Wednesday, November 21, 2007

Fidelity Brokerage 2007 Performance

Fidelity Investments Announces Third-Quarter Brokerage Results

• Fidelity Investments today announced total brokerage client assets reached a record $1.96 trillion, a 24% increase from one year ago. The company attributed the growth to increased net flows across all three brokerage units, as well as market activity.
• Daily average commissionable trades rose 31% to a record 368,502 in the third quarter compared to the third quarter of 2006.
• Fidelity's net new client assets, which include sales of Fidelity and non-Fidelity mutual funds and individual securities, grew 97% to $54.8 billion, and total client accounts rose 6% to 17.6 million in the third quarter compared to one year ago.

• Through September 30, 2007, the firm saw growth across all of its brokerage units, with net new client assets of $142.6 billion, up 19% compared to the first nine months of 2006. Net new client assets for the Institutional Advisor business rose 168% during the period, due to several new client implementations and the continuing success of its SunGard alliance, which enables bank trust and retirement plan administrator clients access to an integrated brokerage and trust platform.
• The firm's Retail Brokerage unit continued to see healthy growth, attracting $48 billion in net new client assets, down about 2% from the $48.9 billion added during the same period in 2006.
• The Institutional Clearing unit added $29 billion in net new client assets, down 37% compared to the same period in 2006. The decrease in net new client assets at the firm's Institutional Clearing unit was largely a result of a number of client implementations in 2006 that were not repeated in the first nine months of this year.


• In September, Fidelity and SunGard enhanced their integrated trading and custody trading platform by offering new services, including a directed trustee services program, a payment and reporting program for brokers who support retirement plans, and an online revenue management tool. The enhancements will help trust institution and third party administrator customers meet the growing wealth management and retirement planning needs of their clients.

• In September, Fidelity Registered Investment Advisor Group was renamed Fidelity Institutional Wealth Services. Although Registered Investment Advisors currently make up a majority of the business, the change recognizes the evolving role trust institutions and third party administrators also play in meeting the wealth management needs of investors.

• In August, Fidelity launched mySmart Cash AccountSM, a cash management brokerage account that offers customers interest rates currently seven times the national average, rebated ATM fees, no account minimums and online bill payment. MySmart Cash customers can also take advantage of mySmart Cash Manager, a cash management tool that links to a Fidelity investment account or an outside bank account to allow automatic movement of cash to mySmart Cash when needed, and can alert customers when they have extra cash they can actively invest.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of September 30, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit

Fidelity Brokerage Services LLC, Member NYSE, SIPC
100 Summer Street, Boston, MA 02110

National Financial Services LLC, Member NYSE, SIPC
200 Liberty Street, NY4F, New York, NY 10281,,7515,00.html

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