Fidelity Group
Contents
Fidelity is an American group of privately-held, multinational financial services companies. It comprises two legally separate but closely co-operating companies:
- FMR LLC, t/a Fidelity Investments, was founded in 1946 as "Fidelity Management and Research Company". It serves the North American market.
- FIL Ltd, t/a Fidelity International, was spun off in 1969 from FMR LLC as Fidelity International Ltd. It provides investment products and services to clients outside the Americas.
Fidelity is the 2nd largest mutual fund company in the world,ref and one of the largest asset managers.ref Fidelity operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, a retail brokerage, retirement services, wealth management, securities execution and clearance, and life insurance, as well as unrelated businesses.ref
 Fossil Fuels: Fidelity Investments is 16th in the Dirty Thirty list of those investing in Coal power expansion.[1] |
How the owners of Fidelity get richer at everyday investors’ expense. The billionaire Johnson clan has a private venture capital arm that competes directly for lucrative deals with the Fidelity funds in which millions of people put their nest eggs. F-Prime Capital Partners, a private venture capital arm run on behalf of the Johnsons, competes directly with the Fidelity mutual funds in which the public invests. Corporate governance specialists say the arrangement poses a troubling conflict of interest. Tim McLaughlin, Reuters, Oct.05.2016.
Fidelity’s Abby Johnson maxes out donations to this presidential candidate. Abigail Johnson has contributed $2,700, the maximum amount allowed under federal law for a primary campaign, to Republican presidential candidate Jeb Bush, according to campaign finance records. Johnson favors Republicans when doling out cash to presidential contenders, although Democrats have received money too. Boston Business Journal, Nov.13.2015.
Company
Ownership
- FMR LLC: Johnson Family (49%) + Fidelity execs (51%).
- FIL Ltd: Johnson Family (39.89%) + Fidelity execs (60.11%).
Structure
FIL Ltd, t/a Fidelity International, OC, B'berg, reg. Bermuda 
- ... FIL Investment Advisors, OC, reg. Bermuda
- ... FIL Capital Management Ltd, OC, reg. Bermuda
- ... FIL (Luxembourg) SA, OC, reg. Luxembourg
- ... Fidelity (Canada) Asset Management ULC, was Pyramis Global Advisors (Canada) ULC, OC, ref, reg. Canada
- FIL Holdings (UK) Ltd, reg. Oct.2008, CH
- FIL Investment Advisors (UK) Ltd, provides advisory services to FIL Investment Advisors, CH
- FIL Investment Management Ltd, admin. services to group companies, CH
- Fidelity Investments Ltd, CH
- FIL Investments International, investment manager of funds and trusts, CH, FCA, ref
- FIL Securities (UK) Ltd, [CH]
- Eight Roads Holdings Ltd, holdco, OC, reg. Bermuda
- FIL Holdings (UK) Ltd, reg. Oct.2008, CH
FMR LLC, t/a Fidelity Investments, ref, B'berg, OC, reg. Massachusetts
- ... FMR UK LLC, OC, reg. Delaware
- Fidelity Management & Research Company, aka FMR Co., investment manager, OC, B'berg, ref, reg. Massachusetts
- ... FISC-Ireland Ltd, OC, CRO, reg. Ireland
- Devonshire International LLC, OC or OC, reg. Delaware
- F-Prime UK Ltd, was Devonshire Investors UK Ltd, faciliating secondment of employees, CH
- Fidelity Brokerage Services LLC, OC, B'berg, reg. Delaware
- F Prime Inc, t/a F-Prime Capital Partners, sister fund to Eight Roads Centures, OC, reg. Delaware
- ... FMR UK LLC, OC, reg. Delaware
Orphans:
- Fidelity Investments Inc: mentioned everywhere, but not traceably. Possibilities: OC 1973-, OC 1973-1982, OC 1937, OC 1990
- Frontier Services Group Ltd, OC, reg. Bermuda
- Kingdee International ... OC
Timeline
| Oct.2018 |  Fidelity Digital Asset Services LLC: FMR LLC / Fidelity Investments launched a separate entity dedicated to institutional cryptoasset custody and cryptocurrency trading.ref, ref, website, OC, reg. Delaware |
