Fidelity Investments is one of the largest asset managers and financial services companies in the world, offering investment and retirement products to both individual and institutional investors. As a leading player in the investment industry, Fidelity competes with other major firms such as Vanguard, BlackRock, J.P. Morgan Asset Management, and Charles Schwab. These companies manage trillions of dollars in assets across a range of investment products including mutual funds, ETFs, stocks, bonds and more. They employ thousands of professional investors and analysts to research markets and make investment decisions on behalf of their clients.
Vanguard – One of the biggest low-cost mutual fund providers
Vanguard is often viewed as one of Fidelity’s biggest competitors in the mutual fund and ETF space. With over $6 trillion in global assets under management, Vanguard offers a wide selection of low-cost index funds and ETFs that track major market benchmarks. Like Fidelity, Vanguard also offers financial planning, advice and retirement services to help investors meet their long-term goals.
BlackRock – The world’s largest asset manager
As the world’s largest asset manager with $8.7 trillion in AUM, BlackRock manages assets across equity, fixed income, cash management, real estate and alternative strategies for institutional and retail clients globally. BlackRock provides risk management, investment analytics and investment solutions to meet the needs of large pension funds, endowments, foundations, central banks and more.
J.P. Morgan Asset Management – Major Wall Street wealth manager
With over $2.3 trillion in assets under supervision globally, J.P. Morgan Asset Management provides global market insights, retirement income strategies and outcome-oriented solutions for institutions, financial advisors and individual investors. It offers a range of actively-managed mutual funds and retirement products.
Charles Schwab – Top discount brokerage firm
Charles Schwab is one of the largest discount broker-dealers in the U.S. with $6.7 trillion in client assets. It offers brokerage and banking services including trading tools, savings accounts, IRAs, loans and more for individual investors. Charles Schwab also provides support services for independent investment advisors to help better serve their clients.
While not exhaustive, this list highlights some of the major players in the investment industry that offer similar services and compete directly with leading firms like Fidelity Investments.