BNET Industries
- Private
- US
Dow Jones Description
Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of $1.5 trillion as of January 31, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm.
Chief Executive Officer
Edward C. JohnsonNumber of Employees 46,400
Contact Information
82 Devonshire Street
Boston, Massachusetts 02109-3605
(800) 581-5800
Peer Companies
NAICS Code Pension Funds: 525110
Recent Events
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ANALYSIS-Market cap gives Fidelity options in transition
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Fund sales stage a recovery
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Fidelity Cutting Fees On All Its '529' Plans
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Fidelity Names Asset Management Czar
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Insider to lead Fidelity's asset management unit
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Former JDA Software Executive Joins Manthan Systems as President, US
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Terry Savage - Don't go sour on global stocks
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Wilens to Assume Fidelity Retirement Unit Post
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Former Fidelity trader liable on insider trading
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Fidelity introduces Roth IRA conversion tool for RIAs, brokers
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Fidelity Launches Own Version of Transition Tool
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Fidelity unveils Roth IRA conversion tool
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Moody's assigns rating to FMR notes
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Fidelity hires ex-Schwab exec for RIA business
News & Analysis
Filter by
401(k) plan and fidelity investments - All News and Analysis
Grab Your Reinstated 401(k) Match Post-Haste
BNET
- 2009-11-19
Many employers who eliminated 401k matching funds during the recession have reinstated them or plan to do so in the year ahead. If you reduced or halted your 401k contributions for that reason, you may soon get notice from HR that your match is back, if you haven't already --...
Fidelity Makes the Case Against the 401(k)
BNET
- 2009-08-14
Fidelity just released its quarterly analysis of accounts in the 17,500 401k plans it administers. The nation's number one administrator and manager of 401k assets reports that the balance in its average account rose 13.5% to $53,900--a nice jump. Then, in an odd follow-up feature, it listed what its analysts...
Who Will Survive the Mutual-Fund Shakeout?
BNET
- 2009-04-03
In a struggle that will almost certainly result in fewer and larger players, fund management companies are using diverse tactics to compete for a shrinking asset pool. After spectacular stock market losses and client withdrawals, firms seek a competitive edge in various ways as the industry consolidates. ...
401(k) fee suits suffer setback; Dismissal of Deere case could set precedent, affect other lawsuits.(Defined Contribution)
- 2007-07-09
Byline: Doug Halonen Lawsuits alleging that U.S. major corporations charged excessive fees to 401k participants have hit a big stumbling block. In a major blow, a U.S. District Court judge in Madison, Wis., on June 20 dismissed a lawsuit again Byline:...
Money managers join in jettisoning DB plans; Fidelity only latest firm to make move to defined contribution or cash balance plan.(Pension Funds)
- 2007-04-16
Byline: Jenna Gottlieb and Jay Cooper Fidelity Investments is not the only money manager ditching its defined benefit plan. Citigroup Inc., New York, announced in November that it will freeze benefit accruals in its $10 billion cash balance plan Byline: Jenna...
IBM advice offering to 401(k) participants signals trend; Fidelity, Ayco set to provide seminars, phone counseling.(News)
- 2007-03-26
Byline: Susan Kelly NEW YORK - IBM Corp.'s announcement that it will offer financial planning services to all 127,000 of its U.S. employees is the biggest sign yet that companies are increasingly interested in providing workers with more indi ...
At the bell.
- 2007-01-22
Fidelity testing 401k auto step-up Fidelity Investments wants to push the automated 401k plan into new territory with a feature that automatically steps up older employees' contributions to take advantage of the higher savings limit avail Fidelity testing...
News Briefs.(lawsuit against ABB, Continental Airlines Inc., California public pensions)
- 2007-01-08
ABB latest 401k plan to face lawsuit over fees KANSAS CITY, Mo. - Five participants in the 401k plan of ABB Inc., Norwalk, Conn., filed suit against the company and its trustee, Fidelity Management Trust, claiming they violated their fiduciary ABB latest 401k...
