Fidelity

Medalist Partners MBS Total Return Fund Wins 2024 LSEG Lipper Fund Award

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Data Analytics, Other Professional Services, Finance, Asset Management, Consulting, Growth, Environment, Risk, Fidelity, Investment, Cryptocurrency

Medalist Partners, an investment management firm that specializes in structured credit and asset-based private credit, has been recognized for strong, risk-adjusted performance with a 2024 Refinitiv Lipper Fund Award.

Key Points: 
  • Medalist Partners, an investment management firm that specializes in structured credit and asset-based private credit, has been recognized for strong, risk-adjusted performance with a 2024 Refinitiv Lipper Fund Award.
  • The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
  • Medalist Partners MBS Total Return Fund (SEMMX) won the award for the three-year period in the U.S. Mortgage Fund Category, following its outperformance of 123 fund share classes and 37 portfolios in the category.
  • The fund aims to provide individual investors with access to a niche segment of the structured credit market typically limited to institutional investors.

Fidelity Investments® Research: Retirement Transforming as 2-In-3 Americans Live More Intentionally Post-Pandemic

Retrieved on: 
Tuesday, March 12, 2024
Men, Professional Services, Consumer, Baby Boomers, Asset Management, Other Professional Services, Generation Z, Women, Human Resources, Generation X, Seniors, Millennials, Finance, Baby boomers, Social Security, Tax, Head, Travel, History, News, Hope, Pleasure, Fidelity, Woman, Male, Social, Concern, Road, Fidelity Investments, Workforce, Dream, Physical fitness, Investment, Multimedia, Medicare, Gen, Legislation, Financial adviser

Across generations, two-thirds look forward to pursuing work for pleasure while in retirement and hope for a phased retirement – working full-time at first, then part-time, before stopping altogether.

Key Points: 
  • Across generations, two-thirds look forward to pursuing work for pleasure while in retirement and hope for a phased retirement – working full-time at first, then part-time, before stopping altogether.
  • “Americans are approaching their ‘golden years’ with more intention and opportunity than ever before,” said Rita Assaf, vice president of Retirement Products at Fidelity Investments.
  • Fidelity also created the Fidelity Retirement Score℠ , which provides a rough estimate of how much people may need in retirement and suggests ways to help improve their score.
  • Plus, for those with Fidelity workplace retirement accounts, there is access to one-on-one appointments, phone consultations and workshops through their employers.

Savvy Advisors Adds Three New Principal Wealth Managers as Advisory Team Grows to 15

Retrieved on: 
Tuesday, March 12, 2024
Technology, Personal Finance, Finance, Consulting, Fintech, Professional Services, Software, Asset Management, Artificial Intelligence, Arvest Bank, Organization, Partnership, Merrill (company), Wiegmann, Insurance, RIA, Fidelity, Investment, Retirement, Marketing, Financial adviser

Savvy Advisors Inc. (“Savvy” or “Savvy Advisors”), a federally registered investment advisor (RIA) affiliated with Savvy Wealth Inc ., today announced the addition of three new wealth managers.

Key Points: 
  • Savvy Advisors Inc. (“Savvy” or “Savvy Advisors”), a federally registered investment advisor (RIA) affiliated with Savvy Wealth Inc ., today announced the addition of three new wealth managers.
  • This latest expansion brings the firm's total to 15 wealth managers, all focused on serving its high-net-worth client base.
  • “Onboarding top financial advisors is just as important as product innovation,” added Ritik Malhotra , co-founder and CEO of Savvy Wealth.
  • As Savvy Wealth continues to roll out new innovations, Savvy’s wealth managers can leverage solutions that are intentionally built to help supercharge organic growth.

