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.
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 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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.