Fidelity Investments, formally known as Fidelity Management & Research Company, is a privately held financial services firm headquartered in Boston, Massachusetts. Founded in 1946 by Edward C. Johnson II, the company has grown into one of the largest asset managers globally, overseeing trillions in assets under administration and in assets under management as of 2025. Fidelity operates under its parent organization, FMR LLC, and remains family-controlled, with ownership shared between the Johnson family and current and former employees. The firm provides a broad range of services, including investment management, brokerage, retirement planning, wealth management, and technology solutions for institutions. Fidelity is recognized for its early adoption of innovations such as online trading and its expansion into digital assets through Fidelity Digital Assets.
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