Fidelity’s recent launch of two zero-fee index mutual funds highlights the revenue pressures facing traditional investment managers, report states
The two new index mutual funds, part of a suite of changes Fidelity is making to lower expenses, will be available Friday
Management fees for the six funds range from 0.35% to 0.45%.
Will Danoff and Joel Tillinghast to co-manage a new core equity strategy
Financial planners need to have proactive conversations with clients about how taking on work in retirement could affect their income taxes
The equity strategy aims to harness the successes of entrepreneurs
Fidelity Investment Grade Total Bond Fund managed by veteran fixed income portfolio managers Jeff Moore and Michael Plage
Fidelity portfolio manager Mark Schmehl has outperformed consistently
The firm has also named Patrice Quirion as portfolio manager of two mutual funds
The company is also expanding its Fidelity Private Investment Program with the addition of a global balanced portfolio pooled fund designed for risk-conscious investors