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Fidelity's fund assets have reached $5.9 trillion, and revenue has surged to a record high.
According to Jinse Finance, the assets under management of Fidelity Investments, the world's third-largest asset management company, increased by $1 trillion in the past year, rising to a record high. Based in Boston, Fidelity stated in its annual report on Tuesday that the assets under management of its proprietary investment funds and accounts managed by the company increased from $4.9 trillion in the previous year to $5.9 trillion in 2024. Revenue rose by 16% to a record $32.7 billion, while operating expenses increased by 14%.