FMR Corp. Peter Lynch begins managing Magellan Fund. 1981 Fidelity Systems Company established to oversee computer and telecommunications responsibilities. Fidelity Management Trust Company established. Fidelity's first regional operations center, Fidelity Investments Southwest, established in Dallas. Fidelity's first Investor Center opens on Congress Street in Boston.
Fidelity opens second regional operations center in Salt Lake City.
Fidelity introduces first credit card offered by a mutual fund company. Third regional operations center opened in Cincinnati. Fidelity Capital formed as an umbrella company for start-up ventures. 1989 Fidelity Institutional Retirement Services Company launched. Launch of Spartan Brokerage, a deep-discount operation for active investors.