Fidelity Management & Research Company LLC
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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
Number of Advisors
Disclosures
Office Location
Fidelity Management & Research Company LLC by the Numbers

$3.1 trillion

1,108

23,333

$134.9 million
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.
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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
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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.
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
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 10% of firms
Other
Unavailable
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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