Fidelity Investments, the world's third-largest asset management firm, reported a significant increase in its assets under management. Over the past year, the company's assets grew by $1 trillion, reaching a total of $5.9 trillion. This marks an increase from the previous year's $4.9 trillion.
The company also experienced a substantial revenue boost, with earnings climbing 16% to a record $32.7 billion. Despite the revenue growth, operating expenses rose by 14%.
