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 13,500 financial advisory firms rely on Fidelity Institutional’s innovative technology and deep expertise to help more than nine million accounts 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.

Under the umbrella of Fidelity Institutional are three distinct business units with $3.0 trillion in assets under administration (AUA).

  • Fidelity Clearing & Custody Solutions® provides a comprehensive clearing and custody platform, brokerage, investment and reporting services, trading capabilities and practice management and consulting to registered investment advisors, including strategic acquirers and professional asset managers, retirement recordkeepers, broker-dealer firms, banks, insurance companies, family offices and wealthy families. Fidelity Clearing & Custody Solutions' goal is to help clients ensure that they are always future-ready by offering knowledgeable consulting, exceptional people and transformative technology. Fidelity Clearing & Custody Solutions has $2.3T in AUA and services about 3,950 clients and more than seven million accounts1
  • 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 $765 billion in assets under administration2 and more than 500 institutional and 60,000 financial advisor clients, Fidelity Institutional Asset Management is one of the largest organizations serving the U.S. institutional marketplace.3
  • Fidelity Capital Markets is the institutional trading arm of Fidelity Investments®, providing trading products and services to a wide array of clients, including buy-side institutions, hedge funds, and Fidelity's® retail, correspondent and advisor businesses. The Fidelity Capital Markets (FCM) offering features a suite of electronic brokerage products and execution services across multiple asset classes, including equities, fixed income, options, and forex, as well as prime brokerage and securities lending. FCM also participates in the municipal new issue market and bank issued brokered CD underwriting.4

Assets as of June 30, 2019

Total FI assets under administration (AUA) $2,981 billion
Fidelity Clearing & Custody Solutions AUA: $2,293 billion
Total FI assets under management (FI only): $780 billion

FI Business Highlights, as of June 30, 2019

Total FI client firms: 13,500
Total FI Accounts: 9.7 million
Daily Average Revenue Trades (DARTs):5 242 thousand


President, Fidelity Institutional Mike Durbin
President, Fidelity Institutional Asset Management Judy Marlinski
President, Fidelity Clearing and Custody Sanjiv Mirchandani
President, Fidelity Capital Markets Tom Tesauro


Total Employees: 2,900


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

Discovery Ventures Program

The Discovery Ventures Program is a program focused on startups looking to grow their businesses in the financial services industry. The program is designed to help participating companies better understand how to engage with large enterprises so that they can accelerate their sales into large enterprises and significantly increase their growth.

Careers at Fidelity

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

Asset Management Careers Investment management and support