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…

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