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Fidelity slashes some investment fees to nothing in price battle

PROVIDENCE – Boston-based Fidelity Investments announced Wednesday that it is creating new index funds with a zero expense ratio, part of an ongoing price...

Fidelity Investments reports growth of Roth IRA for Kids

PROVIDENCE – Boston-based Fidelity Investments said growth in new accounts and total assets for its Fidelity Roth IRA for Kids has remained “strong” since...
BUILDING A PARTNERSHIP: Gov. Gina M. Raimondo announced the creation of a postsecondary job-training program to be based in Woonsocket, with Larry J. Merlo-led CVS Health as one of the industry partners. 
 / PBN FILE PHOTO/MICHAEL SALERNO; COURTESY CVS HEALTH

New Woonsocket training center grand idea but needs more detail

Building on the success of the Westerly Education Center, which through industry partnerships (and funding) has helped train more than 1,000 postsecondary students for...
RESPONDING RESPONSIBLY: 
A.B. Stoddard, associate editor of RealClear Politics, will be the keynote speaker for a June 29 conference at Bryant University’s Hassenfeld Institute for Public Leadership, offering public officials and policymakers ideas on how to respond responsibly to state rankings. / COURTESY BRYANT UNIVERSITY

Editor’s Choice: Art of the Real Deal

EDITOR’S CHOICE Art of the Real Deal BRYANT UNIVERSITY’S Hassenfeld Institute for Public Leadership will host a conference offering public officials and policymakers ideas...
FIDELITY INVESTMENTS INC. is trimming fees on the target-date index funds it sells to retirement plans. / BLOOMBERG FILE PHOTO/JB REED

Fidelity cuts fees on target-date funds as competition heats up

NEW YORK - Fidelity Investments Inc., which has been cutting prices to compete with low-cost rivals such as Vanguard Group and Charles Schwab Corp., is...

Most-read stories on PBN.com, May 2018

1. PBN names 2018 Best Places To Work honorees. POSTED ONLINE: MAY 4. Providence Business News has announced the awardees of its 2018 edition...
FIDELITY INVESTMENTS has been said to have fired about 200 employees who were accused of abusing company benefits. / BLOOMBERG FILE PHOTO/ JB REED

Fidelity is said to fire about 200 workers for abusing benefit

NEW YORK - Fidelity Investments has fired about 200 employees who were accused of abusing company benefits, according to a person familiar with the matter. Fidelity...
ADAPTING INDUSTRY: As consumer expectations for online banking grow with advancing technology, banks and credit unions must find ways to adapt to those expectations while keeping costs down.

As technology becomes increasingly intertwined with banking, it presents opportunity and...

When Lisa G. Dandeneau first joined Navigant Credit Union more than 22 years ago, one of her first tasks was to help launch online...
FIDELITY INVESTMENTS is changing the way it charges wealth management customers for advice. / BLOOMBERG FILE PHOTO/JB REED

Fidelity is changing the way it charges for financial advice

NEW YORK - Fidelity Investments is changing the way it charges wealth management customers for advice, based on the amount they have invested with...
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...

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