Fidelity

Renewed Optimism Spreads Throughout the Cryptocurrency Landscape

Thursday, October 14, 2021 - 2:00pm

"BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.

Key Points: 
  • "BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.
  • Blockchain technology is primarily known for one application today: cryptocurrency."
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • Headquartered inSydney,Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

Renewed Optimism Spreads Throughout the Cryptocurrency Landscape

Thursday, October 14, 2021 - 2:00pm

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Bitcoin's recent rally has brough optimism back to the market. According to Fidelity Director of Global/Macro, Jurrien Timmer, the ongoing rally in Bitcoin could continue towards new record heights over the next two years, Markets Insider reported. Based on his proprietary supply-and-demand model, Timmer sees Bitcoin reaching USD 100,000 by 2023 as momentum traders begin to buy into the recent rally. "This rally has come with little fanfare and doesn't seem driven by momentum chasers. The percentage of coins held by short-term 'tourists' is down to just 15%. This tells me there could be room to run if momentum chasers pile in," Timmer said. ISW Holdings Inc. (OTC: ISWH), Bitfarms Ltd. (NASDAQ: BITF), Bit Digital, Inc. (NASDAQ: BTBT), Canaan Inc. (NASDAQ: CAN), Marathon Digital Holdings, Inc. (NASDAQ: MARA)

Key Points: 
  • "BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.
  • Blockchain technology is primarily known for one application today: cryptocurrency."
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • Headquartered inSydney,Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

CAIS Collaborates With the Milken Institute to Deliver Educational Content to the Wealth Management Industry

Thursday, October 14, 2021 - 8:23pm

The best minds in wealth management will address the most urgent challenges the industry faces and the most exciting opportunities to drive the wealth management community forward through education, innovation, and transparency.

Key Points: 
  • The best minds in wealth management will address the most urgent challenges the industry faces and the most exciting opportunities to drive the wealth management community forward through education, innovation, and transparency.
  • We are excited that the Milken Institute continues to focus attention on the wealth management community, which we believe validates the critical role the industry plays in the worlds economic, social, and political environment, said Matt Brown, Founder and CEO of CAIS.
  • CAIS will livestream select panels from the Global Milken Conference through its CAIS IQ Center.
  • As part of this collaboration to focus on the wealth management industry, select leaders within the financial advisor and independent wealth management community will be invited by CAIS to receive complimentary passes to attend the Milken Institute Global Conference.

Fidelity Research Finds Only Half of U.S. Institutional Investors Say They Are Confident They Will Achieve Target Returns Over the Next Three Years

Tuesday, October 12, 2021 - 1:53pm

For almost 20 years, Fidelity has been conducting primary research to understand decision-making among institutional investors, and this new research aims to help U.S. institutional investors benchmark portfolio and organizational performance against their peers.

Key Points: 
  • For almost 20 years, Fidelity has been conducting primary research to understand decision-making among institutional investors, and this new research aims to help U.S. institutional investors benchmark portfolio and organizational performance against their peers.
  • The majority of institutional investors in the study placed themselves in the middle as either Early Majority (33%) or Late Majority (31%).
  • Innovators/Early Adopters said they had a slightly higher actual rate of return in 2020 than Laggards (13.1% vs. 12.3%).
  • Fidelity surveyed 500 institutional investors in the U.S. involved in their organizations decision-making processes and conducted interviews with 11 respondents.

Edelman Financial Engines Appoints Peter deSilva to Its Board of Directors

Tuesday, October 12, 2021 - 2:00pm

Edelman Financial Engines, Americas top independent financial planning and investment advisor, announced today the appointment of Peter deSilva to its board of directors.

Key Points: 
  • Edelman Financial Engines, Americas top independent financial planning and investment advisor, announced today the appointment of Peter deSilva to its board of directors.
  • We are delighted to welcome Peter to our board of directors, said Larry Raffone, president and CEO of Edelman Financial Engines.
  • I have long admired Edelman Financial Engines and their mission to provide the highest quality financial advice to the many, always putting clients interests first, said Mr. deSilva.
  • Edelman Financial Engines is a registered trademark of Edelman Financial Engines, LLC.

NTT DATA Announces First Implementation of Global Insurance Digital Platform for F&G

Tuesday, October 12, 2021 - 3:05pm

We are proud to be partnering with Verisks FAST Technology to support F&G, said Rob Baughman, Senior Vice President, Financial Services and Insurance, NTT DATA Services.

