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 12,500 financial advisory firms rely on Fidelity Institutional's innovative technology and deep expertise to help more than 8 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 several distinct business units with $2.2 trillion in assets under administration (AUA).1

  • Fidelity Clearing & Custody SolutionsSM 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 Soutions' 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 $1.7 trillion in AUA and services nearly 3,850 clients and more than six million accounts.
  • Fidelity Institutional Asset Management® 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 $570 billion in assets under administration2 and more than 500 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 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. 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.3

Assets as of December 31, 2016

Total FI assets under administration (AUA) $2,207 billion
Fidelity Clearing & Custody Solutions AUA: $1,719 billion
Total FI assets under management (FI only): $575 billion

FI Business Highlights, as of December 31, 2016

Total FI client firms: 13,006
Total FI Accounts: 8.7 million
Daily Average Revenue Trades (DARTs): 268 thousand

Leadership

President, Fidelity Institutional Jeff Lagarce
President, Fidelity Institutional Asset Management Scott Couto
President, Fidelity Clearing and Custody Sanjiv Mirchandani
President, Fidelity Capital Markets Tom Tesauro

Employees

Total Employees: 2,600

Locations

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.

Careers at Fidelity

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


Asset Management Careers Investment management and support