News, Vision & Voice for the Advisory Community


How Vanguard lost a $19.4-billion 401(k) account to Fidelity and why it's the exception to the rule -- and isn't

Chevron boots the hyper-fiduciary Malvern, Pa.-based indexing giant in favor of Fidelity after two dismissed lawsuits

Author By Lisa Shidler November 21, 2017 at 12:53 AM
no description available
Mike Alfred: Maybe going through the legal process caused them to make the change.

401(k) Stories

Stephen Winks

Stephen Winks

November 22, 2017 — 7:59 AM
It is all about the discernment of services provided and the value they add and the supercharged competitive business emerging. The delineation of services rendered has never been so competitive. The deeper one goes the better, as financial services (asset/liability study, investment policy, portfolio construction, performance monitor, etc.) required by statute have not been the focus of the financial services business for quite some time. SCW


December 14, 2017 — 4:41 PM
What benefit, if any, is there for a Chevron retiree to move to Fidelity? My Dad is retired from Chevron and is wobbly; not sure if he should rollover funds to Vanguard IRA or stay w ESIP.

Related Moves

July 11, 2019 at 4:26 AM

Mike Alfred scores headhunt coup by hiring brother, Ryan -- and, oh yeah, he raised $6 million

The co-founder and CEO of Digital Assets Data not only got his ace sibling but co-founder Kurt Fenstermacher, ex-Bridgewater, took over as COO changing the trajectory of the startup

April 30, 2019 at 5:25 PM

Christa Carone, an ex-Fidelity and Xerox marketing whiz, steps onto a slippery slope at LPL with a daunting task -- to consolidate a NASCAR size brand portfolio... or not?

With no CMO since August, the chief marketing officer will play catch up for a company still hungry to buy more branded B2B and B2C players.

April 2, 2024 at 1:28 AM

Tim Buckley sends shockwaves by retiring as Vanguard CEO after adding $750 billion per year during his stay in the executive suite

The 54 year-old lasted just over six years in the job, delivered on targets, but he also made head-scratching decisions and never solved its technology woes

March 1, 2024 at 3:35 AM

See more related moves

Mentioned in this article:

Financial Engines
401k Plan Consultant

BrightScope, Inc.
Data and ratings for RIAs

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.