The stock-pickers are shining again at Fidelity Investments.
The coronavirus-induced meltdown is uncharted territory, even for advisors who weathered past cataclysms.
Schwab attributed the issues to higher than usual volumes.
Higher savings rates and market appreciation have boosted retirement accounts, Fidelity says.
Nancy Prior, 52, will depart later this year and the firm will name a successor, Fidelity said.
Boomers have ridden a 10-year bull market into retirement, upping bets and exposing themselves to risk, Fidelity says.
Fidelity is crashing the free-trading party, and also offering higher yields for cash balances.
Fidelity is reducing fees applied to the 529 college savings plans it administers.
The debacle has contributed to the lackluster performance of the world’s largest college endowment.
Litigation finance has made inroads with law firms and litigants around the world.
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