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FIDELITY INVESTMENTS said operating income surged 54 percent in 2017. / BLOOMBERG FILE PHOTO/JB REED

Fidelity’s income rises 54% even as active outflows persist

NEW YORK - Fidelity Investments said operating income surged 54 percent last year even as investors pulled money from its actively-managed stock mutual funds.The...
THE FIDELITY INVESTMENTS biennial retirement-savings study, released last week, shows the typical American saver is on target to have 80 percent of the income they need to cover retirement costs. / COURTESY FIDELITY INVESTMENTS

Report: Americans better at retirement saving, but half not on target

BOSTON – A new report shows Americans are getting better at saving for retirement, but about half are not on target to have enough...
KEVIN RUTH is head of wealth planning and personal trust at Fidelity Investments. / COURTESY FIDELITY INVESTMENTS

Five Questions With: Kevin Ruth

Kevin Ruth is head of wealth planning and personal trust at Fidelity Investments. The company often fields questions from customers wondering how they should...
FIDELITY INVESTMENTS is reminding IRA owners aged 70 1/2 years and older if they don't take a required minimum distribution by Dec. 29, they could be subject to an IRS penalty totaling 50 percent of the amount not taken.

Fidelity: Don’t forget about RMDs

SMITHFIELD – Fidelity Investments is urging individual retirement account owners aged 70 1/2 years and older to start thinking about taking a required minimum...
FIDELITY INVESTMENTS this month released its College Savings IQ survey, showing that while a record-high number of parents may be saving for future college costs, they are underestimating how much money is needed. / COURTESY FIDELITY INVESTMENTS

Study: Parents saving for college, but underestimating costs

BOSTON – A new study shows that parents are saving for future college costs at an all-time high, but there remains a gap when...
FIDELITY INVESTMENTS RECENTLY launched the Student Debt Employer Contribution program, a new program designed to help employers increase recruitment and strengthen retention of employees by offering to help employees pay off student loans quicker. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

New Fidelity program helps employers pay off employees’ student loans

PROVIDENCE – Fidelity Investments last week launched a new program for employers to help employees pay off student loans quicker.The new program, named the...

Healthiest Employees: 5,000+ Employees | 4 | Fidelity Investments | ...

CEO (or equivalent): Abigail P. Johnson, CEO and chairmanNumber of employees: 38,000In much the same way Fidelity Investments works to create positive financial outcomes...

Most-read stories during June 2017, on PBN.com

1. 2017 40 Under Forty winners chosen POSTED ONLINE: June 16 Providence Business News has chosen the winners for its 13th 40 Under Forty program, to...
JOHN MUGGERIDGE has launched his own consulting firm after working more than two decades in the Rhode Island community. / PHOTO COURTESY MUGGVENTURES

Muggeridge to leave Fidelity, launch new firm

PROVIDENCE – John Muggeridge, vice president of Rhode Island public affairs at Fidelity Investments, is leaving the wealth-management company and starting his own consulting...
FIDELITY INVESTMENTS is offering resources to protect elders against financial abuse, which results in the loss of $36.5 billion each year. /COURTESY FIDELITY INVESTMENTS

Fidelity offers resources to help protect elders from financial abuse

BOSTON – Fidelity Investments is offering resources to what it calls a growing problem of financial abuse among elders.The wealth management firm says financial...
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