Fidelity Management & Research Company

Fidelity Management & Research Company is a leading investment management firm founded by Edward Johnson II in 1946, with its headquarters in Boston, Massachusetts. The company is a subsidiary of FMR, LLC and is one of the largest investment managers in the world, with assets under management exceeding $2 trillion, comparable to BlackRock and Vanguard Group. Fidelity Management & Research Company is known for its expertise in managing assets for individual investors, institutional investors, and pension funds, such as CalPERS and TIAA. The company's investment strategies are guided by the principles of Warren Buffett and Benjamin Graham, and its portfolio managers have worked with renowned investors like Peter Lynch and Mario Gabelli.

● History

The history of Fidelity Management & Research Company dates back to 1946, when Edward Johnson II founded the company with a vision to provide investment management services to individual investors, similar to Charles Schwab and E\*TRADE. Over the years, the company has grown significantly, with key milestones including the launch of the Fidelity Fund in 1958, which was one of the first mutual funds in the United States, and the introduction of the Fidelity 401(k), a retirement savings plan designed for small businesses and individual investors. The company has also expanded its operations globally, with offices in London, Tokyo, and Hong Kong, and has established partnerships with international financial institutions like Deutsche Bank and UBS. Fidelity Management & Research Company has been led by prominent executives, including Abigail Johnson, who has been the CEO since 2014, and Edward Johnson III, who served as the CEO from 1977 to 2014, and has worked with notable investors like Carl Icahn and George Soros.

● Investments

Fidelity Management & Research Company offers a wide range of investment products and services, including mutual funds, exchange-traded funds (ETFs), and separately managed accounts (SMAs), similar to those offered by T. Rowe Price and Franklin Templeton. The company's investment portfolio includes assets such as stocks, bonds, commodities, and real estate investment trusts (REITs), and its portfolio managers have invested in companies like Apple Inc., Microsoft Corporation, and Johnson & Johnson. Fidelity Management & Research Company has also invested in emerging markets, including China, India, and Brazil, and has partnered with international companies like Alibaba Group and Tencent Holdings. The company's investment strategies are guided by a team of experienced portfolio managers, including Will Danoff, who manages the Fidelity Contrafund, and Joel Tillinghast, who manages the Fidelity Low-Priced Stock Fund, and has worked with notable investors like Bill Gross and Jeffrey Gundlach.

● Operations

Fidelity Management & Research Company operates a global network of offices and facilities, with its headquarters in Boston, Massachusetts, and regional offices in New York City, Chicago, and San Francisco. The company employs over 50,000 people worldwide, including investment analysts, portfolio managers, and customer service representatives, and has established partnerships with companies like IBM and Oracle Corporation. Fidelity Management & Research Company has also invested heavily in technology, including artificial intelligence (AI), machine learning (ML), and cloud computing, and has worked with technology companies like Amazon Web Services and Microsoft Azure. The company's operations are supported by a range of financial institutions, including banks, brokerage firms, and custodians, such as State Street Corporation and Bank of New York Mellon.

● Corporate Affairs

Fidelity Management & Research Company is a privately held company, owned by the Johnson family, including Abigail Johnson and Edward Johnson III. The company is governed by a board of directors, which includes prominent business leaders and investors, such as Robert Pozen and Rodney Ferguson, and has established partnerships with companies like Goldman Sachs and Morgan Stanley. Fidelity Management & Research Company has also been recognized for its commitment to corporate social responsibility (CSR), including initiatives such as sustainability investing and diversity and inclusion, and has worked with organizations like United Nations and World Economic Forum. The company has received numerous awards and recognition, including being named one of the Best Places to Work by Fortune magazine and one of the World's Most Admired Companies by Forbes.

● Products and Services

Fidelity Management & Research Company offers a wide range of products and services, including investment management, retirement planning, and wealth management, similar to those offered by Charles Schwab and E\*TRADE. The company's products include mutual funds, ETFs, and index funds, as well as separately managed accounts (SMAs), and its services include investment advice, portfolio management, and tax planning, and has worked with companies like H\&R Block and TurboTax. Fidelity Management & Research Company has also introduced innovative products and services, such as Fidelity Go, a robo-advisor platform, and Fidelity Labs, a fintech incubator, and has partnered with companies like Facebook and Google. The company's products and services are designed to meet the needs of individual investors, institutional investors, and financial advisors, and are supported by a range of financial institutions, including banks, brokerage firms, and custodians, such as JPMorgan Chase and Wells Fargo.