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.
The disturbing nature of the claims and puzzling sequence of events add a fraught layer to what was already going to be a challenging CEO handoff from the founder.
Sixteen advisors argue the megabank owes them more than $270 million over false promises they were made when being recruited.
Social Security is still drifting toward insolvency, according to the program's board of trustees. Here's how to reassure worried retirement savers.
Executives at the Zurich-based bank say $27B in net new assets for the first quarter put the firm well on its way to its wealth management goals.
An M&A deal brings a fourth office location to the ambitious firm launched in 2019 by Jason Ray and Chelsea Ransom-Cooper.
The advisory landscape is shifting as robo advisors are trending out, thanks to AI as the "next big thing" in wealth management. But that doesn't mean AI will make robo advisors obsolete.
