Fidelity Brokerage reported its assets in the second quarter rose 21% to $1.5 trillion. Driving those strong sales was money invested in individual retirement accounts, money market funds and Fidelity's target-date Freedom Funds. In addition, more investors are asking for Fidelity's portfolio advisory services.
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An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
During first-quarter earnings calls, top executives of mega firms like Goldman Sachs, Morgan Stanley and Citigroup talked about how they're testing AI and high-tech tools.
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
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