BOSTON — Fidelity Investments now administers more than $20 trillion in assets for the first time, the Boston-based financial services company said in its quarterly business update on Thursday, Nov. 12.[1] The story is part of our Boston news coverage.
Related: Boston Leads U.S. Cities in Office Return as October Visits Rise.
The numbers
Fidelity reported $20.1 trillion in assets under administration as of Sept. 30, up 15% from a year earlier. Of that, $7.9 trillion is assets the firm manages directly, up 16%.[2]
Average daily trades reached 5.1 million, up 18% from the third quarter of 2025.[2]
What else Fidelity reported
Its workplace managed-account product, Personalized Planning & Advice, became the second-largest provider in that market, with a 29% share and more than $200 billion in assets.[2] Fidelity Stock Transfer became the top transfer agent by IPO market value in 2026 and has supported four of the year’s 10 largest IPOs, the company said.[2]
Retail health savings accounts and custodial accounts each passed 1 million accounts. Fidelity also extended its Money Transfer Lock fraud protection to retail managed accounts and added six custom and two model separately managed account strategies for wealth managers.[2]
Why it matters for Boston
Fidelity is based in Boston’s Financial District.[1] Its growth comes as Boston leads U.S. cities in returning to the office. Chairman and CEO Abigail Johnson said the quarter focused on data protection and product choice for customers.[2]
More Boston business news and the latest Boston local news.
Sources
- NBC Boston (Boston Business Journal): Boston’s Fidelity crosses $20 trillion milestone for first time
- Fidelity Investments: Q3 2026 Business Update
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