New Study of 480,000 Students Using myON Highlights Notable Increases in Reading Growth

Retrieved on: 
Wednesday, April 3, 2024
Education, Student, Growth, Educational research, Fidelity, Literacy, Myon, Tutoring

BLOOMINGTON, Minn., April 3, 2024 /PRNewswire/ -- Renaissance, a leader in pre-K–12 education technology, recently released a research study demonstrating that students' use of the myON digital reading platform is associated with higher levels of reading growth. The new study, which involves more than 480,000 US students in grades K–12, also shows that struggling readers in the early grades who use myON with fidelity can make up to two years' worth of additional growth in a single academic year.

Key Points: 
  • Using data from the 2022‒2023 school year, the study compares the reading growth of 486,471 students who used myON to the growth of 1,533,498 students in the same districts who did not use the myON platform.
  • Thirty-four percent (34%) of struggling readers in grades K–5 who used myON with fidelity gained an additional half year of reading growth, 16% achieved at least one year of extra growth, and a smaller subset of these students attained an additional 2 years of reading growth.
  • Students who utilize myON's natural-voice audio narration—which models fluent reading—experienced greater growth than students who did not use myON.
  • Each title includes natural-voice audio narration, and students can also use myON to record themselves reading books aloud, to monitor their reading fluency and showcase reading progress.

Unisys Transfers Approximately $200 Million of its U.S. Defined Benefit Pension Obligations to F&G Through the Purchase of Group Annuity Contracts

Retrieved on: 
Monday, April 1, 2024
Insurance, F&G, UIS, Fidelity, BLUE

BLUE BELL, Pa., April 1, 2024 /PRNewswire/ -- Unisys (NYSE: UIS) today announced it closed agreements with F&G Annuities & Life, Inc. ("F&G") on March 28th to purchase group annuity contracts totaling almost $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. qualified pension plans to F&G.

Key Points: 
  • Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. qualified pension plans to F&G.
  • There will be no changes to the gross amount, timing, or form of the monthly pension benefit payments.
  • Unisys anticipates this action will result in a first quarter one-time, non-cash, pre-tax settlement charge of approximately $129 million.
  • Since the purchase will be made by the pension trust, there will be no impact on the company's cash position.

Stratos Wealth Advisors Welcomes $500 Million Reno Tahoe Wealth Management from RBC

Retrieved on: 
Monday, April 1, 2024
Stratos, Growth, Royal Bank of Canada, Practice management, Financial adviser, Eye, Fidelity, Fidelity Investments, Investment, Management

BEACHWOOD, Ohio, April 1, 2024 /PRNewswire/ -- Stratos Wealth Advisors (Stratos), a part of Stratos Wealth Holdings announced it has successfully recruited a senior team of wealth managers from RBC Wealth Management who will establish the firm's first Northern Nevada office. The team will use Fidelity as its primary custodian. Working with Fidelity Investments provides the team with access to a wide range of products and services that can help serve the needs of their clients.

Key Points: 
  • BEACHWOOD, Ohio, April 1, 2024 /PRNewswire/ -- Stratos Wealth Advisors (Stratos), a part of Stratos Wealth Holdings announced it has successfully recruited a senior team of wealth managers from RBC Wealth Management who will establish the firm's first Northern Nevada office.
  • Peter Bessette, Dan Roberts, Carla Bessette, Erich Brenner, Sonni Schafer and Drew Bessette have created Reno Tahoe Wealth Management, a team that manages approximately $500 million in total client assets.
  • Peter was previously the branch manager for RBC Wealth Management in Reno.
  • "Peter's reputation as a firm leader positions Reno Tahoe Wealth Management for growth in the Northern Nevada region.

Casa Debuts Self-Custody Inheritance Product for BTC, ETH, USDT, and USDC

Retrieved on: 
Wednesday, March 27, 2024
Bitcoin, Failure, Standard, Loss, Fraud, USDT, Fidelity, Head, Family, Accident, ETH, Inheritance, BlackRock, ETF, BTC, USDC, Cryptocurrency

In one notable example, a family struggled to recover nearly $200 million in assets when a crypto investor died unexpectedly.

