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Fidelity to hire 4,000 positions by midyear
The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.
Empower joins group providing portability of retirement savings
The Portability Services Network, a group that includes Alight, Fidelity and Vanguard, aims to automatically transfer retirement plan account balances when workers who've saved less than $5,000 change jobs.
Fidelity readies ESG target-date series
The firm would be one of several companies providing sustainable target-date funds in the US.
Bring visual accessibility into focus with tools, workplace culture
Financial advisory firms need to be sure that clients are able to read documents, and providing that access is an ongoing process.
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.
Fidelity hopes to bridge the gap between aging advisors and young investors
It stars with a new toolkit to help industry veterans better relate to a universe of potential clients that wants advice on its own terms.
Fidelity tracks M&A trend of more deals involving smaller RIAs
A new report on 2022 dealmaking shows a growing number of acquisitions of firms with less than $500 million under management.
Ben Harrison is suddenly alone at top of Pershing’s custody business
The departure of his co-head, Maura Creekmore, leaves the popular executive solely in charge of Pershing's Wealth Solutions business.
Fidelity launches business development company
The Fidelity Private Credit Fund will be available to individual investors and distributed through financial advisors.
Was 2022 the best year ever for exchange-traded funds?
From asset flows out of mutual funds and into ETFs, to mutual fund-to-ETF conversions and the emergence of single-stock ETFs, the liquid, low-cost, tax-efficient ETF wrapper has notched a lot of wins this year.
Fidelity funds seek to make bigger bets on individual stocks
The money manager is asking shareholders to sign off on a proposal to let 13 of its growth funds exceed limits on the size of their stakes in individual stocks.
Are semitransparent ETFs inadvertently creating a market for fully transparent ETFs?
After nearly a decade of fighting for regulatory approval of semitransparent ETFs, the asset management industry is realizing what investors really want.
Fidelity takes another bite of ETF market by converting six mutual funds
The converted ETFs will join a small but growing universe of transparent active strategies.
Loans and hardship withdrawals from 401(k)s on the rise
The portion of savers taking money from their retirement accounts for hardships spiked 24% in the 12 months through Sept. 30.
Fidelity to launch commission-free retail crypto trading platform
The brokerage has opened up a wait list for its new service Fidelity Crypto which will offer custody and trading of Bitcoin and Ethereum.
Fidelity will pay for undergraduate degrees of its customer service reps
Entry-level employees working at the company's regional call centers are eligible for the program, which will fully pay for tuition, books, fees and taxes.
Fidelity ramps up efforts to offer direct indexing through financial advisers
The asset manager's new platform is aimed at financial intermediaries who want to offer their clients customized separately managed accounts.
Parents unnerved by economic turmoil but still saving for kids’ college
A Fidelity survey shows 81% of parents say that college remains worth the price of admission even in the face of spiraling costs.
Anxiety over economy not stopping IRA growth: Fidelity
The number of IRAs on Fidelity’s platform increased in Q2 and the percentage of employees with 401(k) loans remained low for the fifth consecutive quarter.
Fidelity adds five sustainable funds to 529 plans
The portfolios were added to programs for Connecticut, New Hampshire and Massachusetts.
