Fidelity Brokerage Assets Up 2% to $1.92 Trillion

Jitters over market turmoil appears to be good business for financial advisers and brokers or individuals placing individual trades, and that, in turn, is good new for companies such as Fidelity Investments, whose brokerage division saw assets rise in the second quarter by 2% to $1.92 trillion.

In the quarter, Fidelity’s client brokerage assets rose by $23.5 billion in the second quarter. Within that division, the institutional unit that serves advisers and third-party administrators saw its assets rise 10%.