Displaying 885 results
Fidelity fends off suit over 401(k) access fees for fund managers
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
Moving past the pandemic
The financial services industry relied on technology and innovation to adapt and keep business running throughout the pandemic, and should continue to embrace much of what was learned.
Northwestern Mutual team managing $250 million goes indie
Vedder Group, a four-person team in Tallahassee, Florida, is using the services of Integrated Partners, with Fidelity as its custodian.
Target-dates with guaranteed income, the new 401(k) pitch
American Century, Prime Capital Investment Advisors, Nationwide and Lincoln Financial Group collaborated, along with others, on the QDIA.
Fidelity talking to local officials about vaccine distribution
Local governments have begun reaching out to Fidelity to explore a potential role to assist with the logistics of distributing the vaccines, according to a spokesperson.
Educators, hit hard by Covid, are leaving jobs and worried about retirement
More than half are seriously considering leaving the profession or retiring early. A third of those thinking about leaving for other fields were tenured professors.
Fidelity hosts a Reddit AMA — but Robinhood steals the show
More than 1,300 comments from Redditors flooded the discussion, yet trading education was largely outshined by comments comparing Fidelity’s mobile app interface to Robinhood's.
Fidelity launched a PEP — here’s why that matters
The company was far from being the first to register with the Department of Labor as a pooled plan provider. But its fully bundled service, which includes administration, fiduciary oversight and the plan’s investments, indicates that Fidelity is confident that it will not run afoul of the regulator.
Fidelity launches ESG friendly tool for advisers
Fidelity's new technology is designed to help advisers create ESG model portfolios and engage clients with impact investing.
Fidelity launches pooled employer plan
Fidelity Investments became the latest to register with the Department of Labor as a pooled plan provider. The PEP, which appears to target small businesses, could significantly boost the company’s presence in that market – the bulk of Fidelity’s defined-contribution plan business is with large employers.
Fidelity executive leading $3.6 trillion Personal Investing group retires
After 12 years as president of the division, Kathleen Murphy, 57, will depart this summer; her successor has not yet been named.
Fidelity chops index target-date minimums, following Vanguard
The company, not wanting to be outdone by an identical move in December by its competitor Vanguard, lowered its investment minimum for defined-contribution plans from $100 million to $5 million.
Target-date fund 2020 sales in red as CITs rose, older workers fled: Report
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
Are advisers investing client assets in Bitcoin?
Clients are curious about the recent boom in cryptocurrencies, but volatile performance records are keeping some advisers on the sidelines
Mapping your firm’s future
When thinking about your firm’s strategy, consider where you stand on the 4 Ps — personalization, purpose, private markets and portfolio construction
The latest in financial #AdviserTech — December 2020
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
More than two-thirds of Americans faced financial setbacks in 2020: Fidelity
Four in 10 Americans say they’ll be spending 2021 in 'survival mode' focusing on getting financially stable through next year
Fidelity had ‘locker room’ culture, suit says
A former employee says male colleagues made offensive colleagues about her pregnancy, rape, women's bodies and slavery
Reported SageView sale heats up already hot RPA M&A market
The potential megadeal will affect the retirement plan adviser business and could lead to further mergers and acquisitions
401(k) advisers busier this year helping with rollovers, distributions
A recent survey found that advisers are working with participants more than usual amid the pandemic
