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Home > Financial Services > Stock Brokers > Fidelity Distributors Corporation
Fidelity Distributors Corporation
Fidelity Distributors Corporation is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
Fidelity Investments announced today that it is creating a new investment operation that will focus on institutional clients and non Investment Company Act of 1940 business, and will become independent of Fidelity Management & Research Company FMRCo, which currently manages Fidelity's existing mutual funds.
With the growth of their institutional businesses and the opportunities they present, it makes sense to have a division focused on managing these assets, particularly for trust, large 401k and institutional services sub advisor customers. Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of 2.1 trillion dollars, including managed assets of 1.1 trillion dollars.
Fidelity offers investment management, retirement planning, brokerage, payroll, health and welfare benefits outsourcing services to 18 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is one of the largest mutual fund companies in the United States, a leading provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm.
The company is good at what ever they do and that is demonstrated by the fact that they have one of the highest client retention rates in the technology services industry. Their clients' success is mirrored in the company’s own financial performance. The Company has achieved record growth with revenues climbing thirty percent annually. With the past performance of the company in mind and the expertise and dedication of the management and staff the company is expected go to far greater heights in the near future.
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