Fidelity Management & Research Company LLC

CRD#108281
Investment Advisor Firm

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Learn more about Fidelity Management & Research Company LLC

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

    Fidelity Management & Research Company LLC is an advisory company headquartered in Boston, Massachusetts. It oversees $2.6 trillion in assets under management over 13,899 client accounts, placing it among the biggest firms in the country by assets under management (AUM). The company has a very large team of 1,618 employees, including 451 financial advisors. Fidelity Management & Research Company LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as stocks, bonds and options.

    Fidelity Management & Research Company LLC manages all of its client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction choices without requiring the client's approval. The firm's typical account size is $188.5 million. The typical advisor at Fidelity Management & Research Company LLC manages around 31 client accounts, making it about average in terms of personalization.

    Fidelity Management & Research Company LLC's headquarters is located at 245 Summer Street, Boston, Massachusetts 2210. The company is allowed to provide services to customers across a few states, including Connecticut, Massachusetts, New Hampshire and Rhode Island.

    Assets Under Management

    $2.6 trillion

    Number of Advisors

    451

    Disclosures

    No

    Office Location

    245 Summer Street
    Boston, MA 02210

    Fidelity Management & Research Company LLC by the Numbers

    Total Assets Under Management

    $2.6 trillion

    National Average: $3.3 billion
    Total Number of Employees

    1,618

    National Average: 31
    Total Number of Accounts

    13,899

    National Average: 1,935
    Average Account Size

    $188.4 million

    National Average: $1.7 million

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    Fee Structure

    Financial management fees usually are based on which service is provided. Fees charged by the firm likely are comprised of the following fee structures: asset-based, performance-based or other. The company participates in a wrap fee program, in which the company offers a bundle of services for a single fee.

    Available

    • Offered by 72% 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 35% 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 2% 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 39% 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

    The company works with high net worth investors, investment companies and pooled investment vehicles. Out of its 13,899 accounts, Fidelity Management & Research Company LLC's largest client is high net worth investors, although it also caters to 13,103 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 95.81%
    • Other Individuals - 0%
    • Corporations - 4.19%
    • 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 Management & Research Company LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    This content was compiled from the SEC and FINRA