Fidelity’s billionaire Johnson family vs. the average investor
Plus: BlackRock applies more low-fee pressure, the fallout from the falling pound, and don't work where you don't belong
- Fidelity Investment’s private venture capital business gets called out for lining the pockets of the company’s close-knit ownership circle at the expense of ordinary mutual fund shareholders. The Johnson clan gets richer.
- In the race to the bottom, BlackRock has shaved a few more ‘bips’ from its ETF expenses. Some are saying the fee pressure is coming from the DOL fiduciary rule. This isn’t the first time BlackRock has been aggressive in matching low fees.
- The fallout from the falling pound. Feeling the pain everywhere.
- Understand your personality type, then go get the right job for you. Introverts don’t belong in sales.
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