Fidelity Investments Money Management, Inc. (Boston)

Name: Fidelity Investments Money Management, Inc.
Address: 245 Summer Street, Boston, MA, 02210
Telephone: 617-563-7000

Fidelity Investments Money Management, Inc. is a large advisory firm based in Boston. It manages $868.54 billion of regulatory assets for 167 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of New Hampshire.

Fidelity Investments Money Management provides portfolio management for investment companies and portfolio management for foreign and proprietary funds and accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fidelity Investments Money Management: assets under management

The assets under management (AUM) of Fidelity Investments Money Management, Inc. is $868.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 43% since the beginning of its operation, and $26.92 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $868.54 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.2 billion each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 33% of the total AUM. The second-largest asset type is government bonds, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fidelity Investments Money Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John J (Mi Only) Remondi serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of John J (Mi Only) Remondi is investment companies with 117 clients and $837 billion of assets under management. Among the 13 most similar advisory firms, Fidelity Investments Money Management has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $859.1 billion for 120 clients. 3% of the firm’s clients are foreign persons or businesses.

Fidelity Investments Money Management doesn't advise any private funds.

Careers at Fidelity Investments Money Management, Inc.

The company employs 179 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John J (Mi Only) Remondi has been acting as President since 1 Aug 2009. Stephen Charles Neff joined the executive team most recently as the Head Of Asset Management, Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Js (Nmn) Wynant	Treasurer, senior vice president	1 Mar 2001	Other	4519542
Kenneth Alan Rathgeber	Chief compliance officer	1 Jun 2005	Other	2400619
Scott C (Mi Only) Goebel	Secretary	1 Jun 2008	Other	4491841
Joseph A (Mi Only) Hanlon	Compliance officer	1 Mar 2009	Other	4863662
Jacques Pierre Perold	President, director	1 Jul 2009	Other	4407744
Christopher Paul Sullivan	Executive vice president, president - bonds	1 Jul 2009	Other	2035133
John J (Mi Only) Remondi	Director	1 Aug 2009	Other	4348172
John Joseph Remondi	Director	1 Aug 2009	Other	4348172
James C (Mi Only) Curvey	Director	1 Aug 2009	Other	2293087
Robert Paul Brown	Executive vice president, president - bonds	1 Jan 2010	Other	1777510
Fmr Llc	Shareholder	1 Jan 2010	75% - 100%	04-2507163
William F (Mi Only) Kavanagh	Chief financial officer of asset management	1 Jan 2010	Other	5757455
Ronald Philip O'hanley	Director, president of asset management and corporate services	1 Jul 2010	Other	4331592
Boyce Ingram Greer	Head of institutional investments for asset management	1 Mar 2011	Other	1423638
William E Dailey	Chief financial officer of asset management	1 Jul 2011	Other	5226182
Charles S (Mi Only) Morrison	President, fixed-income division	1 Aug 2011	Other	4650274
Nancy D. Prior	President - money markets	1 Nov 2011	Other	6044826
Linda Jean Wondrack	Chief compliance officer	1 Apr 2012	Other	1589187
John R Hebble	Executive vice president	1 Feb 2013	Other	4474293
Kenneth Bruce Robins	Executive vice president	1 Jul 2013	Other	6242664
Charles S (Mi Only) Morrison	President asset management, director	1 Mar 2014	Other	4650274
Nancy D. Prior	President fixed income, director	1 Mar 2014	Other	6044826
Nancy Delia Prior	President fixed income, director	1 Mar 2014	Other	6044826
Charles Sumner Morrison	President asset management, director	1 Mar 2014	Other	4650274
William E Dailey	Chief operating officer of asset management, treasurer	1 May 2014	Other	5226182
Jean Marie Raymond	Chief financial officer of asset management	1 May 2014	Other	4148581
William Eric Dailey	Chief operating officer of asset management, executive vice president	1 May 2014	Other	5226182
Michael Howard Whitaker	Compliance officer	1 Sep 2014	Other	4779927
Marc Robert Bryant	Secretary	1 Sep 2015	Other	4516386
Adrien Edmond Jr Deberghes	Executive vice president	1 Jun 2016	Other	6707257
Lisa Michele Goulemas	Chief operating officer	1 Jun 2016	Other	3140179
John Bernard Mcginty Jr	Compliance officer	1 Aug 2016	Other	5560420
Harris Gregg Komishane	Chief financial officer of asset management, treasurer	1 Jul 2017	Other	5225050
Joseph Arthur Nedder	Chief operating officer of asset management	1 Jul 2017	Other	6142994
Kevin Matthew Meagher	Chief compliance officer	1 Jul 2018	Other	7002688
Christopher John Rimmer	Head of asset management finance, treasurer	1 Sep 2018	Other	4770358
Stephen Charles Neff	Head of asset management, director	1 Dec 2018	Other	7048247

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Edward C (Mi Only) Johnson	Director	1 Oct 1972	Other	1367269
William Leo Byrnes	Director	1 Oct 1972	Other	1091589
James C (Mi Only) Curvey	Director	1 Feb 1990	Other	2293087
James Charles Curvey	Elected manager	1 Feb 1990	Other	2293087
Abigail P Johnson	Director	1 May 1994	Other	4340399
Abigail Pierrepont Johnson	Elected manager	1 May 1994	Other	4340399
Edward C (Mi Only) Johnson Iv	Director	1 Apr 2006	Other	5305256
John J (Mi Only) Remondi	Director	1 Apr 2006	Other	4348172
Edward Crosby Johnson Iv	Elected manager	1 Apr 2006	Other	5305256
John Joseph Remondi	Elected manager	1 Apr 2006	Other	4348172
Michael E (Mi Only) Wilens	Director	1 Oct 2014	Other	5653418
Gerard J. Mcgraw	Director	1 Oct 2014	Other	4713963
Michael Engber Wilens	Elected manager	1 Oct 2014	Other	5653418
Gerard John Mcgraw	Elected manager	1 Oct 2014	Other	4713963

Based in Boston

The principal office where Fidelity Investments Money Management, Inc. performs its advisory services is located at 245 Summer Street, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in Merrimack, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-563-7000 or by fax 603-864-2311. The normal business hours are 9:00am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at fidelity.com.