Two high-level fund managers at
Timothy Krochuk, who managed the Fidelity TechnoQuant Growth Fund and the Fidelity Advisor TechnoQuant Growth Fund, left the company this month to form the new venture with Gregory Fraser.
The Fidelity spokesperson did not say what the new company would be and Krochuk and Fraser could not be reached.
John Chow, who joined Fidelitys Quantitative Equity Group in 1994, will manage the funds previously managed by Krochuk.
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.
Romantic partners usually agree on their broad retirement goals, a new Ameriprise study shows. But the consensus breaks down over smaller questions.
The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.
