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Couples now need $225,000 to retire
This figure is a 4.7% increase over the 2007 estimate of $215,000, according to Fidelity.
Fidelity to pay $8M for employee misconduct
The 13 charged received travel, entertainment and other gifts paid for by brokers, including private jet trips to Bermuda, Mexico and Las Vegas.
Fidelity highlights growth in annual report
FMR, the parent company of Fidelity, reported a 15% increase in assets under management for 2007.
Report: Merrill to wind down subprime unit
The firm will close down most of First Franklin Financial, its subprime-mortgage lending unit business, according to CNBC.
Fidelity’s 401(k) platform raised
A record 516 new plans were funded in 2007, with total plans serviced growing to 2,825, a 15% increase from 2006.
Fidelity to rejigger compensation structure
The Boston-based frim is modifying its compensation and bonus structure to recognize performance of individual divisions.
Fidelity unveils new fund and portfolio
The firm now offers the Advisor Mega Cap Stock fund in several asset classes as well as the VIP Emerging Markets Portfolio.
Fidos DC record-kept assets grow
Defined contribution record-kept assets at Fidelity Investments grew 8% last year.
Fidelity’s Q4 broker assets break record
Total brokerage client assets reached a record $1.99 trillion, a 17% increase from the previous year.
Fidelity gift fund reports record year
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
Fidelity lays off 200-plus workers
The Boston-based firm fired more than 200 workers from its information technology and personal investments divisions.
Fidelity to expand operations in New Mexico
Fidelity Investments of Boston will expand its human resources business to a new location in Albuquerque, New Mexico this spring.
Fidelity to reopen Magellan Fund
Last year, the fund's returns rose 18.8%, outperforming the S&P 500 Index by 13.3 percentage points.
Liebrock jumps from Fidelity to Captrust
Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.
Fidelity launches college philanthopy program
The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy.
Fidelity to benefit breakaway brokers
Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.
Fidelity expands trading network
The firm has added 13 trading partners to its DarkSweep and CrossStream liquidity platforms.
Fidelity Wealth boasts $325B in assets
Fidelity Institutional Wealth Services' total client assets reached $325 billion, up 50% from last year.
Fidelity, Pyramis open London office
Each company will staff the office with three to five analysts, representing some personnel from Boston and some new hires,
AXA hires Fidelity retirement exec
AXA Equitable Life Insurance Co. has added Bill McDermott as executive vice president of corporate markets, a new business.