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Fidelity clearing veteran Mark Healy bolts, heads for private equity
Mark Healy, an executive vice president of Fidelity Investments' National Financial Services LLC securities clearing unit, has left the company to become an executive of a private-equity firm.
Fidelity’s NFS launches bank sweep program for brokers
National Financial Services LLC, the correspondent-clearing unit of Fidelity Investments, has set up a sweep program that allows broker-dealers to deposit up to $2 million of their customers' cash into insured bank accounts.
Fund firms profile behavior of advisers
Law enforcement uses behavioral profiling to identify terrorists, and now mutual fund companies are starting to apply the…
Big banks redrawing custodial landscape
JPMorgan Chase & Co. and Bank of America Corp. may be giants of the financial services world, but they're retrenching when it comes to serving independent advisers.
Fidelity hires Schwab exec for wealth unit
Fidelity Investments has hired David Canter, a lawyer who spent more than eight years at competitor Charles Schwab & Co. Inc., for a newly created position as chief operating officer of its investor wealth services unit.
J.D. Power: Schwab No. 1 among do-it-yourself investors
Following Schwab in the ranking were Vanguard, Scottrade, TD Ameritrade and Fidelity Investments.
Fidelity hires ex-Schwab exec for RIA business
Fidelity Investments has hired David Canter, a lawyer who spent more than eight years at competitor Charles Schwab & Co. Inc., for a newly created position as chief operating officer of its investor wealth services unit.
Fidelity expands clearing business into Canada
Fidelity Investments said this morning it is expanding its clearing business into Canada, with the intention of serving U.S. broker-dealers looking for a toehold in the market, while also targeting Canadian broker-dealers.
Fidelity looks north, expands clearing biz into Canada
Fidelity Investments said this morning it is expanding its clearing business north of the border into Canada, with the intention of serving U.S. broker-dealers looking for a toehold in the market, while also targeting Canadian broker-dealers.
Fidelity dialing up international exposure across target date funds
Fidelity Investments is modifying its $90 billion Freedom Funds lineup of target date funds to increase their exposure to international equities, while also adding commodities and Treasury inflation-protected securities into the mix.
William Danoff
Not many mutual fund managers have a 19-year tenure on a fund, and only a handful of them were able to outperform their peers in all three major bear markets of the past two decades.
Fidelity to waive commissions on new RIA assets, cut technology fees (UPDATE)
Responding to Charles Schwab Corp.'s June announcement of price reductions for independent advisers and their clients, Fidelity is rolling out a competing program with a few extra twists.
Fidelity: ‘No plans’ to expand ETFs
Even as ETFs continue to take market share away from mutual funds and gain more popularity with retail investors and advisers, officials for Fidelity Investments are maintaining that the fund giant is unlikely to expand its proprietary exchange traded fund lineup.
Fidelity watchers ponder C-suite succession plans
While Fidelity executives this week quelled recent rumors about the potential departure of president Rodger Lawson, observers noted the larger question about the firm's future is who will take over when chief executive and chairman Edward C. “Ned” Johnson III, 79, steps aside.
Fidelity, Vanguard, others spent big bucks on 2Q lobbying
Boston's Fidelity Investments spent $940,000 — both directly and via third-party firms – during the second quarter to lobby Washington lawmakers on financial regulatory reform, retirement, taxes and other issues, according to recent filings with the Office of the Clerk of the House of Representatives.
Fido shareholders shoot down human-rights proposal
Shareholders of two mutual funds from Fidelity Investments voted against a non-binding proposal that would have prohibited the Boston-based manager from investing its funds in companies that contribute to genocide or other such crimes against humanity.
Fidelity searching for distribution chief
Fidelity Investments Institutional Services Co. Inc. is searching for an executive to replace Craig Huntley, an executive vice president whose departure was confirmed yesterday by company spokeswoman Jennifer Engle
Fidelity: Workers again putting more into 401(k)s
For the first time in a year, more of Fidelity's 11.2 million plan participants have raised, rather than reduced, their contributions.
Fidelity, JPMorgan recognized for offering strong educational services to investors, advisers
Fidelity Investments is leading the way when it comes to providing investors and advisers with good educational resources, according to a report today from Corporate Insight Inc., a New York-based financial services consulting firm.
Fidelity to trail in assets for the foreseeable future
Despite the improved performance of its mutual funds, Fidelity Investments isn't likely to recapture the crown as the firm that controls the most long-term-fund assets anytime soon.
