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 a financial advisory firm based in Boston, Massachusetts. The company oversees $2.7 trillion in total assets across 14,615 customer accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). It has a very large group of 1,618 employees, of which 451 are financial advisors. Fidelity Management & Research Company LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are exchangable financial investments like options, bonds and stocks.

    Fidelity Management & Research Company LLC administers all of the company's client assets on a discretionary basis. Discretionary management means that a portfolio manager makes buy and sell judgments for the client's account without requiring the customer's consent. Fidelity Management & Research Company LLC oversees about $183.1 million in assets for each client account. The average financial advisor at Fidelity Management & Research Company LLC manages about 32 client accounts, placing it towards the middle in terms of personalization.

    The company's central office is located at 245 Summer Street, Boston, Massachusetts 2210. It is permitted to serve customers throughout a few states, including Connecticut, Massachusetts, New Hampshire and Rhode Island.

    Assets Under Management

    $2.7 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

    $2.7 trillion

    National Average: $3.7 billion
    Total Number of Employees

    1,618

    National Average: 29
    Total Number of Accounts

    14,615

    National Average: 2,073
    Average Account Size

    $183.1 million

    National Average: $1.8 million

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    Fee Structure

    Fees for financial management typically depend on the type of financial services offered. However, fee types charged by the firm likely consist 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 provided by the company.

    Available

    • Offered by 74% 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 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.

    Back to Overview

    Types of Clients

    The company works with high net worth investors, investment companies and pooled investment vehicles. Out of its 14,615 clients, Fidelity Management & Research Company LLC's biggest client group is high net worth investors, although it also caters to 13,693 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.

    • High-Net-Worth Individuals* - 95.72%
    • Other Individuals - 0%
    • Corporations - 4.28%
    • 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.

    Back to Overview
    Back to Overview

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    This content was compiled from the SEC and FINRA

    Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.