Fidelity Investments

The fund manager will provide investing and savings accounts and debit cards to 13- to 17-year-olds whose parents are clients.

The company has benefited from a market surge, new investors and an uptick in broker breakaways.

The pandemic has ushered in an ultra-remote environment, complete with more video calls, more e-signing and, inevitably, more stress.

The annual full-service investor rankings picked a new winner for 2021 while tracking major generational differences.

The firm hired more than 10,000 employees, boosting total staff to 47,000 associates.

Despite early withdrawals, U.S. employees managed to save more for retirement last year.

The firm hopes the software will help firms tap into growing demand for sustainable investing.

Kathy Murphy played a key role in scaling the company’s retail advice channel.

Potential customers include hedge funds, crypto miners and over-the-counter trading desks

An employee who left in 2018 said she experienced a barrage of racial and sexual antagonism while at the firm, such that “it is not possible to list all of the comments and conduct in one document."

“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.

"We’re not just software,” CEO Ed O’Brien says. “We’re here to help advisors be better planners.”

The additions are expected to include financial advisors and customer service agents, and represent a 15% increase in associates who focus on clients.

The firm’s National Financial Services allegedly failed to deliver certain basic information to clients in five public offerings of shares in a fuel cell technology company.

While most of the issues were resolved by midday, the interruptions sent a shudder across Wall Street.

Fidelity's letter to the Labor Department says the proposal isn't “well grounded or supported by much of the emerging data.”

The passively managed fund will be made available to qualified purchasers through family offices, RIAs and other institutions, a person familiar with the matter says.

The scant personal details that do surface depict a clan allergic to the limelight, scornful of excess and almost comically unpretentious.

The firm is dropping management fees on robo accounts with $10,000 to $50,000, turning to a minimal per-month charge instead.

Wild market swings have given many active managers a rare respite after a decade-long battle against the rise of passive investing.