Fidelity, the last holdout on giving 401(k) advice, gives in; Feeling client heat, it strikes 401(k) deal with Financial Engines.(News)
- 2006-11-20
Byline: Jenna Gottlieb NEW YORK - Fidelity Investments, the last big 401k plan provider holdout on offering direct investment advice to participants, has bowed to pressure from its clients and signed on with Financial Engines Inc. ...
Defined contribution: The last holdout gives in; Fidelity, feeling heat from clients, chooses Financial Engines to offer investment advice to 401(k) clients.(News)
- 2006-11-13
Byline: Jenna Gottlieb BOSTON - Fidelity Investments, the last big 401k plan-provider holdout on offering direct investment advice to participants, has bowed to pressure from its clients and signed on with Financial Engines Inc. For about a de Byline: Jenna Gottlieb...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Edward C. Johnson | Chief Executive Officer |
| Abigail P. Johnson | President, Fidelity Employer Services Company |
| Charles G. Goldman | President, Institutional Platforms |
| Christopher Sullivan | President, Bond Group |
| Ed Orazem | President, Fidelity Family Office Services |
| Marvin W. Adams | President, Fidelity Shared Services |
| Michael Durbin | President, Fidelity Institutional Wealth Services |
| Peter Cieszko | President, Fidelity Investments Institutional Services Co. |
| Peter J. Smail | President, Fidelity Institutional Asset Management Group |
| Rodger A. Lawson | President |
| Dan Petrozzo | Chief Information Officer |
| Jacques Perold | Chief Operating Officer, Asset Management |
| Laura Cronin | CFO & Executive Vice President |
| Ronald E. DePoalo | Chief Information Officer, Fidelity Institutional Products Group |
| Guy L. Patton | Executive Vice President, HR |
| Joseph A. Giordano | Executive Vice President, Relationship Management, Institutional Wealth Services |
| David B. Jones | Senior Vice President, Product Strategy & Communications |
| Eric Schoen | Senior Vice President, Business Development |
| Jacqueline Shoback | Senior Vice President, Segment Market Growth |
| Laurel Link | Senior Vice President, Head of Staffing |
| Glenn Dill | Vice President, Product Development |
| Jody Johnson | Vice President, Staffing Account Manager |
| Steven McManus | Vice President, Marketing Communications |
| Stephen P. Jonas | Executive Director, Investment Management |
| C. Bruce Johnstone | Managing Director & Senior Marketing Investment Strategist |
| Cynthia Porter | Sourcing Director |
| Jill O'Connell | Director of Investment Staffing |
| Michael Fernando | Director, Executive Staffing |
| Charlie Yun-Min | Portfolio Manager, Developing Communications |
| James Morrow | Portfolio Manager, Technology |
| Anthony W. Ryan | Head, Asset-Management Strategy & Product-Development Unit |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Chief Executive Officer | Current |
| Fidelity Investments | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Fidelity Employer Services Company | Current |
| Fidelity Investments | Chairman, Fund Board | Current |
| Fidelity Investments | Board of Directors | Current |
| Fidelity Investments | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Institutional Platforms | Current |
| Foundation for Financial Planning | Executive Vice President and Chief Operating Officer of Schwab Institutional | Current |
| Schwab Institutional | Chief Operating Officer | Current |
| Schwab Institutional | Executive Vice President | Current |
| Foundation for Financial Planning | Board of Directors | Current |
| Paramount Citrus Association | President | Former |
| Paramount Farms, Inc. | President | Former |
| Paramount Farms, Inc. | Chief Operating Officer | Former |
| Paramount Citrus Association | Chief Operating Officer | Former |
| The Charles Schwab Corporation | Senior Vice President Ofventure Capital Investing | Former |
| Paramount Farms, Inc. | Vice President | Former |
| University of California, Los Angeles | MBA | Former |
| University of Southern California | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Bond Group | Current |
| The Goldman Sachs Group, Inc. | Co-Head, U.S. Fixed Income, GSAM | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Fidelity Family Office Services | Current |
| Citigroup Inc. | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Fidelity Shared Services | Current |
| Ford Motor Company | CIO & Senior Vice President | Former |
| Citigroup Inc. | Chief Information Officer | Former |
| Bank One Corp | Chief Information Officer | Former |
| Xerox Corporation | Head, Worldwide Engineering Systems | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Fidelity Institutional Wealth Services | Current |
| Morgan Stanley | Chief Operating Officer, National Sales Division, Global Wealth Management Group | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Fidelity Investments Institutional Services Co. | Current |
| Wachovia Corporation | President, Global Distr | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President, Fidelity Institutional Asset Management Group | Current |
