| 20 August 2009

Being a private company Fidelity Investments chooses to release limited public information about its performance. But one piece of data it is not so shy about pronouncing is its assets under management, especially when that amount continues to increase as it has recently.

We learned today that as of quarter-end June 2009 Fidelity stuffed its piggy-bank with $2.9 trillion in assets under management, an increase of $74 billion so far this year.
This compares with the recently reported $1.29 trillion at Schwab, whose assets under management decreased year-over-year.

Fidelity president Rodger Lawson credited the company's diversification for its' solid performance during a rocky market.