The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Capital · in

net new assets / new customers (tens of millions of retail + workplace accounts); AUA growth is the proxy — no cited net-flow dollar captured this pass

low confidence · as of 2026-07-26 · about Fidelity

Sourced figures 1


the working

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Fidelity.