A look at Fidelity Investments
From AP News | 2010-01-20 22:32:39
<div id="subtitle">Fidelity Investments at a glance</div><div><p>A look at Fidelity Investments:</p><p>HISTORY: Founded in Boston in 1946 by Edward C. Johnson II to act as investment adviser to the Fidelity Fund.</p><p>TOP EXECUTIVE: Chairman and Chief Executive Edward C. "Ned" Johnson III, age 79, started at Fidelity as research analyst in 1957.</p><p>EMPLOYEES: 37,000.</p><p>BUSINESS OPERATIONS: Assets under administration total $3.2 trillion, including $1.24 trillion in mutual funds Fidelity manages; $1.22 trillion in administered assets for which Fidelity performs record-keeping and other services; and $773 billion in mutual funds Fidelity distributes to its clients, even though other companies manage the funds.</p><p>OWNERSHIP: Privately held; 49 percent of voting stock in Fidelity is owned by members of the Johnson family, the rest by key employees.</p><p>___</p><p>Source: Fidelity</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67388930&bid=informcom" /></div><div id="copyright"><div>
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