Fidelity Investments Retail September Business Highlights.BOSTON--(BUSINESS WIRE)--Oct. 27, 1999-- -0-
September `99
Number of retail accounts 10.77 million
Number of online accounts 3.06 million
Assets held in retail accounts $450 billion
Assets held in online accounts $202 billion
Average daily online trading volume 60,013
Total average daily trades
(online, telephone, representative, wireless) 105,710
Percentage of all equity trades made online 80 percent
Average daily commissionable trades made online 47,484
Percentage of all mutual fund trades made online 27 percent
Average daily mutual fund trades made online 12,518
InstantBroker(SM) customers 9,618
Completed Lehman Brothers public-offerings deals Seven
Fidelity Brokerage Services, Inc. offers its customers access to a full range of securities, IPOs and other public offerings for eligible brokerage customers; FundsNetwork(R) with more than 3,400 mutual funds; substantial commission savings; low margin rates; access to extensive independent research; a variety of cash management services for qualifying accounts and consolidated statement reporting. Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. is the nation's largest mutual fund company and a leading provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Fidelity offers investment management, retirement, brokerage, and shareholder services directly to individuals and institutions, and through financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. . The firm also is the No. 1 provider of 401(k) retirement savings plans, the second largest discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. and the third largest provider of 403(b) retirement plans for not-for-profit institutions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . At September 30, 1999, Fidelity had total managed assets of $833.8 billion. Fidelity Brokerage Services, Inc. Member NYSE NYSE See: New York Stock Exchange , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . 100 Summer St., Boston, MA 02110 For more complete information, including charges and expenses on any fund available through FundsNetwork(R), call or write Fidelity for a free prospectus or download one at fidelity.com. Please read it carefully before you invest or send money. 89154/4b |
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