Fidelity implements new policy for retirement, brokerage accounts

FIDELITY INVESTMENTS is continuing its campaign to gain customers through unconventional offerings, establishing a new policy for the way it handles retirement and brokerage accounts. / BLOOMBERG NEWS FILE PHOTO/JB REED
PROVIDENCE – In a bid to gain new business, Fidelity Investments said it is “challenging conventional industry practices” by automatically directing customers’ cash into higher-yielding options for brokerage and retirement accounts without any minimum requirements. The Boston-based investments giant, with Rhode Island offices in Smithfield and Providence, said its new approach is contrary to typical…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display