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Fidelity combines clearing and custody units, creates tech division
Fidelity Investments combined its clearing and custody units on Tuesday and created a new technology division. Fidelity Clearing and Custody will be headed by Sanjiv Mirchandani, the president of National Financial. The combined clearing and custody units ended 2014 with $1.5 trillion in assets
Legg Mason snags two top executives from Vanguard for ETF push
Baltimore-based mutual fund manager takes big step toward a popular product.
Fidelity records massive profit, despite fund outflows
Boston mutual fund and brokerage giant increased its earnings by 29% last year despite surging investor redemptions of its mutual funds.
Fidelity's acquisition of eMoney Advisor could be a watershed moment for the advice industry
Independent advisers might look at this deal as a 'canary in the coal mine moment'.
Exclusive: Fidelity to acquire eMoney Advisor in major adviser-tech deal
The Boston fund giant will acquire eMoney Advisor, a top financial-planning software manufacturer, in a move that could resonate as one of its most potent adviser-technology deals to date.
Wealthfront, Edelman clash on robo-advisers
The old guard of wealth management clashed with the new as Ric Edelman delivered a bleak assessment of his peers' future during a spirited debate with Adam Nash, the top executive at Wealthfront.
Schwab adds 18 more funds to its commission-free ETF platform
Schwab's fund platform is expanding to 198 the number of ETFs that trade without commissions.
Fed confidence in the U.S. economy starts to wane
In Thursday's Breakfast with Benjamin, oil prices and consumer spending add a hint of concern about the economy to the Federal Reserve's outlook. Plus: Fido app adds new twist to stock picking, retired Franklin Resources billionaire tangles history, and BlackRock added as many ETFs as it shut down
Service firms race to help advisers create digital platforms
Custodians and rollups are in a mad dash to develop automated ways for advisers to make serving younger or less-wealthy clients profitable.
Retirement plan sponsors want more from advisers
A desire for greater expertise was cited as the primary reason for switching advice providers, says Fidelity survey
Fidelity researchers dive into virtual reality with StockCity
Fidelity researchers dive into virtual reality with StockCity, a wearable technology interface for investors to explore the stock market like it were the streets of Midtown Manhattan.
JPMorgan unwinds B-D clearing biz
Fidelity Investments stands to reap the benefits as JPMorgan Chase & Co. unwinds its legacy Bear Stearns broker-dealer services clearing and custody unit.JPMorgan said it had chosen Fidelity's National Financial Services unit as the “preferred clearing provider” for its broker-dealer customers and
Rival Fidelity shows up uninvited at Schwab Impact
Fidelity takes an opportunity to steal some of Charles Schwab's spotlight during the Impact conference, bombarding attendees with its own marketing assault.
New Fidelity CEO Abigail Johnson wants to be 'accessible to advisers'
Abigail Johnson, successor at the privately owned, family-run company, wants to understand the businesses of her clients, including advisers.
When in doubt, follow the bond market's lead
Breakfast with Benjamin: When in doubt, follow bonds' lead. Plus: Consumer spending to the rescue, Johnson replaces Johnson at Fidelity, and more.