Fidelity Investments is long used to being at the top of the ladder of success. However, the nation's No. 1 mutual fund company always sees room for improvement, especially when it comes down to money management for large institutions, an area where Fidelity could really use some improvement.

With a total of $1 trillion in assets under management and, of that, approximately $80 billion in stocks, Fidelity is now working on upping its institutional assets under management by setting up an asset management service that will provide administrative/management services for the equity accounts of large institutional investors, such as pension funds.

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.