Fidelity Investments is one of the largest and most well-known financial services corporations in the world.
With a rich history spanning decades, Fidelity Investments has grown into a global powerhouse, offering a wide range of services, including asset management, retirement planning, and brokerage services.
This article delves into the companies owned by Fidelity Investments, their ownership structure, revenue, and more.
What is Fidelity Investments?
Fidelity Investments, founded in 1946 by Edward C. Johnson II, is a multinational financial services corporation headquartered in Boston, Massachusetts. The company initially started as a mutual fund company and has since expanded its offerings to include wealth management, retirement services, trading platforms, and more.
Fidelity is renowned for its innovation in the financial industry, being one of the first to offer discount brokerage services and pioneering the use of technology in investment management.
It has achieved significant milestones, including managing over $4 trillion in customer assets and serving millions of individual and institutional clients worldwide.
Who Owns Fidelity Investments?
Fidelity Investments is a privately held company, with the majority of its ownership concentrated within the Johnson family. The company has a unique ownership structure, with no publicly traded shares.
Below are the key shareholders:
Edward C. Johnson III
Edward C. Johnson III, the son of the founder, is the largest shareholder of Fidelity Investments. He owns approximately 49% of the company and has been instrumental in its growth and expansion.
Abigail Johnson
Abigail Johnson, the daughter of Edward C. Johnson III, owns about 24.5% of Fidelity Investments. She currently serves as the CEO and Chairman of the company, playing a pivotal role in its strategic direction.
Other Johnson Family Members
The remaining shares are held by other members of the Johnson family, ensuring that the company remains under family control.
List of Companies Owned by Fidelity Investments
Fidelity Investments owns and operates several subsidiaries and brands, each contributing to its diverse portfolio of financial services.
Below is a list of the major companies owned by Fidelity Investments:
Fidelity Management & Research Company (FMR)
FMR is the investment advisory arm of Fidelity Investments, responsible for managing mutual funds, ETFs, and other investment products. It is one of the largest asset managers in the world, with a focus on delivering value to its clients through research-driven strategies.
Fidelity Institutional
Fidelity Institutional provides investment and technology solutions to financial advisors, family offices, and institutions. It offers a wide range of services, including custody, clearing, and portfolio management.
Fidelity Personal Investing
This division caters to individual investors, offering brokerage accounts, retirement planning, and wealth management services. It is known for its user-friendly platforms and robust customer support.
Fidelity Workplace Investing
Fidelity Workplace Investing specializes in employer-sponsored retirement plans, such as 401(k) and pension plans. It serves millions of employees across the United States, helping them save for retirement.
Fidelity Charitable
Fidelity Charitable is one of the largest donor-advised fund programs in the U.S. It allows donors to contribute to charitable causes while enjoying tax benefits.
Fidelity International (FIL)
Fidelity International operates independently of Fidelity Investments and provides investment management services to clients outside the United States. It has a strong presence in Europe, Asia, and other regions.
Fidelity Digital Assets
Fidelity Digital Assets focuses on cryptocurrency and blockchain technology. It offers custody and trading services for digital assets, catering to institutional investors.
Fidelity Brokerage Services
Fidelity Brokerage Services is one of the largest brokerage firms in the United States, offering trading platforms for stocks, ETFs, options, and mutual funds. It provides individual investors with tools and resources to manage their portfolios effectively. The platform is known for its low fees, robust research tools, and educational resources for traders of all experience levels.
Fidelity Bank
Fidelity Bank is a subsidiary that provides banking services, including savings accounts, loans, and credit products. While it operates on a smaller scale compared to Fidelity’s investment services, it complements the company’s financial ecosystem by offering traditional banking solutions to its customers.
Fidelity Labs
Fidelity Labs is the innovation arm of Fidelity Investments, focused on developing cutting-edge financial technologies. It works on projects related to artificial intelligence, blockchain, and digital transformation. Fidelity Labs plays a crucial role in keeping the company at the forefront of technological advancements in the financial industry.
Fidelity Real Estate Investment
Fidelity Real Estate Investment manages real estate assets and offers real estate investment trusts (REITs) to clients. This subsidiary focuses on acquiring, developing, and managing commercial and residential properties, providing investors with opportunities to diversify their portfolios through real estate.
Fidelity Health Care Services
Fidelity Health Care Services specializes in providing health savings accounts (HSAs) and other health-related financial products. It helps individuals and employers manage healthcare costs by offering tax-advantaged savings solutions and investment options tied to healthcare expenses.
Fidelity Insurance Agency
Fidelity Insurance Agency offers insurance products, including life insurance, annuities, and long-term care insurance. This subsidiary helps clients protect their financial futures by providing tailored insurance solutions that align with their investment and retirement goals.
Fidelity Clearing & Custody Solutions
Fidelity Clearing & Custody Solutions provides clearing and custody services to institutional clients, including broker-dealers, registered investment advisors (RIAs), and family offices. It ensures the safekeeping of assets, facilitates trade settlements, and offers reporting and analytics tools.
