Posted by admin on June 20th, 2008
Peter Lynch, the famed investor and vice chairman of Fidelity Investments, often advised to “invest in what you know.”
Maybe that’s why Francis Koenig thinks Wall Street is ready to come around to putting big money into the adult-entertainment business.
Koenig is chief executive officer and founder of AdultVest Inc., “the world’s first and only investment community [...]
Posted by admin on June 20th, 2008
New England Patriots offensive lineman Matt Light and about 20 other star athletes loaned more than $8 million to a California real estate company that teamed up with Fidelity Investments and Citigroup Inc. to invest in apartment complexes before collapsing and filing for bankruptcy protection.
Light, Toronto Blue Jays ace Roy Halladay and Los Angeles Angels [...]
Posted by admin on June 20th, 2008
Pyramis Global Advisors, the institutional unit of Fidelity Investments, said on Thursday it has hired Kevin Uebelein as president and chief executive officer.
Uebelein joins Pyramis from Prudential Financial (PRU.N: Quote, Profile, Research), where he was chief investment officer for all its international businesses for the past seven years, Pyramis said in a statement. At Pyramis [...]
Posted by admin on April 25th, 2008
A growing number of 401(k) plan executives are demanding to know how much in excess revenue is generated by their plans and how they can get their hands on that money to cut costs and enhance services to participants.
Among those that have gone through the process: Akzo Nobel in Chicago, with $1.6 billion in plan [...]
Posted by admin on April 11th, 2008
The Financial Planning Association and Fidelity Investments are offering independent financial advisers an opportunity to take part in the FPA practice-management score-card-benchmarking program at no cost.
The FPA Practice Management Scorecard , which helps financial planners establish financial goals and evaluate their progress, allows a planner or financial adviser to compare their business to similar businesses [...]
Posted by admin on April 11th, 2008
Jerry Sullivan, award-winning fund manager at American Century Investments, has made the most of an investment tip he got as an analyst at Fidelity Investments from famous investor Peter Lynch in the 1980s.
“On a sheet of rules for investing that he handed out, the first rule on when a stock was ripe to buy was [...]
Posted by admin on March 30th, 2008
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 [...]
Posted by admin on March 26th, 2008
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 [...]
Posted by admin on March 26th, 2008
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 [...]
Posted by admin on March 26th, 2008
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 [...]
