Fidelity Investments, one of the world’s largest financial services firms, is a leader in providing strategies to help individuals and businesses invest and plan for the future. With 35.6 million retail accounts at the end of the 2019 fiscal year, Fidelity is dedicated to providing customers with reliable and comprehensive investment advice.
The firm offers a wide array of services, such as retirement accounts, managed portfolios, and educational resources to help customers make informed decisions. Fidelity’s commitment to customer service is evident in its focus on providing personalized advice and support. The firm also provides financial planning services to help customers develop an appropriate investment strategy.
Fidelity’s commitment to education is highlighted in its commitment to helping Gen Z investors. The firm recently saw a 71% increase in IRA accounts opened by Gen Z, which indicates that the younger generation is looking to invest for their future. Fidelity’s Q4 analysis also examined savings behaviors and account balances of retirement plan participants in Fidelity Investment accounts.
Fidelity’s active fixed-income strategies lineup is also growing. The firm recently announced the launch of the Fidelity Municipal Income Fund, which is designed to provide higher yields than money market accounts or certificates of deposits, while also providing safety of principal. The fund is managed by the U.S. Treasury Department, and offers investors an alternative to traditional investments such as stocks or bonds.
Retirement accounts are one of Fidelity’s most popular services, as many customers look to save for their future. In 2022, Fidelity saw a 23% decrease in 401(k) savings, which can be attributed to the pandemic and economic downturn. The firm’s data also suggests that the younger generations are the most impacted, with the average retirement account balance for members under 30 falling from $14,500 to $10,500.
Fidelity is also expanding its hiring rate in 2021-2022, with technology and customer service roles accounting for the second largest area expansion. The firm is also expanding its global presence, with offices in London, Shanghai, and Tokyo. Fidelity also provides clearing, custody, and other brokerage services to institutional investors.
In conclusion, Fidelity Investments is a leader in providing financial services and strategies for individuals and businesses. The firm offers a wide array of services to help customers plan for the future, such as retirement accounts, managed portfolios, and educational resources. Fidelity’s commitment to customer service and education is evident in its focus on providing personalized advice and support.
