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Abby Johnson's zero-fee play for millennials gets to $1 billion in one month but Vanguard, BlackRock and Schwab say piffle; Note, RIAs need not apply

The play to out-Vanguard Vanguard gets stony response from competitors but analysts say Fidelity may actually be a quick study in the freemium game

Author James Picerno September 1, 2018 at 6:38 AM
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Fidelity CEO Abby Johnson is opening the doors to millennials with zero-fee mutual funds; will competitors respond?


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Fidelity will hire 4,000 staff in first half -- a staggering number but a tapering off from 'unprecedented' rate in 2021-2022 that catapulted it to 68,000 employees

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