Fidelity Investments reported a 21 percent raise in client assets for its brokerage company in 2006, totalling $1.7 trillion.
The Boston-based firm saw the daily average commissionable trade increase to 313,048, up 14 percent from the fourth quarter in 2005. Total client accounts in the fourth quarter reached 17.1 million, up 3 percent from the same period a year before.
“For us 2006 was a year of record-breaking levels for all of our businesses, whether looking at assets, retail flows, daily average commissionable trades or total client accounts,” says Ellyn A. McColgan, president of Fidelity Brokerage Company.
Fidelity Brokerage Company is considered the largest in the US based on assets and accounts.
Fidelity Personal Investments also reached $65 billion in retail flow for 2006, an increase of 50 percent.