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It was founded in 1946 and serves North American investors. Fidelity Ventures is its venture capital arm. 1969, serving most countries in the rest of the world. Fidelity Investments manages a large family of mutual funds, provides fund distribution and investment advice services, as well as providing discount brokerage services, retirement services, wealth management, securities execution and clearance, life insurance and a number of other services. Fidelity is a privately held company founded by Edward C. Johnson II in 1946, which is owned by employees and the Johnson family. Research Company, the US investment management division of Fidelity Investments, acts as the investment adviser to Fidelity’s family of mutual funds.