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 a financial advisory firm headquartered in Boston, Massachusetts. Fidelity Management & Research Company LLC handles $3.7 trillion in assets across 22,968 customer accounts, placing it among the largest financial advisory firms in the United States by assets under management (AUM). The company has a very large team, including 433 financial advisors. Fidelity Management & Research Company LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as bonds, options and stocks.

    Fidelity Management & Research Company LLC manages all of the company's client assets in a discretionary manner. Discretionary management is a structure in which transaction judgments for the client's account are made by an investment advisor without requiring the client's permission. The advisory firm oversees an average of $160.7 million in assets for each account. An average advisor at Fidelity Management & Research Company LLC manages around 53 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 registered to provide services to investors across a few states, including Connecticut, Illinois, Massachusetts, New Hampshire and Rhode Island.

    Assets Under Management

    $3.7 trillion

    Number of Advisors

    433

    Disclosures

    No

    Office Location

    245 Summer Street
    Boston, MA 02210

    Fidelity Management & Research Company LLC by the Numbers

    Total Assets Under Management

    $3.7 trillion

    National Average: $9.0 billion
    Total Number of Employees

    1,042

    National Average: 71,771
    Total Number of Accounts

    22,968

    National Average: 4,329
    Average Account Size

    $160.6 million

    National Average: $2.1 million

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    Products and Services

    Fidelity Management & Research Company LLC provides a number of financial services, which can consist of 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 is not involved in selling products or offering services aside from investment advisory services to its investment advisory customers. Fidelity Management & Research Company LLC also has a number of financial industry affiliations, 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 47% 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 21% of firms

      Selection of Other Advisors

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

    • Find a firm that offers this service

      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 largely are based on which services are offered. However, fees billed by Fidelity Management & Research Company LLC likely include the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Fidelity Management & Research Company LLC.

    Available

    • Offered by 70% 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 33% 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 works with a number of different customers. Fidelity Management & Research Company LLC works with retail investors, high net worth investors, investment companies, pooled investment vehicles and state or municipal government entities. Out of its 22,968 accounts, Fidelity Management & Research Company LLC's largest client type by number of accounts is high net worth investors, though it also serves 18,371 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 81.48%
    • Other Individuals - 15.85%
    • Corporations - 2.67%
    • 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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    Back to Overview

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    The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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