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Fidelity moves could offer clues to life after Johnson
Fidelity Investments might announce a new executive team soon following President Rodger A. Lawson's departure last month, but Fidelity watchers will be focused on what any new lineup implies about the longer-term transition from 79-year-old Chairman and CEO Edward “Ned” Johnson's leadership.
Court ruling lays mutual funds open to whistle-blowers
District judge rejects Fidelity's argument, says fund company employees are covered by Sarbanes-Oxley; ruling 'will increase transparency'
Who’ll succeed Lawson at Fidelity unclear
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, the company may not act to fill the position immediately, industry experts predict.
Fidelity: Job cuts hiked our earnings
Fidelity Investments said Thursday its operating profit rose 5 percent last year, boosted in part by job cuts, as revenue continued to lag after two years of unusual volatility in financial markets.
Questions surround Fidelity’s stance on its adviser-sold 401(k) platform
Fidelity Investments says it still isn't offering third-party target date funds on its adviser-sold 401(k) platform. Not all fund companies signing on to the platform understand that to be the case, however.
Schwab to RIA clients: Did you authorize this wire transfer?
The Charles Schwab Corp. has begun calling clients of some registered investment advisers to verify that they have authorized wire transfers of funds from accounts held in custody at the broker-dealer.
Shooter in ABB attack was suing company, Fidelity over 401(k) plan fees
The trial over a 401(k) fee lawsuit against ABB Inc. is continuing on despite a workplace shooting at one of the company's factories on Thursday, in which the shooter was a plaintiff in the suit.
Fidelity eyes adding rivals’ target date funds to its 401(k) mix
Fidelity Investments is discussing adding non-proprietary target date funds to its adviser-sold 401(k) platform.
Fidelity in talks to launch new proprietary ETFs: Sources
Rumors have been flying of late that Fidelity Investments may be looking to expand its proprietary exchange-traded-fund lineup. Now sources say the firm has been ramping up talks with index providers and other partners to do just that.
Too scared to open statements, couple loses in arbitration
A New York couple who lost more than $2 million on financial and health care stock investments made by their independent adviser in 2008 and who stopped opening their monthly statements has failed in a bid to collect damages from Fidelity Investments, the custodian for their RIA.
Who will replace Rodger Lawson at Fidelity?
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, some industry experts predict the company may not act to fill the position immediately.
Fidelity’s Rodger Lawson’s retirement letter
Below is a copy of the letter Fidelity president Rodger Lawson sent to employees yesterday announcing that he will retire at the end of the first quarter
Fidelity slashes fees on 529 plans
Fidelity Investments last week announced that it is cutting the management fees on its Section 529 plans.
Schwab outlines products, enhancements for 2010
The Charles Schwab Corp., already having increased assets under custody for independent investment advisers this year, is preparing several products, services and technology offerings for advisers next year.
O’Hanley: Heir to Fidelity throne, or just passing through?
Ronald P. O'Hanley has the temperament and business savvy needed to occupy the premier industry hot seat between Edward “Ned” Johnson, chairman and CEO of Fidelity Investments, and his daughter Abigail -- but does he have the inside track?
Fidelity sets a date for Rodger Lawson’s exit
Fidelity Investments President Rodger Lawson is retiring at the end of March after two-and-a-half years reorganizing a company that's now on better financial footing, but also about 9,000 employees smaller than when he arrived.
Fidelity introduces Roth IRA conversion tool for RIAs, brokers
Fidelity Investments introduced a free online Roth IRA conversion calculator Tuesday for its independent registered investment advisers and the broker-dealer clients that clear through National Financial Services LLC.
Fidelity watchers ponder succession at the family firm
Although Fidelity executives last week quelled rumors about the potential departure of president Rodger Lawson, observers noted that the larger question about the firm is who will take over when chairman and chief executive Edward C. “Ned” Johnson III, 79, retires.
Fidelity Investment’s Lawson says search is on for his own replacement
Fidelity Investments' moves to reorganize and diversify beyond its core mutual fund business are paying off.
Fidelity promotes Perold to asset management chief
Jacques Perold was named head of Fidelity Investments' $1.4 billion asset management group, which includes Pyramis Global Advisors, said Vincent Loporchio, spokesman.
