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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...
FIDEILITY'S MONEY-MARKET assets grew to $629 billion as of Oct. 31. / BLOOMBERG NEWS FILE PHOTO/ JB REED

Fidelity widens its lead in cash business by adding $50B

NEW YORK - Fidelity Investments is dominating a business that is thriving even as stocks and bonds struggle. Fidelity’s money-market assets grew to $629 billion as...
WISE INVESTMENT: Michael R. Melton, pictured with students, is a finance professor and director of the Center for Advanced Financial Education at Roger Williams University in Bristol. He said investing in a company that manages its affairs in a socially and environmentally “sustainable” way is good for both the company and its investors over the long term.
 / PBN PHOTO/DAVE HANSEN

Socially responsible investing gaining in popularity, especially among millennials

Some pundits say socially responsible investing is, for lack of a better term, horse pucky. If that’s true, there’s a lot of money in...
FIDELITY INVESTMENTS has increased the number of women promoted in the company's stock picking segment following allegations of sexual harassment. / BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity promotes more women in wake of misconduct allegations

NEW YORK - Fidelity Investments Inc. has stepped up promotions of women in its stock-picking group, which was hit last year with sexual harassment...

Fidelity survey finds millennials don’t just live for today

PROVIDENCE – A new survey from Fidelity Investments found that millennials – those born from 1981 to 1996 – are seeking balance when it...
FIDELITY INVESTMENTS has launched a new business to manage digital assets for hedge funds, family offices and trading firms. / BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity starts crypto business to serve Wall Street clients

NEW YORK - Fidelity Investments is jumping into the emerging cryptocurrency arena with a new business to manage digital assets for hedge funds, family offices...
FIDELITY INVESTMENTS CEO Abigail Johnson said the company offered its four zero-expense index funds to attract new customers. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fidelity CEO says no-fee lineup is aimed at new customers

NEW YORK - Fidelity Investments CEO Abigail Johnson said the firm’s decision to launch a series of no-fee mutual funds had a simple rationale: bring...
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