The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

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Posture

expanding

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

$7.0T discretionary AUM / $17.9T assets under administration (Mar-2026), revenue $37.7B (2025); broadening from funds into brokerage, workplace, and crypto.

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the working

Basis

$7.0T discretionary AUM / $17.9T assets under administration (Mar-2026), revenue $37.7B (2025); broadening from funds into brokerage, workplace, and crypto.

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