BOSTON - Fidelity Investments Vice Chairman and COO Robert L. Reynolds has the Midas touch when it comes to the firm's 401(k) business, but can the No. 2 man at the country's No. 1 fund firm duplicate his success?
The fund giant, which is stumbling like the rest of the industry, is attempting to diversify its businesses and explode its international asset base to equal the size of its state-side asset anchor. In an exclusive interview with Money Management Executive, Reynolds spoke about Fidelity's planned expansion, how the firm intends to capture the $11 trillion in Baby Boomer retirement wealth and why regulators are "unfairly" targeting the mutual fund industry.