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Fidelity teams with Goldman Sachs as part of big push into alternative investments on behalf of RIAs

The Boston giant's resolute move is a 'blue-ocean' strategy that may give it an edge with advisors looking for a one-stop, one-statement approach to AI management

Author Lisa Shidler November 1, 2013 at 4:50 PM
Admin:
no description available
Gary Gallagher: By no means do we consider this watered-down alternatives in any way. We think it's the most comprehensive of all of the custodians in business today.

Fiduciary Advisor Advocate

Fiduciary Advisor Advocate

November 16, 2013 — 1:39 AM

Unbelievable- my entire view of Fidelity went right down the pooper. Understand that custodians are essentially utilities but really what kind of due diligence was done on…CAIS? Just me I guess but I would avoid investing in with anyone involved in something like that. Seriously Gary- this must be a mistake. Let’s hope your clients don’t have the same experience as FG’s client had.


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April 2, 2024 at 1:28 AM

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Joanna Rotenberg is departing Fidelity Investments after only two years, writing that she traveled 20,000 miles and successfully split her retail division into wealth and brokerage units

At her hire, analysts were adamant the head of Fidelity retail had 'big shoes to fill' to replace legendary Kathleen Murphy and her task of 'digitiizing' retail was no small ask

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Biz Briefs: The sorry scene at my local First Republic branch • Schwab launches new (smaller) lay-off round • Schwab hoovers pennies passing FINRA fee to clients • Gensler pleas for funds • Fidelity owner's private equity pres. retires • an Orion-Envestnet staff switcheroo • LPL dumps FutureAdvisor

Range Rovers screeched in and drivers joined a grim queue to get their cash, and cookie • The Schwab-TDA deal cull count now stands at roughly 3.5% of its staff • FMR's hockey star president has stepped down • SEC chief wants more enforcers • An Envestnet executive proves joining a rival is good business • LPL now has an in-house robot.

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Top Executive: Joe Mansueto



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