Fidelity Institutional has added four allocation mixes in its Target Allocation, Target Allocation Blended and Target Allocation Index-Focused model portfolios. The additions are equity and fixed-income mixes of 10/90, 30/70, 50/50 and 100/0.
Since their launch three years ago, Fidelity’s target allocation model portfolios have collectively outperformed an average of 88% of peers, the company said in a release.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
