Golden Finance reported that the assets under management of the third largest asset management company, Fidelity Investments, increased by $1 trillion in the past year, and its revenue soared to a record high. Fidelity, headquartered in Boston, stated in its annual report on Tuesday that the assets under management of its proprietary investment funds and managed accounts 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%.
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Golden Finance reported that the assets under management of the third largest asset management company, Fidelity Investments, increased by $1 trillion in the past year, and its revenue soared to a record high. Fidelity, headquartered in Boston, stated in its annual report on Tuesday that the assets under management of its proprietary investment funds and managed accounts 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%.