#Fidelity Investments

There’s a New Way to Convert Your 401(k) into a Pension-like Stream of Income

Creating reliable streams of retirement income is one of the most important elements of a person’s financial plan. A retirement industry giant says it now has a new way for retirees to meet this vital challenge. Fidelity Investments plans to … Continue reading → The post There’s a New Way to Convert Your 401(k) into a Pension-like Stream of Income appeared first on SmartAsset Blog.
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University of Miami to settle claims by 403(b) plan participants

The University of Miami, Coral Gables, Fla., has agreed to pay $1.85 million to settle claims by participants in the university's 403(b) plan and four other defined contribution plans that the fiduciaries violated ERISA because they paid allegedly excessive fees, failed to remove poor-performing investments and didn't choose lower-cost share classes for the investment menu.
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Bronson Healthcare settles lawsuit over alleged ERISA violations

Bronson Healthcare Group Inc., Kalamazoo, Mich. has agreed to settle a lawsuit filed by two former participants in the health-care provider's 403(b) plan, who alleged ERISA violations in the management of the plan. Representatives of both parties submitted an agreement in principle on Nov. 22 to a U.S. District Court...
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Cork company wins 'Technology Ireland Company of the Year' at prestigious awards

CORK company Global Shares has been named ‘Technology Ireland Company of the Year’ at the 29th annual Technology Ireland Awards. Global Shares manages employee stock plans for some of the world’s biggest companies. The company, headquartered in Clonakilty, has 17 offices worldwide and employs 550 people. It is currently on...

Zelman & Associates Expands Building Products Investment Banking Team With New Senior Banker

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Zelman & Associates, a Walker & Dunlop Company and the leading institutional research and investment banking firm dedicated exclusively to the U.S. housing industry, announced that Graham Rives has joined the company as Managing Director. Mr. Rives will lead the firm's building products investment banking coverage and will work in close collaboration with Tony McGill, Senior Managing Director and Head of Investment Banking at Zelman & Associates.

Fidelity Joins Lifetime Income Focus Frenzy

In a move likely to spur an increase in adoption of lifetime income solutions among retirement plans, Fidelity Investments has unveiled plans to launch a retirement income product. Fidelity has announced Guaranteed Income Direct, a retirement income product that allows individuals to convert a portion of their 401(k) or 403(b)...

3 Best Performing Mutual Funds From the Fidelity Portfolio

Fidelity Investments is considered one of the leaders in the financial services industry with presence in eight countries across North America, Europe, Asia and Australia, and more than 400 research professionals. The company carries out operations in the United States through 12 regional offices and more than 200 Investor Centers.

Wetherspoon boss Tim Martin goes to war on ‘box-ticking’ shareholders

The founder of JD Wetherspoon has launched an extraordinary attack on one of the pub chain’s biggest shareholders, accusing Fidelity of damaging public companies with a “box-ticking” approach to governance while breaking the rules itself. Tim Martin lashed out at the investment giant after it opposed the reappointment of two...

In The Money with Fidelity Investments: QQQ, LYFT, TWTR

Shortly after the open Tuesday, I filmed my weekly In The Money segment with Fidelity Investments. Click below to watch and see my notes below the video:. Macro: Mega-Cap Stocks might be approaching a breaking point, after months of rotations in and out of groups like energy, industrials, financials, and transports based on the whims of interest rate moves, covid concerns, and supply chain disruptions. But through it all, the S&P 500 (SPX) could not be at all-time highs if it was not for the out-performance and continued crowding in the 6 biggest names in the stock market, Apple, Microsoft, Amazon, Alphabet, Facebook, and Tesla. And the $10 trillion question (equal to their combined market caps) is whether or not they can continue to keep the whole ship afloat? Some investors thought Small Caps by way of the Russell 2000 would be a nice place to broaden out, but it did after 9 months of consolidation and quickly failed.