About the Johnson family
The founding Johnson family owns stock representing a 49 percent voting stake in FMR, both individually and through multiple trusts, and has signed agreements promising to vote all of their shares as a bloc.
Edward Johnson III was the group's chairman until his daughter, Abigail Johnson, took over.
Abigail was previously the largest single shareholder, with over 25 percent ownership, but it was reported in October 2005 that she had sold a "significant" amount of her shares to family trusts, raising questions about whether she was still in position to follow her father.
In 2014, Abigail was named CEO; in 2016, she was made Chairman.
Company history
The "Fidelity Fund" was renamed Fidelity Investments under Edward C. Johnson II and was formed in Massachusetts on May 1, 1930.
Because of several bank failures in 1930, the "Fidelity Fund" was the sole fund sanctioned by John C. Hull during his stint as Securities Director for Massachusetts during the Great Depression.
In 1946, the corporate structure was altered, and the company is now known as Fidelity Management & Research (FMR).
Less than 350 reports
Reports about issues with Fidelity have decreased significantly since 2.30pm.
Only about 317 people are still reporting problems on the site along with trading and login.
Everything to know about Fidelity Investments
Fidelity Investments, formerly known as Fidelity Management & Research or FMR, is an American international financial services business headquartered in Boston, Massachusetts.
The business was founded in 1946 and is one of the world's largest asset managers, with $4.3trillion in assets under management as of December 2022, and $10.3trillion in assets under administration as of December 2022.
Fidelity Investments administers a broad family of mutual funds, offers fund distribution and financial advice, retirement services, index funds, wealth management, securities execution and clearing, asset custody, and life insurance.
Frustrated users flock to X
Fidelity users are taking to X, formerly known as Twitter to share the problems they are experiencing.
Fidelity down. Unable to provide brokerage or mutual fund account info 😩.
— 🌸 (@lokelani_lei) August 15, 2023Reports rise
Over 6,000 reports have flooded Downdetector.
The majority of issues reported are still with the website and trading.
A user asked, "what is going on ? My accounts are not showing up."
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