Overview

Abigail Pierrepont Johnson is the CEO and chairwoman of Fidelity Investments; the largest mutual fund company in the United States managing over $4.5 trillion in assets. She is the third generation of the Johnson family to lead the company; succeeding her father Edward "Ned" Johnson III. With a personal net worth estimated at over $29 billion; she is one of the wealthiest women in the world. Under her leadership; Fidelity became one of the first major financial institutions to embrace cryptocurrency; launching Fidelity Digital Assets in 2018 to provide institutional crypto custody and trading. Johnson drew controversy for her political donations; giving to both Republican and Democratic candidates while Fidelity lobbied heavily against fiduciary rules that would require financial advisors to act in clients' best interests. Fidelity has faced multiple regulatory actions including a $2 million FINRA fine for supervisory failures and SEC scrutiny over its 401(k) fee structures that critics argued enriched Fidelity at the expense of retirement savers. Johnson was also criticized for Fidelity's significant investments in fossil fuel companies while marketing ESG funds; and for the company's extensive lobbying against the DOL's fiduciary rule during the Obama and Trump administrations.

Key Affiliations

Controversies & Concerns

Related Investigations (0)

Known Associates & Connections

Sources & Documentation

1 documented sources from official records, investigations, and reports