Fidelity increases market share and highlights stablecoin and two new ETFs

5 articles · Updated · Barron's · May 1

In Boston, the $7tn asset manager said one in five Americans has a relationship with the firm; last year it reported $37.7bn revenue and $12.7bn net income.
The first-quarter outlook underscored Fidelity's push beyond traditional mutual funds as investors keep shifting toward ETFs, index products and alternative investments.
The update comes as Boston, with roughly $15tn under management, defends its long-established asset-management dominance against newer Sunbelt financial centres such as Dallas and Texas.

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