Fidelity Management & Research Company is a large advisory firm based in Boston. It manages $338.95 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, New Hampshire, and Rhode Island.
Fidelity Management & Research Company provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for foreign and proprietary funds and accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fidelity Management & Research Company is $338.95 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2725% since the beginning of its operation, and $353.85 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Fidelity Management & Research Company for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of John J (Mi Only) Remondi is investment companies with 312 clients and $338.6 billion of assets under management. Among the 12 most similar advisory firms, Fidelity Management & Research Company has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $338.95 billion for 326 clients. None of the firm’s clients are foreign persons or businesses.
Fidelity Management & Research Company also advises several private funds. Namely, one hedge fund and fifty one other private funds.
The company employs 321 people that are either part- or full-time employees. 7 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
John J (Mi Only) Remondi has been acting as President since 1 Jun 2007. Harley Jay Lank joined the executive team most recently as the Head Of High Income.
The principal office where Fidelity Management & Research Company performs its advisory services is located at 245 Summer Street, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in Smithfield, RI. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-563-7000 or by fax 603-864-2311. The normal business hours are 9:00am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at fidelity.com.