The Stacking Benjamins Show · Wednesday, July 29, 2026
Justin Bear, a senior writer for the Wall Street Journal, discussed the unique ownership structure of Fidelity, a company that has been controlled by the same family for generations. Unlike many of its peers, Fidelity remains privately held, allowing it to maintain a distinct corporate culture and avoid the pressures of public shareholders.
“Most of us know Fidelity because part of our paycheck disappears into a 401k that says Fidelity across the top, magically some of it shows up there, right?”
“But very few people know the story behind the company itself or the family that's controlled it for generations.”
“They're privately held company that is controlled by a single family that has been run by three people from three successive generations.”
“So, yeah, very different from many of the other big financial firms that people deal with on a day-to-day basis.”