| Oct.2015 |  F-Prime Capital Partners (F Prime Inc) was formed from Fidelity Biosciences and Devonshire Investors' technology venture capital fund,ref,ref to make pre-IPO tech and bioscience investments for family members and a small group of Fidelity executives.ref Advisory and related services are provided as Impresa Management LLC.ref,ref   Fidelity Biosciences was canned. |
| Jul.2015 |  Eight Roads Ventures: Fidelity Growth Partners Europe rebranded itself (again). The “8” is associated with prosperity; the infinity symbol (an 8 on its side) is an "infinite road".ref  Fidelity Growth Partners Europe folded, with Eight Roads continuing as the proprietary investment arm of Fidelity International Ltd.ref, ref,ref |
| Jan.2015 | Fidelity International changed its name back from "Fidelity Worldwide Investment".[?ref?] |
| Sept.2011 |  Fidelity Worldwide Investment: FIL Ltd changed its trading name from "Fidelity International", and introduced a new logo.ref, ref |
| Jan.2010 |  Fidelity Ventures was shut down. The former US team re-established themselves as Volition Capital.ref Fidelity Growth Partners Europe: The London office renamed itself, and continued as the proprietary investment arm of Fidelity International Ltd.ref,ref, ref |
| Jun.2009 |  Fidelity Equity Partners was closed down, due to "dismal economic conditions".ref,AR-2008.12 |
| Jun.2006 | Fidelity Equity Partners was established to advise and arrange investments in European venture capital.ref |
| 2005 |  Pyramis Global Advisors was formed to exclusively focus on institutional clients.ref |
| Aug.2003 |   Geode Investments LLC was spun off as an independent firm. Although Fidelity sold its stake, it retained Geode to manage its equity index funds as a sub-advisor.ref |
| 2002 | Fidelity Biosciences was formed to specialise in venture capital investments in the life sciences and healthcare technology sectors.ref,ref |
| Jan.2001 | Geode Investments LLC was established by Fidelity as an index fund manager and test-bed for new investment strategies.ref |
| Mar.1996 |   Fidelity Investments Ireland (FISC Ireland Ltd) was set up as the firm's European off-shore development centre.ref,ref |
| 1980 |  Fidelity International Ltd was set up as a Bermuda-based entity,ref to act as a management centre for Fidelity’s offshore funds.ref (pdf) Ownership was split between Johnson family members and management.ref, ref, ws, archive.org (2002) |
| 1978 | Fidelity Brokerage Services LLC was formed as a subsidiary of Fidelity Investment, to provide brokerage services to retail and institutional investors, and third-party intermediaries.ref, OC |
| Oct.1972 | FMR Corporation was formed to provide as the holdco for Fidelity Management & Research Company and the most important subsidiary companies. It also provided administration services to other Fidelity companies.ref, OC |
| 1969 |  Fidelity Ventures Ltd was established when Harry Hoagland, an employee of Georges Doriot , was invited to review Fidelity's venture interest, share his experience and make recommendations.ref,ref |
| 1969 |  Devonshire Investors was established as a private equity firm specialising in buyouts. The division allows the owners of the company the ability to make other investments outside of its funds.ref,ref |
| 1969 | FIL Ltd, t/a Fidelity International Ltd, was formed to serve non-US markets.ref, B'berg |
| 1946 | Fidelity Management & Research Company was formed by Edward C Johnson II to serve as an investment advisor to the Fidelity Fund.ref |
| 1943 | Fidelity Fund: Edward C Johnson II bought the Fund from money management firm Anderson & Cromwell, and became its president and director.ref > Hoover's |
| 1930 | Fidelity Fund was established by Boston investment firm Cromwell & Cabot. |
