Active Extension Strategies Gaining Interest From Plan Sponsors

Active extension strategies, which are relatively new to institutional investors, are already in use or are under consideration by more than half of public defined contribution plans and one-third of corporate plans, based on responses to a new research study. The research was sponsored by RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., (NYSE: [...]

Boston’s Fidelity expands local financial adviser units

Fidelity Investments is increasing its retail presence in the Twin Cities to land more individual accounts.
That pits the firm known mostly for its 401(k) accounts directly against financial advisers such as Ameriprise and Thrivent and others.
The Boston-based company has operated a retail office in the metro area since the mid-1980s, but [...]