Fidelity Strategic Advisers
Fidelity Strategic Advisers is the portfolio management arm of Fidelity Investments, offering managed accounts and discretionary investment services. It creates customized investment strategies for high-net-worth individuals and institutional clients, leveraging Fidelity’s research and expertise.
Fidelity Wealth Technologies
Fidelity Wealth Technologies develops software and platforms for financial advisors and wealth managers. Its solutions include portfolio management tools, client reporting systems, and digital onboarding platforms, enabling advisors to deliver a seamless client experience.
Fidelity Crypto
Fidelity Crypto is a newer venture focused on providing retail and institutional investors with access to cryptocurrency trading and custody services. It builds on the success of Fidelity Digital Assets and aims to make cryptocurrency investing more accessible to a broader audience.
Fidelity Environmental, Social, and Governance (ESG) Investing
Fidelity ESG Investing focuses on sustainable and socially responsible investment strategies. It offers ESG-focused mutual funds and ETFs, allowing investors to align their portfolios with their values while pursuing financial returns.
Fidelity Capital Markets
Fidelity Capital Markets provides institutional trading services, including equity, fixed income, and foreign exchange trading. It serves as a bridge between institutional clients and global markets, offering liquidity and execution services.
Fidelity Ventures
Fidelity Ventures is the venture capital arm of Fidelity Investments, investing in early-stage and growth-stage technology companies. It focuses on fintech, healthcare, and enterprise software startups, leveraging Fidelity’s expertise to identify high-potential opportunities.
Fidelity Tax-Exempt Funds
Fidelity Tax-Exempt Funds specializes in municipal bond funds and other tax-advantaged investment products. These funds are designed to provide investors with income that is exempt from federal and, in some cases, state taxes.
Fidelity Global Asset Allocation
Fidelity Global Asset Allocation manages multi-asset portfolios for clients seeking diversified exposure to global markets. It combines equities, fixed income, and alternative investments to create balanced and risk-adjusted strategies.
Fidelity Advisor Solutions
Fidelity Advisor Solutions provides tools and resources for financial advisors, including practice management support, marketing materials, and client engagement platforms. It helps advisors grow their businesses and better serve their clients.
Fidelity Charitable Gift Fund
The Fidelity Charitable Gift Fund is a donor-advised fund program that allows individuals to make charitable contributions and recommend grants to nonprofit organizations. It is one of the largest donor-advised funds in the U.S., offering flexibility and tax benefits to donors.
Fidelity Institutional Wealth Services
Fidelity Institutional Wealth Services offers custodial and support services to independent wealth management firms. It provides technology, investment solutions, and operational support to help advisors manage their practices efficiently.
Fidelity Investments Revenue and Net Worth
As of 2024, Fidelity Investments reported revenue of approximately $25 billion with a net worth exceeding $15 trillion as of December 2024. The company has consistently grown its revenue over the past decade, driven by its diversified business model and strong market presence.
Historical Revenue (2014-2024)
- 2014: $14.2 billion
- 2015: $15.1 billion (+6.3% YoY)
- 2016: $16.0 billion (+6.0% YoY)
- 2017: $17.2 billion (+7.5% YoY)
- 2018: $18.5 billion (+7.6% YoY)
- 2019: $20.1 billion (+8.6% YoY)
- 2020: $21.3 billion (+6.0% YoY)
- 2021: $22.5 billion (+5.6% YoY)
- 2022: $23.4 billion (+4.0% YoY)
- 2023: $24.2 billion (+3.4% YoY)
- 2024: $25.0 billion (+3.3% YoY)
Final Words
Fidelity Investments has established itself as a leader in the financial services industry, with a diverse portfolio of companies and a strong commitment to innovation.
Its family-owned structure has allowed it to maintain a long-term vision, while its subsidiaries cater to a wide range of clients, from individual investors to large institutions. As the company continues to evolve, it remains a trusted partner for millions of people worldwide.
FAQs
Is Fidelity Investments a publicly traded company?
No, Fidelity Investments is a privately held company owned primarily by the Johnson family.
Who is the CEO of Fidelity Investments?
Abigail Johnson currently serves as the CEO and Chairman of Fidelity Investments.
What services does Fidelity Investments offer?
Fidelity Investments offers a wide range of services, including asset management, retirement planning, brokerage services, and digital asset solutions.
Does Fidelity Investments own Fidelity International?
Fidelity International operates independently but shares a common heritage with Fidelity Investments.
How much is Fidelity Investments worth?
As of 2024, Fidelity Investments has a net worth exceeding $700 billion.
What is Fidelity Digital Assets?
Fidelity Digital Assets is a subsidiary of Fidelity Investments that focuses on cryptocurrency and blockchain technology, offering custody and trading services for institutional investors.