Lawson was elected vice chairman of Prudential Financial in August 2002. He was executive vice president of Prudential Financial from February 2001 to August 2002, and previously served as executive vice president, International Investments and Global Marketing Communications, of Prudential Insurance, and as executive vice president, Marketing and Planning, from June 1996 to October 1998. Prior to joining Prudential, Lawson was the president and chief executive officer of VanEck Global from April 1994 to June 1996; managing director and partner, president and chief executive officer of Global Private Banking and Mutual Funds for Bankers Trust Company from January 1992 to April 1994; managing director and chief executive officer of Fidelity Investments-Retail from May 1985 to May 1991; and president and chief executive officer of Dreyfus Service Corporation from March 1982 to May 1985.
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | President | Current |
| Fidelity Investments | President, Distribution and Operations | Former |
| Prudential Financial, Inc. | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Chief Information Officer | Current |
| Morgan Stanley | Global Chief Information Officer & Head of Enterprise Infrastructure | Former |
| Morgan Stanley | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Chief Operating Officer, Asset Management | Current |
| Geode Capital Management, LLC | President | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | CFO & Executive Vice President | Current |
| Fidelity Investments | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Chief Information Officer, Fidelity Institutional Products Group | Current |
| Merrill Lynch & Co., Inc. | Managing Director & Chief Technology Officer, Global Wealth Management | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Executive Vice President, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Executive Vice President, Relationship Management, Institutional Wealth Services | Current |
| JPMorgan Chase & Co. | Managing Director, Global Client Services, Worldwide-Securities-Services | Former |
| Bankers Trust Company Inc. | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Senior Vice President, Product Strategy & Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Senior Vice President, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Senior Vice President, Segment Market Growth | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Senior Vice President, Head of Staffing | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Vice President, Product Development | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Vice President, Staffing Account Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Vice President, Marketing Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Executive Director, Investment Management | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Managing Director & Senior Marketing Investment Strategist | Current |
| The Boston Foundation For Sight | Board of Directors | Current |
| Needham Education Foundation, Inc. | Board of Directors | Current |
| Harvard Business School | MBA | Former |
| Harvard College | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Sourcing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Director of Investment Staffing | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Director, Executive Staffing | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Portfolio Manager, Developing Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Portfolio Manager, Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Fidelity Investments | Head, Asset-Management Strategy & Product-Development Unit | Current |
| U.S. Treasury Department | Acting Undersecretary, Domestic Finance | Former |
Executive News
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Senior executive leaves Fidelity post
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Senior Fidelity executive Michael Clark steps down
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Who's the top dog?
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Fidelity Investments: Staying Away from ETFs?
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Fidelity Assets Rise 8% to $2.8 Trillion
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ETF Roundup: August 20
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Fidelity sees rise in assets, inflows
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Fidelity president says assets, inflows rise
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INTERVIEW-Fidelity president says assets, inflows rise
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Fidelity's assets, inflows soar - company president
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Fidelity Hires New CIO
Industry Transcripts by Seeking Alpha
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on Dec 14, 2009about PAY
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on Dec 08, 2009about HRB
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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