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Fidelity to beef up digital channels with 800 tech hires
The company is investing to build out products like its Youth Account and digital asset trading solutions like Sherlock.
Lawsuit over 401(k) fees, active target-date series fails
Comparing actively managed funds on the plan menu to index funds that were available was not an ideal comparison, according to the court.
Fidelity to hire 9,000 workers across the US
The hiring push is the fund company’s third in less than a year, reflecting the boom in individual investing that has lifted the entire trading industry.
Fidelity is on TikTok jockeying for Generation Z
The discount brokerage posts short video clips on the social media app ranging from how-to guides for using the Fidelity Spire app to explainers of financial terminology.
Vaccines encouraged at most advisory firms — but not required
The industry has differing views on vaccine requirements. BNY Mellon Pershing will start requiring them next month, while Vanguard Group Inc. is offering cash rewards.
More plan sponsors looking for new adviser
A Fidelity survey shows sponsors also want lower fees, more retirement expertise and a better investment lineup.
Free Fidelity funds are flying off the shelves
Less than three years after the asset manager set the bar at zero fees for a suite of index funds, it has seen assets in the four funds grow to nearly $18 billion.
Fidelity launches wealth management education and training program
The Wealth Advisory Institute will include content from more than a dozen other major asset managers.
Move over, Robinhood — Fidelity democratizes investing for teens
Teens will be able to trade U.S.-listed stocks, Fidelity mutual funds and most exchange-traded funds, with no account fees or commissions.
Average retirement balances hit record in Q1: Fidelity
Year-over-year values are up more than 30% across more than 30 million IRAs, 401(k) and 403(b) accounts.
Cboe files to list Fidelity Bitcoin ETF
The exchange has proposed listing Fidelity's Wise Origin Bitcoin Trust, saying in its filing that concerns about potential manipulation of a Bitcoin ETF have been 'sufficiently mitigated.'
As companies inch closer to returning to the office, flexibility is key
Financial services companies have generally adopted remote work policies, but as offices reopen, the next issue becomes who is and isn't vaccinated.
Fidelity saw boom in first quarter
The company's assets under administration rose almost 43%, and there was a surge in the portion of new accounts opened by younger investors.
Fidelity opens securities lending platform to all comers
The agency lending platform joins a compact group of less than a dozen companies that enable funds to lend securities to be sold short.
Schwab accidentally puts $1.2 million into woman’s account
The woman, who used some of the money to buy a house and an SUV, was arrested earlier this week.
Fidelity plans to hire 4,000, including 1,000 licensed reps
The giant asset manager also intends to add technology workers at operations centers.
In-plan income is key to retirement security
Not having a retirement income solution within a DC plan is like having the pilots on a commercial flight parachute off midflight, forcing passengers to land the plane.
Fidelity Spire offers unlimited free trades
The app is focused on capturing the influx of young investors that are now seeking out financial services. Fidelity Spire is 'goal-based' and enables users to track progress on financial goals by linking their accounts.
Fidelity applies for Bitcoin ETF
The company's proposed exchange-traded fund would track the cryptocurrency using pricing from U.S.-based exchanges including Bitstamp, Coinbase and Gemini.
82% of Americans say Covid affected their retirement plans
A Fidelity study underscores the importance of financial planning, but reveals that the term means different things to people of different ages.
