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Fidelity to expand in muni bonds, capital markets
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
Fidelity’s income dropped 18% in 2008
Fidelity Investments, the world’s biggest mutual fund company, reported today that its operating income dropped 18% last year.
Fidelity adds to team overseeing asset management
Fidelity Investments of Boston today named Anthony W. Ryan as head of asset management strategy and product development, a new position at the company.
Compensation rises as No. 1 job satisfaction criterion for brokers: Study
One out of every nine brokers and advisers are likely to leave their current employers this year, with…
Fido chiefs deny sales rumors
Fidelity Investments chairman Edward “Ned” Johnson is denying a rumor that the firm is for sale.
Fidelity Charitable Gift Fund contributions fell
While incoming contributions to the Fidelity Charitable Gift Fund dropped 43% last year, its grant making to non-profit organizations increased.
Fidelity’s Renfro to move to UnitedHealth
Larry Renfro, president of developing businesses at Fidelity Investments, is leaving the firm to take a position as executive vice president of UnitedHealth Group Inc. of Minneapolis.
Fidelity enhances research website
Fidelity Investments today added three capabilities to its stock research platform in an effort to help customers better navigate the market.
Fidelity taps outside talent for top posts
Peter Cieszko will be named president of Fidelity Investments Institutional Services today according to industry sources.
Ex-Fidelity traders fined $1M for taking swag
Eight former employees of Fidelity Investments will pay more than $1 million in total for improperly receiving travel, entertainment and gifts paid by outside brokers courting business from mutual fund company, the SEC announced today.
Fidelity launches platform for RIAs
Fidelity Investments today announced the formal launch of its Fidelity WealthCentral management platform for registered investment advisers.
Fidelity and Amex team to bolster IRAs
Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money.
Fidelity reopens two retirement-oriented funds
To offset numerous redemptions this year, Fidelity Investments announced yesterday it will be reopening two of its mutual funds to new investors and accounts, starting Dec. 16.
Charles Goldman lands at Fidelity
One week after bolting The Charles Schwab Corp, following a reorganization in which he appeared to be sidelined, Charles Goldman has accepted a senior job with broader responsibilities at its major competitor, Fidelity Investments.
Fidelity shakeup spotlights breakaway brokers
Fidelity Investment’s decision last week to replace the head of its adviser unit with an executive from Morgan Stanley is another sign that Fidelity is serious about recruiting more breakaway brokers into its fold.
Fidelity names new head of RIA unit
Fidelity today named Michael Durbin as president of its institutional wealth services division, which provides trading, custody and brokerage services to more than 3,500 RIAs.
Fidelity announces second wave of layoffs
After the first of the year, 1,700 jobs will be cut, said Fidelity spokeswoman Anne Crowley.
Fidelity to cut 1,300 employees in November
Fidelity Investments plans to cut about 1,300 employees this month and will have a second round of layoffs during the first quarter of the coming year, due to global economic conditions and the “unsettled nature of the world's stock markets.”
Lazard Capital Markets to pay millions for Fido boondoggles
Broker-dealer Lazard Capital Markets LLC was charged yesterday with failing to supervise employees who spent more than $600,000 entertaining traders at mutual fund giant Fidelity Investments, the SEC said.
Fidelity said to mull major layoffs
Fidelity Investments of Boston is not disputing published reports that about 4,000 layoffs may be in the offing.
