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Fidelity launches business mimicking hedge-fund strategies
The asset manager is jumping into liquid alternatives, citing its clients' interest in diversifying.
Two years later, financial services firms still searching for balance on remote work
Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.
T. Rowe Price, Calamos Advisors bring home overall fund company Lipper Awards
Fidelity tops all fund companies with 35 individual fund trophies; Carillon Tower Advisers wins the small-company fixed-income award for the second straight year.
The future of the 401(k) lies with small businesses
The number of small businesses is growing, in some part due to unhappy workers leaving jobs to set up shop on their own. That has led to more startup 401(k) plans.
Fidelity tool aims to make benefits more inclusive
The company's benefits equity scorecard can help employers match the benefits they provide to employees' needs.
Investment firms watching 401(k) market for ESG growth
Fidelity has around $7.4 billion in DC plan assets in ESG options and last year added seven funds to its sustainable lineup.
CITs claim larger share of target-date market
The growth in the use of collective investment trusts, which trend to charge lower fees, reflects the pressure to cut costs.
Fidelity launches new compliance business line Saifr
The technology lets artificial intelligence do the monotonous tasks of compliance reviews, allowing marketers and compliance teams to focus on the more complex details.
Target-date fund sales back up after a dip in 2020
The products had net inflows of $23.9 billion, a significant increase from the $6.7 billion in outflows seen in 2020, according to a report from Morningstar.
Fidelity added $90 billion in DC plan assets in 2021
The fund giant says it also added $20 billion in defined-benefit assets last year.
Pimco, Fidelity shun net-zero alliance embraced by BlackRock
The Glasgow Financial Alliance for Net Zero is finding its can't attract some of the top names in asset management, including Pimco, Fidelity Investments and Capital Group.
Fidelity Institutional adds new head of client growth
Rohit Mahna will report to Mike Durbin and fills the spot vacated in June by Sanjiv Mirchandani, who took part in Fidelity's sweeping buyout offer.
Fidelity heads to Canada with Bitcoin ETF
Since U.S. regulators are balking at approving funds that invest directly in Bitcoin, Fidelity will launch the Fidelity Advantage Bitcoin ETF in Canada.
Fidelity rolls out product allowing 401(k) participants to buy annuities
Guaranteed Income Direct is integrated into Fidelity’s employee benefits portal and offers workers immediate income annuities at institutional pricing from the insurance company of their choice.
Average 401(k) balance dropped in Q3: Fidelity
At the same time, the average IRA balance saw a slight uptick. A recent survey shows many people have low estimates of how much they will need to retire, and a paper explores the need to update the 4% rule.
Fidelity, MassMutual point to student-loan perks for workers
Fidelity is increasing its limit for student loan contributions for its employees, and MassMutual is letting people apply vacation time to payments.
Schwab’s Clark, Fidelity’s Canter challenge Kitces over custody fees
Executives from the largest custodians offered Michael Kitces the opportunity to debate his ideas for restructuring custody fees. Kitces took to Twitter to accept the challenge.
Will RIAs or RPAs benefit more as retirement, wealth converge at workplace?
RPA firms are selling at record profits, with deals flow expected to double in 2021, but it pales in comparison to the RIA market. So far, we have not seen any RIA aggregators, other than Captrust, show interest in the DC space.
Fidelity opens adviser access to fractional shares
Two years after making fractional shares available to retail investors, Fidelity is responding to demand from advisers to work with smaller accounts and further customize portfolios.
Joanna Rotenberg to head Fidelity’s personal investing division
The wealth management chief at BMO Financial will succeed Kathy Murphy, who plans to step down before the end of the year.