Key Points: 
  • We are proud to be partnering with Verisks FAST Technology to support F&G, said Rob Baughman, Senior Vice President, Financial Services and Insurance, NTT DATA Services.
  • NTT DATAs Global Insurance Digital Platform (GIDP) enables insurers such as F&G to increase efficiency, rapidly develop new products, convert existing blocks of business, and digitize the customer experience through its digital TPA and business processing as a service (BPaaS) offering.
  • Theres enormous potential in our collaboration with NTT DATA to support the changing needs of modern insurers, offering a digital servicing platform to address currently sold products, even top sellers.
  • NTT DATA is a leading IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries.

Fidelity® Grows Thematic Fund Lineup With Launch of Four New ETFs

Thursday, October 7, 2021 - 1:53pm

Fidelity Investments today announced the launch of four new thematic exchange-traded funds (ETFs) -- Fidelity Clean Energy ETF ( FRNW ), Fidelity Cloud Computing ETF ( FCLD ), Fidelity Digital Health ETF ( FDHT ), and Fidelity Electric Vehicles and Future Transportation ETF ( FDRV ).

Key Points: 
  • Fidelity Investments today announced the launch of four new thematic exchange-traded funds (ETFs) -- Fidelity Clean Energy ETF ( FRNW ), Fidelity Cloud Computing ETF ( FCLD ), Fidelity Digital Health ETF ( FDHT ), and Fidelity Electric Vehicles and Future Transportation ETF ( FDRV ).
  • We continue to look for ways to leverage our investment expertise and investor insights to offer a wide array of innovative ETFs.
  • Fidelity is an industry leader in thematic investing , now offering 33 mutual funds and ETFs that cover a range of thematic categories, including, megatrends, sustainability , outcome-oriented, differentiated insights and disruption .
  • Free commission offer applies to online purchases of Fidelity ETFs in a Fidelity retail account.

Titan Named to the 2021 CB Insights Fintech 250 List of Top Fintech Startups

Wednesday, October 6, 2021 - 5:00pm

CB Insights today named Titan to the fourth annual Fintech 250 , a prestigious list of emerging private companies working on groundbreaking financial technology.

Key Points: 
  • CB Insights today named Titan to the fourth annual Fintech 250 , a prestigious list of emerging private companies working on groundbreaking financial technology.
  • This years list was unveiled on stage at CB Insights Future of Fintech conference in New York City.
  • After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired.
  • "Being named to the CB Insights Fintech 250 List is a testament to the hard work and forward thinking of the Titan team to reimagine the investment management and fintech ecosystem, said Clay Gardner, Co-CEO & Co-Founder, Titan.

Baltimore Nonprofits Are Eligible For Free Capacity Building Support Through Catchafire.org

Wednesday, October 6, 2021 - 2:00pm

Catchafire's newest initiative, called Catchafire Baltimore, will provide Baltimore nonprofits with free access to its virtual platform and programming for one year tapping into a network of more than 100,000 skilled volunteers who will help pro bono with capacity building projects.

Key Points: 
  • Catchafire's newest initiative, called Catchafire Baltimore, will provide Baltimore nonprofits with free access to its virtual platform and programming for one year tapping into a network of more than 100,000 skilled volunteers who will help pro bono with capacity building projects.
  • Baltimore nonprofits have experienced historic marginalization and economic disparities, and with tangible resources, provided through Catchafire, these nonprofits can respond and recover in the short term, and build resilience in the long term.
  • Catchafire imagines a new normal where all nonprofits, especially those that are smaller or BIPOC led or serving, can get access to operational support for free year after year.
  • Catchafire and its foundation partners are not only helping nonprofits improve their capacity, sustainability, and effectiveness, but also leveling the playing field by making capacity building available to any nonprofit or changemaker.

Fidelity Charitable® Appoints Jacob Pruitt as President

Tuesday, October 5, 2021 - 4:04pm

Fidelity Charitable , an independent public charity and the largest grantmaker in the country, today announced the appointment of Jacob Pruitt as president, succeeding Pamela Norley, effective October 18, 2021.

Key Points: 
  • Fidelity Charitable , an independent public charity and the largest grantmaker in the country, today announced the appointment of Jacob Pruitt as president, succeeding Pamela Norley, effective October 18, 2021.
  • Prior to joining Fidelity Charitable, Pruitt was vice president and head of T. Rowe Price Charitable, leading the firms charitable giving strategy and donor-advised fund program.
  • Jacob will help Fidelity Charitable advance its work to drive increased impact for the sector.
  • Fidelity Charitable is an independent public charity that has helped donors support more than 328,000 nonprofit organizations with over $51 billion in grants.