Fidelity Investments said an undisclosed number of brokerage clients were affected Monday.
Firm hopes the move allows it to compete with Wall Street brokerages.
Bill Gross's Pacific Investment Management Co. was the only provider among the top 10 U.S. mutual-fund families to suffer net withdrawals last month, according to a report from Morningstar Inc.
The world's largest bond manager hired Harley Bassman, who was a managing director at Credit Suisse Group AG's securities arm, as an executive vice president and money manager.
$115B in flows nearly double previous high; active takes in just $38B
Advisers should continue to monitor the situation at Pimco closely, explore other options for assets that are housed at the company and keep an open mind.
Employers are turning to a new kind of adviser to help their employees save for retirement, a new survey shows.
Rules in favor of Fidelity employees who say they were fired for reporting fraud.
Lack of time to learn the complexities leads to lack of confidence.
Pacific Investment Management Co., the world's biggest bond manager, plans to start 19 actively managed exchange-traded funds as co-founder Bill Gross further diversifies the firm following Chief Executive Officer Mohamed El-Erian's resignation last week.
Don't be surprised if the stock market corrects by as much as 10% this year, but "the bull market we're in now will be the best in our lifetime,” according to Schwab's Liz Ann Sonders. What can you do to keep your clients in equities?
Breakfast with Benjamin: JPMorgan's Madoff missteps, Prudential's bullishness, ETF inflows' lessons, gold bugs' squashed state and Kraft's Velveeta shortage warning. Plus: pot stocks vs. prison stocks.
Charitable income tax deduction one of the few tax shelters remaining.
“It has been pretty clear for a while that Dan [Ivascyn] is part of the next generation of leadership at Pimco,” said Michael Rosen, chief investment officer at Angeles Investment Advisors, a consultant to institutions. “He has done well and he's a good guy.”
iShares, Wisdomtree launch new funds taking advantage of the government's new floating-rate notes.
Market Vectors partnership gives U.S. investors direct access to Chinese exchanges.
A new fund seeks to provide exposure to hard-to-access Chinese stocks but the drawbacks are significant.
<i>Breakfast with Benjamin:</i> A man called "Mr. ETF," plus the skinny on Dave Camp's tax plan, Edward Jones settles cold calling case, a Wall St. cop moves on and a new take on "insider" trading.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., cited a farm he's owned since 1986 in cautioning individuals against frequent buying and selling of stocks.
Hedge-fund manager David Einhorn cautioned against betting on the extension of a U.S. stock- market rally that he said was fueled by conditions that are difficult to sustain.
