Boston-based Fidelity Investments secured its status as the leader in the defined contribution market with $17 billion in assets under administration in the first half of 2011, the financial service firm announced Wednesday.
More than $15 billion came from new clients, Fidelity reports. The firm has received defined contribution (DC) commitments representing 315,000 participants.
The remaining $2 billion in assets came from merger and acquisition activity with existing clients. Fidelity also announced that it is seeing robust sales commitments for 2012, which have already exceeded more than $6 billion.
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