(The Wall Street Journal) -- Succession planning at Fidelity Investments calls for the next chairman of the mutual-fund giant to be Abigail Johnson, the daughter of current chairman and chief executive Edward "Ned" Johnson III, say people familiar with the matter. But she might not run the company as chief executive, they say.

The plan would secure a prominent role at Fidelity for the Johnson family, which founded the Boston-based company in 1946 and has made it the largest handler of mutual funds and 401(k) retirement accounts, with $1.3 trillion (€885bn) in assets under management and 23 million investment customers.