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Tuesday, September 29, 2020
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FIDELITY INVESTMENTS introduced five new low-cost index mutual funds, a move signaling an escalation of a price war with Vanguard Group. / BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity steps up Vanguard fee war with low-cost index funds

BOSTON – Fidelity Investments is stepping up its rivalry with Vanguard Group by launching five new index mutual funds with expense ratios it says...

GA passes bill to streamline regulations for blockchain financial applications

PROVIDENCE – The General Assembly has recently approved legislation that would clarify and streamline regulations for financial transactions using blockchain technology. The bill had not...

United Way partners with Magaziner, legislators on financial literacy campaign

PROVIDENCE – United Way of Rhode Island President and CEO Cortney Nicolato has joined state General Treasurer Seth Magaziner and members of the R.I....
EMONEY ADVISORS will host a ribbon-cutting for its new offices at 100 Westminster St., as the company has hired over 100 employees since it opened in Providence in 2017. / PBN FILE PHOTO/STEPHANIE EWENS

EMoney Advisor to celebrate new Providence office and surpassing hiring benchmark

PROVIDENCE – Since the company came to Providence in 2017, eMoney Advisor LLC has hired 110 employees at its Providence office, surpassing its threshold...

Fidelity: A couple retiring today needs $285K for medical expenses

PROVIDENCE – A 65-year-old couple retiring today can expect to spend $285,000 out of pocket for health care and medical expenses through their retirement,...
THE MASSACHUSETTS Secretary of the Commonwealth said its securities division sent a letter to Fidelity requesting information about fees it charges some mutual funds for using its platform to access retirement plan customers./ BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity faces state inquiry over fees charged for 401(k) plans

NEW YORK - Fidelity Investments Inc. is facing more scrutiny over fees it charges some mutual funds for using its platform to access retirement...

Fidelity Charitable donors recommend $5.2B in grants in 2018

PROVIDENCE – Clients of Fidelity Charitable – Boston-based Fidelity Investments Inc.’s donor-advised fund manager – recommended a record $5.2 billion in grants in 2018,...

Fidelity continues to lead race to zero-fee investment products

PROVIDENCE – Boston-based Fidelity Investments is expanding its commission-free exchange-traded fund, or ETF, platform for individual investors and advisers to include more than 500...
THE NUMBER OF people with over $1 million in their 401(k) accounts declined by more than 28 percent in the fourth quarter, according to data from Fidelity Investments. / BLOOMBERG FILE PHOTO/JB REED

Opinion: 401(k) millionaires club got smaller last year

NEW YORK - Fidelity Investments' quarterly data dump arrived last week, featuring loads of information about its retirement-account holders. It was eye-opening, to say...
NINE BIG BANKS and brokers are attempting to form a new United States stock market called The Members Exchange. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Brokers form new stock market to take on NYSE, Nasdaq, Cboe

NEW YORK - A group of big banks and brokers is forming a new United States stock market, funneling years of frustration about how much...

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