Fidelity by the Numbers: Fidelity Institutional

Business Overview

Fidelity Institutional offers clearing, custody, investment products, brokerage and trading services to a wide range of financial intermediary firms. More than 13,000 financial advisory firms rely on Fidelity Institutional's innovative technology and deep expertise to help more than 9 million investors make some of the most complex, important decisions of their lives. Fidelity Institutional's goal is to help clients thrive by supporting the growth of their businesses, enhancing their operational efficiency and delivering insights that help to drive confidence, clarity and results.

Unde,r the umbrella of Fidelity Institutional are several distinct business units with $2.0 trillion in assets under administration (AUA).1

  • The Fidelity clearing and custody businesses have $1.5T in AUA and service more than 3,500 clients and 6 million accounts.
    • Fidelity Clearing and Custody Solutions provides a comprehensive clearing and custody platform, brokerage services, trading capabilities and practice management and consulting to registered investment advisors (RIAs), including strategic acquirers and professional asset managers, as well as retirement recordkeepers, broker-dealer firms, banks and insurance companies. Fidelity Clearing & Custody Soutions' goal is to help clients ensure that they are always future-ready by providing knowledgeable consulting, exceptional people, and transformative technology.
    • Fidelity Family Office Services is the business unit that provides custody, brokerage, investment and reporting services to family offices, wealthy families and the advisors that support them. Fidelity Family Office Services is a cost-effective alternative for clients who want institutional capabilities delivered with objective guidance, exceptional service, integrity, and security. Fidelity Family Office Services provides services to more than 350 family office clients across the country with over $80 billion of assets in custody with Fidelity.2
  • Fidelity Institutional Asset Management is dedicated to the institutional marketplace and serves consultants and institutional investors, such as defined benefits and defined contribution plans, endowments and financial advisors. Fidelity Institutional Asset Management is a gateway to Fidelity's broad and deep institutional investment management products and capabilities in equity, fixed-income, high-income and global asset allocation. With more than $559 billion in assets under administration3 and more than 493 institutional and 50,000 financial advisors clients, Fidelity Institutional Asset Management is one of the largest organizations serving the U.S. institutional marketplace.
  • Fidelity Capital Marketsis the institutional trading arm of Fidelity Investments®, providing trading products and services to a wide array of clients, including buy-side institutions and hedge funds, as well as to Fidelity's own businesses. Fidelity Capital Markets offers a suite of electronic brokerage products and execution services across multiple asset classes, including equities, fixed income, options, and FOREX, as well prime brokerage, securities lending, and municipal and bank issued brokered CD underwriting.4

Assets as of December 31, 2015

Total FI assets under administration (AUA) $2,020 billion
Clearing and Custody AUA*: $1,511 billion
* Includes Fidelity Clearing and Custody and Fidelity Family Office Services.
Total FI assets under management (FI only): $568 billion

FI Business Highlights, as of December 31, 2015

Total FI client firms: 13,188
Total FI Accounts: 9.5 million
Daily Average Revenue Trades (DARTs): 283 thousand


President, Fidelity Institutional Jeff Lagarce
President, Fidelity Institutional Asset Management Scott Couto
President, Fidelity Clearing and Custody Sanjiv Mirchandani
President, Fidelity Family Office Services Ed Orazem
President, Fidelity Capital Markets Tom Tesauro


Total Employees: 2,600


FI Headquarters are in Boston, MA with several regional centers across the United States, including: Westlake, TX; New York/New Jersey; and Smithfield, RI.

Our Company

Personal Investing

We provide financial planning and retirement options such as IRAs, annuities, and managed accounts; brokerage and cash management products; college savings accounts; and other financial services for millions of individual investors.

Workplace Investing

We work with employers to build benefit programs for their employees, and provide recordkeeping, investments, and servicing in defined contribution, defined benefit, health & welfare, and stock plan services.

Fidelity Institutional

We bring sophisticated technology and highly personalized service together to offer clearing, custody, investment products, brokerage, and trading services to a wide range of financial firms.

Fidelity Institutional Asset Management

Fidelity Institutional Asset Management is a distribution organization dedicated to the institutional marketplace. It serves consultants and institutional investors, such as defined benefit and defined contribution plans, endowments, and financial advisors.

Fidelity Charitable

Fidelity Charitable is an independent public charity that allows donors to establish a dedicated donor-advised fund to support their favorite charities in the short term and create a systematic plan for longer term philanthropic goals.

Fidelity Labs

Fidelity Labs explores emerging technology and harnesses innovation to benefit Fidelity's businesses and customers.

Careers at Fidelity

Fidelity Careers Sales, relationship management, product, marketing, technology, operations, and corporate functions

Asset Management Careers Investment management and support