September 22, 2014 5:58 AM ET

Capital Markets

Company Overview of Fidelity Investments

Company Overview

FMR LLC, doing business as Fidelity Investments is a privately owned investment manager. The firm also provides IRAs, 401(k) rollovers, annuities, discount brokerage services, retirement services, estate planning, wealth management, securities execution and clearance, and life insurance services to its clients. It launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in the public equity and fixed income markets across the globe. For its equity investments, it invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. For its fixed income investments, the firm invests in money market instruments, high yield securities, ...

82 Devonshire Street

Boston, MA 02109-3605

United States

Founded in 1946

Phone:

617-563-7000

Fax:

617-476-6150

Key Executives for Fidelity Investments

Chairman and Chief Executive Officer
Age: 84
Head of Distribution Channels
Age: 53
President of Asset Management
Age: 54
Managing Director and Senior Marketing Investment Strategist
Head of Defined Contribution Business Development and Executive Director
Compensation as of Fiscal Year 2014.

Fidelity Investments Key Developments

Fidelity Investments Seeks Acquisitions

Fidelity Investments is looking for acquisitions. Jed Weiss, portfolio manager is finding opportunities in Japan and parts of Europe, where economies have the prospect to go from mediocre to good. Weiss is finding more of these opportunities in Northern Europe, where countries like Netherlands, Denmark and Belgium endured housing crises like Spain and Portugal, but whose sovereign balance sheets are in better shape.

Fidelity Investments to Settle Excessive Fee Suits

Fidelity Investments has agreed to a settlement of two lawsuits charging it with subjecting its own 401(k) plan participants to high investment fees. Under the settlement agreement, without admitting any wrongdoing, Fidelity will pay up to $12 million to settle the suits, with the first payment being made to an escrow account in the amount of $1.2 million within 10 days of preliminary approval of the settlement by the court. In addition, the settlement calls for the following affirmative relief: - The default investment option under the plan shall be the Fidelity Freedom Funds-Class K; - The plan shall allow plan participants access to a large number of Fidelity and non-Fidelity mutual funds; - For employees eligible for a company match of 7% of deferrals, the automatic enrollment default deferral rate under the plan shall be raised from 3% of eligible compensation to 7% of eligible compensation, and current participants who are deferring less than 7% of pay will be defaulted to a 7% deferral rate; and - The plan shall provide that revenue sharing attributable to non-Fidelity mutual funds shall be credited to participants in the same way as revenue attributable to Fidelity mutual funds and collective trusts as spelled out in the eighth amendment to the 2005 restatement of the plan. This revision to the plan will remain in effect for at least three years.

Fidelity and Credit Suisse Sign Agreement to Offer Investors and Advisors Greater Access to IPOs

Fidelity Investments and Credit Suisse Securities (USA) LLC announced an agreement that provides Fidelity's brokerage clients the opportunity to participate in initial public offerings (IPOs) and follow-on equity offerings underwritten by Credit Suisse. The agreement expands Credit Suisse's potential investor base to Fidelity's millions of retail brokerage customers, as well as investors who work with advisors through Fidelity's registered investment advisor (RIA), correspondent broker/dealer and family office clients.

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