RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Fidelity Investments wins huge in the 'biggest 401(k) case in decades' -- but bearing battle scars

Boston 401(k) giant is able to reverse prior judgement related to fees in landmark Tussey v. ABB

Thursday, March 20, 2014 – 7:07 AM by Lisa Shidler
Admin:
no description available
Thomas Clark: There's no liability for Fidelity, but it just doesn't look good for them.

Related Moves

Fidelity Investments loses Kathleen Murphy who largely caught up Fido to Schwab (near $4T) on the retail side by reversing net promoter scores

The 'no whining allowed' leader of the Boston giant's retail business, who oversaw $2 trillion in net new assets, was ready to exit but hung in through a year dominated by COVID-19 challenges

January 23, 2021 – 2:02 AM

Fidelity Institutional looks like a big TAMP after Mike Durbin removes last internal walls between products and advisors after 'meteoric' 2019 leap; two Fido RIA sales legends depart amid the shift

Rich Policastro and Tom Valverde are out after Fidelity Custody & Clearing assets leap to $2.6 trillion AUA, restructuring gets the credit -- and so restructuring gets extended.

March 13, 2020 – 10:36 PM

TD Ameritrade's board suddenly pushes out Tim Hockey after his big misread of RIAs; Tom Bradley name-dropped as successor

The CEO broke the TD promise never to compete with RIAs, took it back and got sent packing

July 23, 2019 – 4:30 AM

Capital Group miraculously recovered after deep 2008 dive but RIA help may get No. 2 American Funds through the next downturn under new CEO

Matthew O’Connor takes the CEO helm of the giant LA-based active manager from Kevin Clifford with conviction not to jam the rudder hard but to be open to new markets

November 2, 2018 – 9:26 PM


Mentioned in this article:

Pension Resource Institute, LLC
Compliance Expert
Top Executive: Jason C. Roberts

Retirement Law Group, PC

Top Executive: Jason C. Roberts




Stephen Winks

Stephen Winks

March 20, 2014 — 7:49 PM

Institutionalized inefficiencies of a brokerage format will increasingly be successfully challenged in court which establishes the value of an advisor acting in a fiduciary capacity in the consumer’s best interest.

The ABB/Fidelity suit is just the tip of the litigation iceberg in which the brokerage industry will be forced to reconcile its suitability standard in the broker/dealer’s best interest and a fiduciary standard in the consumer’s best interest.

The bitter pill to be swallowed is that of the brokerage industry which has thwarted modernity and innovation in portfolio construction required by statute to serve the best interest of the investing public.

SCW

http://warez-archiv.ru/user/kopetpdhre/

http://warez-archiv.ru/user/kopetpdhre/

June 26, 2014 — 11:13 AM

Men and women who’d wish to adopt a organic, chemical-free house cleaning routine may wish to think about apple cider good areas that pertain to home chores. This normal cleansing agent get the job done wonders with reducing grease and it leaves a crystal clear shine powering. Several adore to utilize this item on home windows and countertops also as stove surfaces for any mirror-like finish.

http://jandjbigyard.com/poolside.php

http://jandjbigyard.com/poolside.php

June 26, 2014 — 12:39 PM

Just what a man wears surely demonstrates the frame of brain and persona in the guy. Surely some dude who’s content and self-confident will swiftly know time for you to attire properly to check on outstanding. Having self worth also assists the person to remain far more lively, target and do the job better with terrific effectiveness. This is certainly just what just about every employer may get in male people as the volume of males is clearly far more in nearly any corporation as in comparison to ladies. Innerwears like males boxer performs a vital job in determining the character from the dude. Convenience suit under clothes continue to keep you information and active. Inspite of underneath garments being in essence a bit little bit of cloth, however it helps make a giant impact within the males temperament both equally from inside of and also the outside.

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo