Golden Finance reported that the assets under management of Fidelity Investments, the third largest asset management company globally, increased by $1 trillion in the past year, reaching a record high in revenue. Based in Boston, Fidelity stated in its annual report on Tuesday that the assets managed by its proprietary investment funds and accounts rose from $4.9 trillion the previous year to $5.9 trillion in 2024. Revenue rose by 16% to a record $32.7 billion, while operating expenses increased by 14%.