Is Fidelity owned by Wells Fargo?
Fidelity Investments is entirely independent and is not owned by Wells Fargo. Fidelity is a privately held multinational financial services corporation headquartered in Boston, Massachusetts, controlled in substantial part by the founding Johnson family and current employees. Wells Fargo is a massive, publicly traded multinational universal bank headquartered in San Francisco, California, operating under its own distinct corporate governance, board of directors, and shareholder base. While both firms operate within the broader financial services and wealth management landscape and compete directly for retail and institutional clients, they maintain completely separate corporate ownership structures with no controlling affiliation between them.
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