions of dollars in assets under management and administration. The company offers a wide range of financial services, including brokerage, mutual funds, investment advice, and retirement services. In addition to its financial offerings, Fidelity has also been known for its experimentation with marketing techniques, such as its This Is Paul campaign featuring Paul McCartney. While Fidelity Investments itself is not listed as a Fortune 500 company, its affiliate, Fidelity National Financial, is a Fortune 500 company that provides title insurance and settlement services to the real estate and mortgage industries.

Fidelity Investments is a Fortune 500 company

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 $5.8 trillion in assets under management and $15 trillion in assets under administration as of September 2024. This makes Fidelity Investments one of the biggest players in the financial industry.

Fidelity Investments operates a brokerage firm, manages mutual funds, provides investment advice, and offers a wide range of financial services. The company has a strong presence in the United States, with investor centres in over 140 locations across the country. It also has a significant international presence, serving non-US markets through its subsidiary, Fidelity International Limited (FIL).

Fidelity Investments is a private company with a large number of employees, numbering 74,000 as of 2023. The company has consistently ranked highly in Fortune's rankings, including being recognised as one of America's Most Innovative Companies. The company's revenue figures further emphasise its financial strength, with revenues of $28.2 billion as of December 31, 2023.

Fidelity National Financial, a separate entity from Fidelity Investments, is also a Fortune 500 company. This company is primarily focused on providing title insurance and settlement services to the real estate and mortgage industries, generating $8.469 billion in annual revenue in 2019.

It is one of the largest asset managers in the world

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 a presence in over 140 locations across the US and offices in several other countries, Fidelity Investments operates on a global scale.

As of September 2024, the company had $5.8 trillion in assets under management and $15 trillion in assets under administration. This significant growth in assets under management, which stood at $3.2 trillion in 2019, has contributed to the company's position as a leading asset manager. The revenue boost to $20.9 billion and operating income increase to $6.9 billion further solidified this standing.

Fidelity Investments offers a diverse range of financial services, including brokerage services, mutual funds, fund distribution, investment advice, retirement services, index funds, wealth management, securities execution, and life insurance. The company's largest equity mutual fund, Fidelity Contrafund, boasts $107.4 billion in assets, making it the largest non-indexed fund in the US. Additionally, the company's brokerage arm, National Financial Services LLC, provides services to a wide range of clients, including correspondent broker-dealers, institutional investment firms, and banks.

The company's global presence and comprehensive range of financial services have solidified its position as one of the largest asset managers in the world. With a long history, experienced leadership, and a commitment to innovation, Fidelity Investments continues to be a prominent player in the financial industry.

The company has a large number of employees

Fidelity Investments 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 trillions of dollars in assets under management and administration. As of December 31, 2023, Fidelity Investments employed 74,000 people. This large workforce enables the company to provide a diverse range of financial services and operate on a global scale.

The company's presence extends beyond the United States, with offices in several countries, including Canada, Japan, Hong Kong, India, Ireland, and various European nations. In 1969, Fidelity formed Fidelity International Limited (FIL) to serve non-U.S. markets, demonstrating its early recognition of the importance of international expansion. This subsidiary was later spun off in 1980 as an independent entity owned by its employees, showcasing the company's commitment to its workforce.

Fidelity Investments' large employee base is distributed across multiple divisions and fund divisions. The company's three fund divisions, Equity, High-Income, and Fixed-Income, are headquartered in different cities, with the largest U.S. operations located in Merrimack, New Hampshire, and other significant locations across the country. The company's diverse workforce enables it to provide a wide range of services, including brokerage, mutual funds, fund distribution, investment advice, retirement services, index funds, wealth management, and more.

The company's commitment to its employees is further evident in its recognition of the importance of employee satisfaction and well-being. In 2021, Fidelity Investments announced plans to hire 16,000 new employees, demonstrating its continued growth and investment in its workforce. The company also understands the challenges of burnout in the financial industry and has taken steps to address this issue, recognizing the importance of a healthy and engaged workforce for long-term success.

Abigail Johnson is the CEO of Fidelity Investments

Abigail Pierrepont Johnson, born in 1961, is an American billionaire businesswoman and the current CEO of Fidelity Investments. Johnson has served as CEO of the company since 2014, taking over from her father, Edward C. "Ned" Johnson III. She also currently serves as chairman of the company, a position she has held since 2016.

Johnson is the granddaughter of the late Edward C. Johnson II, the founder of Fidelity Investments. The company was established in 1946 and is an American multinational financial services corporation based in Boston, Massachusetts. It is one of the largest asset managers in the world, with trillions of dollars in assets under management and administration.

Johnson joined Fidelity Investments in 1988 after receiving an MBA from Harvard Business School. She began her career at the company as an analyst and portfolio manager. Over the years, she held several positions, including president of Fidelity Asset Management and Head of Retail, Workplace, and Institutional Business. In 2012, she was named president of the company, and in 2014, she became CEO. Johnson has also been recognised for her contributions to the financial industry, ranking 8th on Forbes' "World's 100 Most Powerful Women" list in 2023.

Under Johnson's leadership, Fidelity has embraced new technologies and innovations, such as the introduction of cryptocurrency investment options for its clients. In 2018, the company launched a platform that allows institutional investors to custody and trade various cryptocurrencies, including Bitcoin and Ether. Johnson has also focused on expanding the company's footprint and hiring initiatives, aiming to create a diverse and inclusive workforce.

Fidelity National Financial is a separate company

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 trillions of dollars in assets under management and administration.

Fidelity National Financial (FNF), on the other hand, is a separate and distinct company that is a leading provider of title insurance and transaction services to the real estate and mortgage industries. Ranked #238 on the Fortune 500 list for 2022, FNF is the nation's largest title insurance company. The company is headquartered in Jacksonville, Florida, and has a market value of over $14 billion as of March 2024.

While both companies share the "Fidelity" name, they are separate entities with different areas of focus and operations. Fidelity Investments operates in the financial services industry, offering a wide range of investment and wealth management services. On the other hand, Fidelity National Financial specialises in title insurance and real estate transactions, ensuring the safety and security of property ownership for its customers.

Fidelity Investments has a long history dating back to the establishment of the Fidelity Fund in 1930, which later became known as Fidelity Management & Research in 1946. The company has since expanded globally, offering a range of financial products and services, including brokerage, mutual funds, retirement services, and more.

Fidelity National Financial, while also well-established, has a different focus and history. The company is dedicated to enhancing the customer experience in the real estate and mortgage industries by providing title insurance and transaction services. FNF encourages employee ownership of company stock, fostering a sense of family and commitment to continuous growth.

In summary, while both companies share the "Fidelity" name, Fidelity National Financial is a separate and distinct company from Fidelity Investments, with its own unique history, focus, and operations in the real estate and title insurance industries.

Frequently asked questions