Fmr Co., Inc

CRD#108617
Investment Advisor Firm

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Overview

Fmr Co., Inc operates as an advisory firm that has its headquarters in Boston, Massachusetts. The firm controls $918.9 billion in assets over 552 client accounts, making it one of the biggest firms in the nation by assets under management (AUM). The firm has a very large group of 1,120 employees, of which 332 are financial advisors. Fmr Co., Inc does not act as a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as options, equities and bonds.

Fmr Co., Inc administers all of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction choices for the client's account without needing the customer's consent. The advisory firm oversees an average of $1.7 billion in assets for every account. An average advisor at Fmr Co., Inc administers around two client accounts, placing it among the most individualized advisor firms in the country.

The company's central office is located at 245 Summer Street, Boston, Massachusetts 2210. The firm is legally allowed to serve investors throughout a few states, including Colorado, Massachusetts and Rhode Island.

Assets Under Management

$918.9 billion

Number of Advisors

332

Fee Structure

Asset-based, Performance-based, Other

Disclosures

Yes

Office Location

245 Summer Street
Boston, MA 02210

Fmr Co., Inc by the Numbers

Total Assets Under Management

$918.9 billion

National Average: $3.3 billion
Total Number of Employees

1,120

National Average: 4,943
Total Number of Accounts

552

National Average: 2,522
Average Account Size

$1.7 billion

National Average: $1.3 million

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Fee Structure

Fees for financial advisory services usually vary depending on the services provided. However, fee types charged by Fmr Co., Inc most likely include some combination of the following fee types: asset-based, performance-based or other. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

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 552 accounts, Fmr Co., Inc's largest client is investment companies. Just 1% of the company's accounts are represented by people from outside of the U.S.

  • 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

Fmr Co., Inc has disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA