Fidelity Investments of Boston is allowing customers of Fidelity Brokerage Services to use their assets as security for mortgage loans. Customers can receive up to 100 percent mortgage financing with no cash down. Called the Fidelity Pledged Asset Program, it is being offered in conjunction with GMAC Mortgage Corporation.
The arrangement means that customers' money can continue to grow in Fidelity portfolios, without incurring capital gains while being used as security for a mortgage.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Turns out clients are as mistaken about tax preparers as they are about taxes.
