{"url":"https://nivawealth.com/firms/fidelity-management-and-research-108281","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108281","regulatoryAum":5685041930529,"crd":"108281","secFileNumber":"801-7884","legalName":"Fidelity Management & Research Company LLC","displayName":"Fidelity Management & Research","website":"https://www.fidelity.com","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"245 Summer Street","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02210"},"tradeNames":[],"registration":{"secApproved":"29 November 1971","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":1427,"advisory":744,"brokerDealerReps":106,"insuranceAgents":3,"promoters":0},"aum":{"discretionary":5685041930529,"discretionaryAccounts":37227,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":28217356741,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":6596,"regulatoryAum":3943993722},{"label":"High-net-worth individuals","clients":29432,"regulatoryAum":24273363019},{"label":"Investment companies","clients":595,"regulatoryAum":5416050621617},{"label":"Pooled investment vehicles","clients":21,"regulatoryAum":184722350086},{"label":"State or municipal government entities","clients":6,"regulatoryAum":55904429852},{"label":"Other","clients":null,"regulatoryAum":147172233}],"fees":[],"feeNotes":[],"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":63938491452}],"custodyNote":"Fidelity Management & Research has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Bart Grenier","title":"President, Head of Asset Management","crd":"4451384"},{"name":"Nicole Macarchuk","title":"Senior Vice President, Secretary, Chief Legal Officer","crd":"5905428"},{"name":"Stephanie Brown","title":"Chief Compliance Officer","crd":"7690144"},{"name":"David Carter","title":"Compliance Officer","crd":"8314999"},{"name":"Peter Enyeart","title":"Co-Head of Equity","crd":"5882159"},{"name":"Robin Foley","title":"Head of Fixed Income","crd":"1833702"},{"name":"Christopher Gouveia","title":"Compliance Officer","crd":"7690152"},{"name":"Abigail Johnson","title":"Chairman of the Board, Director","crd":"4340399"},{"name":"Harley Lank","title":"Head of High Income","crd":"4451403"},{"name":"Peter Lynch","title":"Vice Chairman, Director","crd":"1964598"},{"name":"Melissa Reilly","title":"Co-Head of Equity","crd":"2625125"},{"name":"Christopher Rimmer","title":"Head of Asset Management Finance, Treasurer","crd":"4770358"}],"ownership":[{"label":"FMR LLC","detail":"Shareholder in the 75% or more ownership band and a control person, since December 1977."},{"label":"Abigail Johnson","detail":"Indirect owner: elected manager of FMR LLC and a control person, since May 1994.","parent":"FMR LLC"},{"label":"Edward Johnson IV","detail":"Indirect owner: elected manager of FMR LLC and a control person, since April 2006.","parent":"FMR LLC"},{"label":"Michael Wilens","detail":"Indirect owner: elected manager of FMR LLC and a control person, since October 2014.","parent":"FMR LLC"},{"label":"Stephen Neff","detail":"Indirect owner: elected manager of FMR LLC and a control person, since April 2023.","parent":"FMR LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":6,"privateResidences":0},"listedOfficeAddresses":7,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"100 California ST","city":"San Francisco"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"233 South Wacker Drive","city":"Chicago"}]},{"state":"Massachusetts","offices":2,"addresses":[{"street":"245 Summer Street","city":"Boston","headquarters":true},{"street":"155 Seaport BLVD","city":"Boston"}]},{"state":"New Hampshire","offices":1,"addresses":[{"street":"One Spartan Way","city":"Merrimack"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"499 Washington BLVD","city":"Jersey City"}]},{"state":"Rhode Island","offices":1,"addresses":[{"street":"900 Salem Street","city":"Smithfield"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-563-7000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":5},{"label":"U.S. government/agency bonds","percent":7},{"label":"U.S. state and local bonds","percent":15},{"label":"Investment grade corporate bonds","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":67}],"privateFunds":1},"sources":{"adv1FilingDate":"30 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108281/PDF/108281.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Fidelity Management & Research have?","answer":"Fidelity Management & Research has 36,650 clients and manages $5685 billion for them, as of July 2026. They include 29,432 high-net-worth individuals, 6,596 other individuals and 595 investment companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Fidelity Management & Research offer?","answer":"Fidelity Management & Research provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, selecting other managers and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Fidelity Management & Research use?","answer":"Fidelity Management & Research’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $63,938,491,452. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Fidelity Management & Research have?","answer":"Fidelity Management & Research has 0 investment adviser representatives registered with state securities authorities, out of 1,427 employees, and 744 perform investment advisory functions. 106 are registered representatives of a broker-dealer and 3 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Fidelity Management & Research invest in?","answer":"At the end of its last fiscal year, Fidelity Management & Research’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 15% state and local bonds, 7% U.S. government and agency bonds, 6% investment grade corporate bonds and 5% exchange-traded equities. It advises 1 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Fidelity Management & Research?","answer":"Fidelity Management & Research’s direct owner is FMR LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Fidelity Management & Research get paid?","answer":"Fidelity Management & Research is paid through a percentage of assets under management, fixed fees, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}