Fidelity Investments said on Thursday that it had entered into a new agreement with Ibbotson Associates, an institutional investment advisor and leading authority on asset allocation strategies, to offer independent investment advisory services to the more than 10,000 defined contribution plan sponsors serviced by Fidelity, for their participants.

Under the agreement, Ibbotson will provide 401(k), 403(b) and 457 plan participants independent professional investment model portfolio recommendations and will directly execute them through Fidelity's defined contribution planning tools and services.

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