Office address: 245 Summer Street, Boston, MA USA
Website: www.fidelity.com
Year established: 1946
Company type: finance
Employees: 23,000
Expertise: retirement, investments, online trading, asset management, IRA, 401(k), mutual funds, stocks, ETF, bonds, brokerage, cash management, annuities, life insurance, investing
Parent company: FMR LLC
CEO and key people: Abby Johnson, Chair and CEO
Financing status: -
Fidelity Investments is a leading global investment management, retirement planning, and wealth management company. With over $11.7 trillion in assets under management, Fidelity is one of the largest asset managers in the world.
Fidelity Investments was founded in 1946 by Edward C. Johnson II. The company began as a small investment advisory firm; through the years, it became known for a number of notable firsts.
The company introduced Trend and Capital funds in 1958, described as “two of the industry’s first aggressively managed equity funds.” In 1986, Fidelity Select Portfolios was the first to offer hourly pricing instead of end-of-day pricing. And in 2018, the company launched Fidelity ZERO Funds, the first of its kind in the industry.
More recently, Fidelity became the first brokerage firm to offer financial education in the metaverse through “The Fidelity Stack” in Decentraland.
Fidelity offers a wide range of products and services to its customers, including:
Fidelity has five commitments under its diversity and inclusion program: inclusion, transparency, diversity, opportunity, and accountability. These commitments extend to its people, customers, and the community.
The company supports its people through an extensive benefits package that covers retirement, health and insurance, and learning and development.
Fidelity has a strong sustainability program too. Priorities include using the company’s land in a responsible way, working with suppliers who prioritize ESG principles, and reducing the use of paper mail by 53% by 2025.
Abby Johnson is the third generation to lead Fidelity, following in the footsteps of her father and grandfather. She first joined the company in 1988 as an analyst and portfolio manager. She rose through the ranks, becoming president in 2013 and Chair and CEO in 2014.
Johnson is an Art History graduate from Hobart and William Smith Colleges. She also earned an MBA from Harvard Business School.
Under Johnson’s leadership, Fidelity ventured into the cryptocurrency market through a subsidiary called Digital Assets. This move reaffirms Fidelity’s reputation as a leader in the investment services industry.
Fidelity is committed to continued growth and innovation – introducing firsts is part of its DNA, after all. It continues to leverage technology in delivering products and services to its existing and potential customers. Along with this fast-paced growth in technology and innovation, Fidelity’s commitment to sustainability remains steadfast. There’s no doubt – Fidelity will continue to expand in scope, vision, and leadership.
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