Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, and provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.
Fidelity is the largest U.S. brokerage firm and continues to be our first choice for both the best online broker and a low-cost broker. Founded in 1943 in Boston, Fidelity has 40 million individual investors, $11.3 trillion in assets under administration, $4.3 trillion in discretionary assets, and accounts for 3.1 million trades daily.
“Take intelligent risks rather than follow the crowd,” has been the firm’s guiding principle since its founding. It continues to impact Fidelity, as seen by current Chairman and CEO, Abby Johnson’s comment that “the reason why we exist hasn’t changed since our founding…to strengthen and secure our clients’ financial well-being.”
The company continues to invest in its systems and innovate within its online trading platforms, such as adding an enhanced investor dashboard that remembers where you were when you closed the program, so you start at that page on the next login. It also has added thematic baskets and customizable indexes that can be rebalanced for individuals.
According to en.wikipedia.org; .investopedia.com. Source of photo: internet