Fidelity Investments Money Management, Inc

CRD#108252
Investment Advisor Firm

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Learn more about Fidelity Investments Money Management, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Overview

    Fidelity Investments Money Management, Inc operates as a financial advisory firm located in Boston, Massachusetts. The firm oversees $868.5 billion in assets under management over 167 accounts, placing it among the biggest investment advisory firms in the country by assets under management (AUM). It has a large team of 179 employees, one hundred thirty-four of whom are financial advisors. Fidelity Investments Money Management, Inc is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like bonds, options and equities.

    Fidelity Investments Money Management, Inc administers all of its accounts on a discretionary basis. Discretionary management means that buy and sell judgments for the client's account are made by an investment advisor without requiring client consent. The company's average account size is $5.2 billion. An average advisor at Fidelity Investments Money Management, Inc administers about one client account, placing it among the most individualized financial advisor firms in the country.

    The firm's central office is at 245 Summer Street, Boston, Massachusetts 2210. It is registered to provide services to customers in the state of New Hampshire.

    Assets Under Management

    $868.5 billion

    Number of Advisors

    134

    Fee Structure

    Asset-based, Performance-based, Other

    Disclosures

    Yes

    Office Location

    245 Summer Street
    Boston, MA 02210

    Fidelity Investments Money Management, Inc by the Numbers

    Total Assets Under Management

    $868.5 billion

    National Average: $3.3 billion
    Total Number of Employees

    179

    National Average: 4,943
    Total Number of Accounts

    167

    National Average: 2,522
    Average Account Size

    $5.2 billion

    National Average: $1.3 million

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    Fee Structure

    Financial management fees typically depend on the type of services provided. Fee types charged by Fidelity Investments Money Management, Inc most likely consist of some blend of the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

    Available

    • Offered by 75% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 17% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 12% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 37% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 3% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 1% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 40% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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    Types of Clients

    It caters to investment companies and pooled investment vehicles. Out of its 167 accounts, Fidelity Investments Money Management, Inc's largest client group is investment companies. Just 3% of the company's customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Fidelity Investments Money Management, Inc has disclosures.

    Please visit its Form ADV for more details.

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    This content was compiled from the SEC and FINRA