Fidelity Digital Asset Management is one of the most prominent asset management companies in the world, and one of its biggest competitors.
Its clients include big-name tech giants like Apple, Microsoft, and Amazon.
But Fidelity is also known for a more niche portfolio of assets like real estate, and its investors are increasingly looking at investing in things that are less traditional, like digital assets.
And it’s the asset management business that is making a big push into the mobile space, with a deal announced last month that will see Fidelity take over the mobile division of Dimensional Fund Management.
The deal is the first for the firm, which is also a major investor in Google Ventures, the venture capital firm that invests in startups and has a number of prominent tech investors.
Fidelity says that its new portfolio will help it focus on the “big, big, big things” that are driving its performance, like its high-yield, high-performance mutual funds.
The move comes as Fidelity’s mobile portfolio, which currently includes $3.2bn in assets, has seen some of its assets drop in value.
And its mobile investment returns have been disappointing.
Fitch Ratings has cut Fidelity in the past for poor performance, and the firm’s mobile performance has been among the worst in the sector.
And Fidelity has been struggling with bad mobile user retention, with the firm having just about 10% of its users logging on once a month, down from around 17% in 2016.
F&M has also been struggling to get users on its mobile app.
The company recently rolled out a new mobile app that gives users access to a full calendar of Fidelity assets, and a few months ago it introduced a new product that allows users to search and purchase Fidelity shares through its website.
The new Fidelity mobile app is available for iPhone and Android.
The F&am app, meanwhile, has just over two million users, and is now available on both Windows and Android platforms.
And in addition to the mobile app, Fidelity also announced that it’s bringing its “Mobile Finance” business unit to its mobile platform, which will focus on providing a wider range of financial services to clients.
FAM also recently launched a new digital assets portal, which it said will allow investors to invest in digital assets through the firm.
The mobile app and the portal are part of a wider push for the company to expand its mobile offerings and invest in newer asset classes.
For now, F&AM has been focusing on its digital assets and investment tools, which include an asset management tool, a digital asset management app, and mobile apps that provide a variety of services.