Fidelity

For much of the 20th century, changes to the financial services industry could be measured in geologic time. This all changed with the rise of fintech, which massively accelerated the rate of growth across financial services and changed everything from the way we invest, to the products we invest...

The price wars are heating up in the online investment space. More than a week after Charles Schwab Corporation (NYSE: SCHW) announced it would eliminate commissions on online trades, Fidelity Investments adopted the same strategy for its 21.8 million accounts. Fidelity will no longer charge its...

Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is Ethic, an asset management platform for sustainability-focused wealth advisors and institutional investors. Background Founded in 2015, Ethic delivers...

Charles Schwab Corporation (NYSE: SCHW) announced it's eliminating stock trading commissions, sending its shares tanking along with the stocks of its competitors. On Tuesday, Schwab said users will no longer pay $4.95 per trade for trading stocks and ETFs on its platform. Option trades will...

As part of its previously announced expansion, Fidelity's commission-free exchange traded funds platform includes ETFs from 11 issuers new to the lineup. What Happened In February, Boston-based Fidelity announced plans to boost the size of its commission-free ETF offering to over 500 funds....

TD Ameritrade Holding Corp. (NASDAQ: AMTD), one the largest discount brokerage firms, said Monday it's upping the number of exchange traded funds it offers to clients on a commission-free basis to 569 from over 300. The move means TD Ameritrade clients will have commission-free access to 569...

In its latest effort to cement its status as a low-cost leader in the exchange traded funds space, Fidelity is making substantial additions to its lineup of ETFs offered to clients on a commission-free basis. What Happened Boston-based Fidelity said Tuesday it's expanding its commission-free...

Charles Schwab Corp. (NYSE: SCHW), one of the largest discount brokers, said Tuesday it's adding nearly 250 exchange traded funds to its Schwab ETF OneSource platform, expanding what was already a sizable slate of ETFs offered sans commissions. What Happened In addition to doubling the size of...

The S&P 500 is down 5 percent year-to-date and 15 percent from its all-time highs, crossing over into correction territory. These stock market dips can be scary for investors, but history shows market corrections are not only extremely common, they're typically relatively short-lived....

The cryptocurrency market finished a solid week on a high note on Friday, with most major currencies trading up on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market this week and which currencies were on the move. Headlines On Monday, Fidelity...

Bitcoin and other cryptocurrency prices soared Monday after Fidelity announced the launch of a new company that could help increase access to digital currencies. What Happened? Fidelity is creating Fidelity Digital Services, a new company that will deal exclusively with cryptocurrency custody and...

Online broker stocks took a hit Tuesday after CNBC reported JPMorgan Chase & Co. (NYSE: JPM) will introduce a new free trading service that will be available to its 47 million online and mobile banking customers starting next week. PreMarket Prep co-host Dennis Dick discussed the...

Video content is picking up steam across the financial industry as online brokerages seek to move away from dreary PDF statements as the medium of choice for reporting results. The reason for the move to video can be captured in a single number: $30 trillion. That's the amount of money set to...

Fidelity, one of the largest providers of index funds and mutual funds, said Wednesday it's introducing two equity-based index funds that will not have expense ratios. The Fidelity ZERO Total Market Index Fund (FZROX) and Fidelity ZERO International Index Fund (FZILX), which are expected to...

The catch-22 for large corporations is that while vast resources are available, size makes it harder to move quickly — and compete with startups.  This is true for every industry, but especially for fintech, where legacy institutions have long held a reputation for innovating slowly. It...