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
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Fidelity Management & Research Company LLC is an advisory firm that has its headquarters in Boston, Massachusetts. It administers $3.1 trillion in total assets over 23,333 customer accounts, making it one of the biggest financial advisory firms in the country by assets under management (AUM). Fidelity Management & Research Company LLC has a very large group, including 610 financial advisors. Fidelity Management & Research Company LLC is not a registered broker-dealer, meaning the advisor 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 like equities, bonds and options.

    Fidelity Management & Research Company LLC manages all of the company's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes transaction choices without requiring the customer's approval. The firm's typical account size is $135.0 million. The average financial advisor at Fidelity Management & Research Company LLC manages around 38 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 legally permitted to serve customers across 51 U.S. states and territories.

    Assets Under Management

    $3.1 trillion

    Number of Advisors

    610

    Disclosures

    No

    Office Location

    245 Summer Street
    Boston, MA 02210

    Fidelity Management & Research Company LLC by the Numbers

    Total Assets Under Management

    $3.1 trillion

    National Average: $8.6 billion
    Total Number of Employees

    1,108

    National Average: 64
    Total Number of Accounts

    23,333

    National Average: 375,227
    Average Account Size

    $134.9 million

    National Average: $23.0 thousand
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    Products and Services

    Fidelity Management & Research Company LLC provides a variety of services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers and other services. The firm does not sell products or offer services aside from investment advisory services to its investment advisory clients. Fidelity Management & Research Company LLC is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management typically vary depending on the services provided. Fees billed by the company likely include any combination of the following fee structures: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Fidelity Management & Research Company LLC.

    Available

    • Offered by 69% 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 26% 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 10% 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 21% 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 1% 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 0% 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 32% 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 does business with a number of different clients. It provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles and state or municipal government entities. Out of its 23,333 customers, Fidelity Management & Research Company LLC's biggest client is high net worth investors, although it also caters to 18,098 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 78.64%
    • Other Individuals - 18.79%
    • Corporations - 2.57%
    • 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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