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, [...]
Vanguard Battles Barclays Over `Derivatives for the Masses
By Ryan J. Donmoyer
Feb. 14 (Bloomberg) — Barclays Plc introduced a new
product that put a scare into Vanguard Group Inc. and the rest
of the $13 trillion U.S. mutual-fund industry. Now Congress and
the [...]
Feb. 7 (Bloomberg) — Harry Lange, manager of the
$45 billion Fidelity Magellan Fund, sold financial and technology
stocks in December and bought health-care and energy companies as
a slowing U.S. economy threatened corporate earnings.
[...]
Fees on 401(k)s Rock Boomers Facing Flawed Disclosure (Update2)
By Darrell Preston and Gary Matsumoto
Jan. 29 (Bloomberg) — For the 12 years Jerry Schneider has
invested in the 401(k) retirement plan offered by his employer,
Portland, Oregon-based engineering firm Elcon Associates Inc.,
he [...]
