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Fidelity draws adviser wrath with 1.9% cash offer
The high-yield default account sparked kudos then displeasure on Twitter when adviser Michael Kitces realized it doesn't apply to existing clients.
Former Fidelity broker barred over expense falsification
Orlando Vargas was reimbursed for computer equipment he never bought.
SEC charges Commonwealth Financial with conflicts of interest in revenue-sharing agreement
Firm's agreement with Fidelity's National Financial Services allegedly forced clients into more expensive share classes.
Fidelity Charitable donors gave record $4 billion in first half of year
Giving up 48% over 2018 period; last year's giving totaled $5.2 billion.
Finra bars former Fidelity broker for noncooperation with reimbursment investigation
Ernie Garcia was being investigated for altering receipts.
Fidelity, Dynasty back new tech-powered ESG asset manager
Called Ethic, the technology platform allows advisers to analyze existing portfolios to help clients meet ESG goals.
Fidelity adds low-cost funds, stepping up fee war
Asset manager says the new funds cost less than equivalent products at Vanguard.
Fidelity says it’s entitled to alleged ‘secret payments’ in 401(k) plans
Given the thin margins in the retirement business, firm says it was justified in cutting deals with money managers to boost profits.
Betterment for Advisors debuts paperless ACATS system
Getting rid of the paper involved in using the Automated Customer Account Transfer Service will also speed the process, robo says.
Fidelity’s National Financial raises more questions about GPB private placements
No clear value to GPB securities puts them at odds with firm's policy over alternative investments.
Tax reform changed the way advisers promote charitable giving, Fidelity survey says
The portion of clients with whom advisers discussed giving has risen to 58% from 46% in 2015, fidelity survey shows
Riskalyze adds fintech veterans to leadership team with eye on aggressive growth
With Lori Hardwick and Drew DiMarino, Riskalyze wants to expand among enterprise firms and possibly take the company public.
Fidelity custody business hooks up with lender to finance RIAs
The custodian's RIA clients will get discounted origination fees as part of the alliance with Merchant Investment Management
Fidelity building managed accounts platform
FMAX ties together Wealthscape technology, eMoney financial planning and investment management to rival TAMPs.
Price war expands as Fidelity cuts fees for target-date funds
Total net expenses for 21 of firm's 22 index funds will be lower than that of similar Vanguard Group products.
The robo-advice market is growing, but changing
Vanguard still dominates the market, but Aite Group expects increased growth among banks and discount brokerages.
LPL cuts ticket charge for some ETFs on key RIA platforms
Transaction charges for three ETF managers will drop 45%.
Trade-war threat presents opportunities for energy investments
Master limited partnerships are riding high.
Brokerages sound off on Regulation Best Interest
Small-brokerage executive expresses concern over lack of specifics about what is 'best,' given an inability to make perfect investment choices for every client.
Fidelity drops Goldman, brings securities lending in-house
As fees on index funds fall, revenue from businesses like stock lending becomes more important to asset managers.
