Research Reigns at Fidelity Balanced

An army of analysts helps the manager of this fund find the right mix of companies.

Editor's note: This is part of a continuing series of articles looking at the 20 biggest no-load stock funds.

The Fidelity machine is at work in Fidelity Balanced. The fund is ably run by Lawrence Rakers, who picks stocks and sets the allocation (George Fischer selects the bonds). But Rakers, a modest sort, gives full credit to his army of 90 analysts in Boston headquarters. "My whole process is to extract value from Fidelity research," he explains. "I have an incredible amount of resources in Fidelity."

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Contributing Writer, Kiplinger's Personal Finance

Andrew Tanzer is an editorial consultant and investment writer. After working as a journalist for 25 years at magazines that included Forbes and Kiplinger’s Personal Finance, he served as a senior research analyst and investment writer at a leading New York-based financial advisor. Andrew currently writes for several large hedge and mutual funds, private wealth advisors, and a major bank. He earned a BA in East Asian Studies from Wesleyan University, an MS in Journalism from the Columbia Graduate School of Journalism, and holds both CFA and CFP® designations.