Wall Street Money Moving From GOP

Look out: Your fund manager and your stockbroker are turning blue.

Politically speaking, at least.

Once upon a time, the Republican Party was the political wing of Wall Street. No longer. Presidential candidates have just revealed how much they raised, and from whom, during the first quarter. Among the notable facts in this early and high-octane race is that Democrats edged out the Republicans on Wall Street by $4.5 million to $4.1 million.

Even more noteworthy: This is becoming a trend. Wall Street has been turning away from the GOP for a decade.

The figures come from the Center for Responsive Politics, the Washington, D.C., think tank that tracks money in politics.

So far this year, 88% of money donated from people working for asset-management giant UBS(UBS Quote - Cramer on UBS - Stock Picks) has gone to Democrats. The figure at Morgan Stanley(MWD Quote - Cramer on MWD - Stock Picks) is 60%. Yes, these are early days -- but so is the fundraising. And both firms gave much more money to Republicans in past elections.

But maybe the most interesting is Boston-based mutual fund giant Fidelity Investments. It has, historically, been an overwhelming supporter of Republicans. And this time around you would expect the bias to be even greater, as the GOP field includes local boy Mitt Romney -- a former venture capitalist who is part of the Boston business world and the former governor of Fidelity's home state of Massachusetts.