Fidelity Investments began in 1946 when Edward C. Johnson II established the company in Boston, Massachusetts. Originally focused on mutual funds, it pioneered money market funds in the 1970s. Over decades, the firm expanded into various financial services including brokerage operations, retirement planning solutions, and wealth management. Today, Fidelity provides numerous services like retail brokerage accounts, robo-advising, cryptocurrency trading, and 401(k) administration. The company remains privately held while serving millions of clients through both direct channels and employer partnerships.
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