Net sales at Fidelity Investments Institutional Services Company, one of three major business units that make up Fidelity Investments of Boston, rose 51.2 percent in 1999 to $18.6 billion, up from $12.3 billion in 1998 and $4.9 billion in 1997.

Fidelity Investments Institutional Services Company sells 401(k) products to small businesses of 100 employees or less. It also distributes the Fidelity Advisor funds and other products through 4,200 banks, wirehouses, broker/dealers, and trust and insurance companies.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.