Results for "fidelity investments"

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Top 10 record keepers of defined contribution plans

April 13, 2017

The largest defined-contribution-plan record keepers all experienced positive asset growth last year, according to Pensions & Investments' annual record keeper survey. Bank of America Merrill Lynch, the No. 7 service provider by assets, had...

Brinker Capital rolls out DOL fiduciary rule-friendly funds

April 12, 2017

Brinker Capital, an investment management platform geared toward financial advisers, is jumping on the fiduciary-rule bandwagon by converting $7 billion worth of managed account assets into a family of 10 mutual funds. The Destinations funds,...

Advisers taking steps to protect elderly

April 3, 2017

There's widespread acceptance in the financial services industry that elderly financial abuse is a growing problem, but there's no universally accepted game plan for how to respond. Many times firms' internal procedures will involve adviser...

As Fed raises interest rates, money funds increase yields, some to more than 1%

March 31, 2017

Thanks to the Federal Reserve's recent interest-rate hikes, some money market funds are doing things they haven't done in a decade: Paying 1% interest. Your clients won't get rich on their money fund holdings, but at least they'll get more than...

Fidelity follows Empower in launching TDF-managed account hybrid

March 31, 2017

Fidelity Investments, the largest retirement plan record keeper, has introduced a new service for defined contribution plans that would allow employers to default employees into either a target date fund or a managed account. Record keepers,...

BlackRock shakes up struggling active stock-picking unit

March 29, 2017

BlackRock Inc., the world's largest asset manager, is shaking up its struggling stock-picking unit by cutting jobs, reorganizing funds and lowering fees. The revamp, which embraces quantitative strategies, moves $8 billion of the $201 billion...

Professors give themselves a 'B' in financial literacy

March 28, 2017

Good, but not excellent. That's the self-assessment of college professors regarding their financial literacy, a subject in which they grade themselves a "B." A study of higher education faculty by Fidelity Investments found that while professors...

Record keeper Empower jumps into HSA market, as Fidelity expands

March 28, 2017

Two of the largest retirement plan record keepers, Empower Retirement and Fidelity Investments, are growing their health-savings-account businesses, at a time when such accounts are becoming more popular and providers are feeling the pressure...

Plan sponsors want help with DOL fiduciary duties

March 19, 2017

Plan sponsors worry about participants suing over inferior investment choices or high fees. At the same time, they're anxious about the Labor Department or Internal Revenue Service finding fault with their plan design or processes. They want...

Merrill Lynch outlines plans for its 401(k) fiduciary platform

March 15, 2017

Merrill Lynch Wealth Management outlined plans Wednesday to transition its defined-contribution-plan business over to a fiduciary model, coming several months after the firm announced similar plans for its retail retirement business and as the...

Fidelity, Empower and T. Rowe take three different approaches to the DOL fiduciary rule

March 7, 2017

The Department of Labor's fiduciary rule is leading record keepers of 401(k) plans to adopt wildly divergent compliance strategies. Take Fidelity Investments, Empower Retirement and T. Rowe Price, three of the largest defined-contribution-plan...

RIAs embrace the tough-love feedback of advisory boards

February 28, 2017

It takes a thick skin to invite outsiders to rigorously critique your financial planning business, but some financial advisers wouldn't have it any other way. "I show them my business plan, and I usually get beat up pretty good, but it has helped...

Fidelity cuts commissions for online stock and ETF trades by nearly 40%

February 28, 2017

Fidelity Investments is lowering online commissions for trading in U.S. stock and exchange-traded funds by nearly 40 percent, to $4.95 from $7.95 a trade, for individual investors. The nation's largest online retail brokerage firm, with 17.9...

Beware the gap coming in the number of financial advice professionals

February 22, 2017

With the average financial adviser now 51 years old, and as the baby boom generation grinds toward retirement, it's only natural to fret over a potential dearth of fresh faces to fill the advice ranks. From a big-picture perspective, David Canter,...

Investors to U.S. stock funds: Drop dead

February 16, 2017

The Standard & Poor's 500 roared to a 1.98% gain in January, and investors yawned. The first winning January since 2013 should have cheered investors: A winning January agurs an up year 80% of the time. Yet U.S. stock funds saw a net inflow...

New York Life settles 401(k) lawsuit for $3 million

February 16, 2017

New York Life Insurance Co. has agreed to settle a lawsuit alleging the firm engaged in self-dealing in its 401(k) plans for the sum of $3 million. Plaintiffs brought the excessive-fee suit against New York Life in July 2016, seeking relief...

Families at odds over estates, Fidelity study finds

February 1, 2017

When it comes to discussing their estates, it turns out that parents and their adult children are rarely on the same page, according to a recent study by Fidelity Investments. Although 90% of families say it's important to have frank conversations...

Aon Hewitt sued for 401(k) 'kickback' scheme with Financial Engines

January 31, 2017

Aon Hewitt is the latest retirement-plan record keeper to be sued for an alleged kickback scheme with 401(k) advice provider Financial Engines, following similar lawsuits filed recently against three other prominent record keepers. A participant...

The Trump Effect: How the president will impact financial markets

January 29, 2017

When Donald Trump talks — or tweets — the public pays attention. When he takes a certain company or industry to task, investors listen and markets react. Although before the election Mr. Trump said he thought the stock market was in a “big,...

Fidelity's Bob Oros to take over as CEO of HD Vest

January 23, 2017

Bob Oros, executive vice president and head of the RIA segment at Fidelity Investments, is taking over as CEO of HD Vest Financial Services Inc. Mr. Oros, 51, who is slated to leave Fidelity at the end of the month, will replace Roger Ochs,...

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