Sign in Sign up for free

Fidelity Investments Money Management, Inc. (Boston)


Fidelity Investments Money Management, Inc. is a large advisory firm based in Boston. It manages $868.54 billion of regulatory assets for 167 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of New Hampshire.

Logo

Fidelity Investments Money Management provides portfolio management for investment companies and portfolio management for foreign and proprietary funds and accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fidelity Investments Money Management: assets under management

The assets under management (AUM) of Fidelity Investments Money Management, Inc. is $868.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 43% since the beginning of its operation, and $26.92 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $868.54 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.2 billion each.

Investments

The firm invests in investment grade corporate bonds the most. They account for 33% of the total AUM. The second-largest asset type is government bonds, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fidelity Investments Money Management, Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John J (Mi Only) Remondi serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of John J (Mi Only) Remondi is investment companies with 117 clients and $837 billion of assets under management. Among the 13 most similar advisory firms, Fidelity Investments Money Management has the 2nd highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $859.1 billion for 120 clients. 3% of the firm’s clients are foreign persons or businesses.

Fidelity Investments Money Management doesn't advise any private funds.

Careers at Fidelity Investments Money Management, Inc.

The company employs 179 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John J (Mi Only) Remondi has been acting as President since 1 Aug 2009. Stephen Charles Neff joined the executive team most recently as the Head Of Asset Management, Director.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Js (Nmn) Wynant Treasurer, senior vice president 1 Mar 2001 Other 4519542
Kenneth Alan Rathgeber Chief compliance officer 1 Jun 2005 Other 2400619
Scott C (Mi Only) Goebel Secretary 1 Jun 2008 Other 4491841
Joseph A (Mi Only) Hanlon Compliance officer 1 Mar 2009 Other 4863662
Jacques Pierre Perold President, director 1 Jul 2009 Other 4407744
Christopher Paul Sullivan Executive vice president, president - bonds 1 Jul 2009 Other 2035133
John J (Mi Only) Remondi Director 1 Aug 2009 Other 4348172
John Joseph Remondi Director 1 Aug 2009 Other 4348172
James C (Mi Only) Curvey Director 1 Aug 2009 Other 2293087
Robert Paul Brown Executive vice president, president - bonds 1 Jan 2010 Other 1777510
Fmr Llc Shareholder 1 Jan 2010 75% - 100% 04-2507163
William F (Mi Only) Kavanagh Chief financial officer of asset management 1 Jan 2010 Other 5757455
Ronald Philip O'hanley Director, president of asset management and corporate services 1 Jul 2010 Other 4331592
Boyce Ingram Greer Head of institutional investments for asset management 1 Mar 2011 Other 1423638
William E Dailey Chief financial officer of asset management 1 Jul 2011 Other 5226182
Charles S (Mi Only) Morrison President, fixed-income division 1 Aug 2011 Other 4650274
Nancy D. Prior President - money markets 1 Nov 2011 Other 6044826
Linda Jean Wondrack Chief compliance officer 1 Apr 2012 Other 1589187
John R Hebble Executive vice president 1 Feb 2013 Other 4474293
Kenneth Bruce Robins Executive vice president 1 Jul 2013 Other 6242664
Charles S (Mi Only) Morrison President asset management, director 1 Mar 2014 Other 4650274
Nancy D. Prior President fixed income, director 1 Mar 2014 Other 6044826
Nancy Delia Prior President fixed income, director 1 Mar 2014 Other 6044826
Charles Sumner Morrison President asset management, director 1 Mar 2014 Other 4650274
William E Dailey Chief operating officer of asset management, treasurer 1 May 2014 Other 5226182
Jean Marie Raymond Chief financial officer of asset management 1 May 2014 Other 4148581
William Eric Dailey Chief operating officer of asset management, executive vice president 1 May 2014 Other 5226182
Michael Howard Whitaker Compliance officer 1 Sep 2014 Other 4779927
Marc Robert Bryant Secretary 1 Sep 2015 Other 4516386
Adrien Edmond Jr Deberghes Executive vice president 1 Jun 2016 Other 6707257
Lisa Michele Goulemas Chief operating officer 1 Jun 2016 Other 3140179
John Bernard Mcginty Jr Compliance officer 1 Aug 2016 Other 5560420
Harris Gregg Komishane Chief financial officer of asset management, treasurer 1 Jul 2017 Other 5225050
Joseph Arthur Nedder Chief operating officer of asset management 1 Jul 2017 Other 6142994
Kevin Matthew Meagher Chief compliance officer 1 Jul 2018 Other 7002688
Christopher John Rimmer Head of asset management finance, treasurer 1 Sep 2018 Other 4770358
Stephen Charles Neff Head of asset management, director 1 Dec 2018 Other 7048247

Indirect Owners

The SEC currently registers 14 indirect owners.

Name Entity Date acquired Ownership Employer ID
Edward C (Mi Only) Johnson Director 1 Oct 1972 Other 1367269
William Leo Byrnes Director 1 Oct 1972 Other 1091589
James C (Mi Only) Curvey Director 1 Feb 1990 Other 2293087
James Charles Curvey Elected manager 1 Feb 1990 Other 2293087
Abigail P Johnson Director 1 May 1994 Other 4340399
Abigail Pierrepont Johnson Elected manager 1 May 1994 Other 4340399
Edward C (Mi Only) Johnson Iv Director 1 Apr 2006 Other 5305256
John J (Mi Only) Remondi Director 1 Apr 2006 Other 4348172
Edward Crosby Johnson Iv Elected manager 1 Apr 2006 Other 5305256
John Joseph Remondi Elected manager 1 Apr 2006 Other 4348172
Michael E (Mi Only) Wilens Director 1 Oct 2014 Other 5653418
Gerard J. Mcgraw Director 1 Oct 2014 Other 4713963
Michael Engber Wilens Elected manager 1 Oct 2014 Other 5653418
Gerard John Mcgraw Elected manager 1 Oct 2014 Other 4713963

Based in Boston

The principal office where Fidelity Investments Money Management, Inc. performs its advisory services is located at 245 Summer Street, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in Merrimack, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-563-7000 or by fax 603-864-2311. The normal business hours are 9:00am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at fidelity.com.


Registered investment advisers similar to Fidelity Investments Money Management, Inc.