NEW YORK (CNNMoney.com) — When Heidi Sadowsky quit the finance sector, she abandoned a job market on the verge of collapse for one that may be air-tight: nursing.I was never happy in my life in finance, said Sadowsky, 39, a former liaison for institutional investors and money managers at Citibank and Invesco. I always felt [...]
Filing Date: The application was filed on November 2, 2007 and amended and restated on March 14, 2008.
Hearing or Notification of Hearing: An order granting the application will be issued unless the Commission orders a hearing. Interested persons may request a hearing by writing to the Secretary of the Commission and serving Applicants with a [...]
Financial advisors who participate in the 401(k) arena must make a concerted effort to strengthen their relationships with existing plan sponsors, according to a new report from Fidelity Investments. This effort can result in a 40% increase in revenue over 10 years, versus advisors who do not put forth the effort.
Growing a 401(k) Practice From [...]
High-yield, high-risk bonds are off to their worst annual start ever, and the biggest investors say there is no recovery in sight.
Junk bonds have fallen 3.9 percent on average so far this year, losing about $35 billion, according to data from Merrill Lynch indexes. Some funds managed by John Hancock Advisers, OppenheimerFunds and Fidelity Investments [...]
A new Fidelity Investments report assets that advisers with 401(k) plan clients who make it a point to develop and maintain strong relationship can grow their 401(k) practice – and their revenue – by an estimated 40% over 10 years, compared with those who do not.
A Fidelity news release also says plan sponsors are more [...]
The Unitarian Universalist Association, along with other investors, continued to pressure Fidelity Investments to stop investing in companies that do business with the Sudanese government. The group submitted proxy statements to 12 Fidelity mutual funds calling for a screen that would prevent investment in companies that “contribute to genocide.†At the first two annual meetings, [...]
Belinda Aucoin and Kelly Reavis are doing business as a newly [...]
BOSTON (AP) — The Securities and Exchange Commission has accused Fidelity Investments and 13 of its current or former employees of improperly receiving gifts totaling more than $1.6 million.The SEC announced civil charges against Boston-based Fidelity on Wednesday in an order that requires the company to pay an $8 million penalty in the influence-peddling case.Among [...]
This unconventional form of dealmaking offers a new way portfolio managers might find the next stock for your 401(k).”This is a clever way of meeting people,” said Henry De Vismes, a former Citigroup Inc. executive that now runs his own wealth management shop based in New York. “I try to meet about four companies a [...]
(Money Magazine) — At first glance, Justin and Kim Ritchie seem in perfect financial sync. The couple, who grew up on the same street in Georgia and both went to college in Atlanta, are saving more than half of their combined six-figure income so they can buy a bigger house in their hometown of Bonaire, [...]
