Fidelity has announced that John Hancock is offering an investment account that includes the option to invest in the company, Fidelity’s chief investment officer John Hancock said.
John Hancock invests in a broad range of asset classes including technology, infrastructure, healthcare and real estate.
“We’re pleased to partner with John Hancock on our investment accounts,” Fidelity CEO and co-founder Michael Smith said in a statement.
“John Hancock is a leader in the healthcare and technology sector, and we look forward to expanding our partnership with the company.”
The company said it will offer the account for $10,000 to investors who invest in its technology-focused healthcare business.
Fidelity is a registered investment adviser with the Securities and Exchange Commission and is owned by a private equity group led by the billionaire brothers Charles and David Koch.
John Smith has been a staunch supporter of the Kochs and their political causes.
His brother, David, founded Freedom Partners in 2014, a political action committee that supports GOP candidates.
Freedom Partners spent millions of dollars to elect Republican U.S. senators and representatives in states across the country.
Freedom also donated $20 million to Republican presidential candidate Mitt Romney’s 2012 campaign.
In a recent op-ed for The New York Times, John Smith said that the Koch brothers have made “a significant and enduring contribution to American politics.”
He called them “the most prominent political force in America.”
Fidelity said that John’s investment account, which it plans to issue to customers in the next 12 months, is the first of its kind for Fidelity.
John’s investments include Fidelity Life.
The company’s life insurance business has an average of more than $1.4 billion in assets, according to its most recent annual report.
John said the account includes an option to purchase the company’s common stock, which will trade at about $10 per share.
FEDEX is offering the investment account with no minimum deposit of $50,000.
John has also said that Fidelity and other investment companies will invest in his personal wealth in the future.
John is an avid outdoorsman who enjoys skiing, hiking, horseback riding and snowboarding, according a profile in the Wall Street Journal in April.