Seventy-one percent of the 401(k) investors who responded to the survey said they plan to keep their current investment strategy. Many see the market as a "buy opportunity," with 33% saying that they plan to increase the amount they currently contribute to their portfolios.
In addition, the firm--which has lost 17% of its total assets year to date, according to
Fidelity did not say how many of its investors were surveyed.
Many financial advisors say that mentorship was key to their early success. Here's how advisors found and built those relationships.
LPL CEO Rich Steinmeier said the firm is nearing its goals for retaining Commonwealth Financial Network's assets and advisors, freeing up internal recruiters to bring in advisors from other firms.
Wells Fargo pulls $722M in AUM from Merrill while Osaic adds a $540M team from Primerica (but gets sued); Stifel sells independent unit, and First Clearing names new head.
Voters in 20 states will be asked to weigh in on ballot referendums and measures concerning an estimated total of $3.1 billion in potential tax hikes.
A Financial Planning survey of 250 advisors reveals the top AI features they're still waiting for — from workflow automation to compliance support.
When an analyst asked about Fifth Third's $11 billion deal to buy rival Comerica, CEO Jim Cracchiolo mentioned the seller's Ameriprise "contract and agreements."