Key Points: 
  • In one notable example, a family struggled to recover nearly $200 million in assets when a crypto investor died unexpectedly.
  • Executing an inheritance is already stressful and has historically been even more stressful when crypto assets are included in the estate.
  • Today, the company unveiled Casa Inheritance, which allows members on its latest membership plans to grant secure, conditional vault access to a "Recipient" of their choice.
  • Casa is the simplest, most secure way for investors to truly own their bitcoin, and our new Inheritance product ensures they can do so safely for generations to come."

Verby™ Launches AI-Powered Coach to Revolutionize Personal Development and Relationship Building

Retrieved on: 
Tuesday, March 26, 2024
Culture, Communication, Empathy, Tech, Mac, Interview, Humour, Student, Fidelity, CAT, Imagination, TSA PreCheck, IOS, TSA, Android, Management

WESTBOROUGH, Mass., March 26, 2024 /PRNewswire/ -- Verby, an innovative AI coach that helps users develop crucial life skills to improve their relationships and achieve their goals, launched today. Created by tech entrepreneur Saro Saravanan, Verby provides personalized, real-time feedback and guidance to enhance users' conversational and interpersonal abilities.

Key Points: 
  • Created by tech entrepreneur Saro Saravanan, Verby provides personalized, real-time feedback and guidance to enhance users' conversational and interpersonal abilities.
  • Verby is a dedicated personal development and communication coach for various scenarios, from job interviews to leadership skills and family harmony.
  • "Relationships are built on conversations, and pivotal exchanges can profoundly impact the course of your life," said Saro Saravanan, Founder of Verby.
  • To learn more about how Verby can help you and your team improve interactions and outcomes or to install the app, visit https://getverby.com .

Fast Forward Unveils Its Largest-Ever Startup Accelerator Cohort, Supported by Leading Funders

Retrieved on: 
Tuesday, March 26, 2024
Online, Fast forward, Health, Democracy, Climate change, Organization, Google.org, Farmer, ServiceNow, Entrepreneurship, Salesforce, SAN, Climate, BlackRock, APN, Bloomberg, Student, Fidelity, Newsroom, Investigative Journalism Foundation, Health education, Dell Technologies, Database, Curriculum, Pinterest, Startup accelerator, Tutoring

SAN FRANCISCO, March 26, 2024 /PRNewswire-PRWeb/ -- Fast Forward, which brings the tech and nonprofit communities together to deploy tech to solve humanity's biggest challenges, today announced the launch of its 11th annual Startup Accelerator. The 2024 Startup Accelerator cohort is the largest one to date, featuring twelve tech nonprofits.

Key Points: 
  • The 2024 Startup Accelerator saw its most diverse pool of applicants, with a 6x increase in AI-powered nonprofit (APN) solutions.
  • During the program, Fast Forward will equip the selected cohort with seed funding, a tailored curriculum, mentorship, and technical support.
  • Since 2014, Fast Forward has seen its portfolio of 90 tech nonprofits collectively impact over 186M lives and secure $753M in follow-on funding.
  • Fast Forward is set to showcase these solutions in the upcoming months via its Demo Days.

Vanguard Unseats BlackRock's Top Spot in Broadridge's 2024 Best-Performing Fund Brand Ranking in the U.S.

Retrieved on: 
Tuesday, March 26, 2024
JPMorgan Chase, Stasis, AIB (NI), Fidelity, Vanguard, Marketing, Research, BlackRock, Blackstone Inc., ETF, Communication, Financial services

NEW YORK, March 26, 2024 /PRNewswire/ -- The latest edition of Broadridge's Fund Brand 50 (FB50), an annual research study by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) was released today, highlighting the world's best-performing third-party asset management brands. U.S. fund selectors prize solidity and client service as the domestic giants jostle for position and strengthen their hold on the asset management industry.

Key Points: 
  • While no-one new breaches the top five, the major firms jostle for position, with Vanguard usurping BlackRock's position atop the ranking.
  • Vanguard was able to maintain first place in the three highest-ranked brand attributes and duked it out with BlackRock across the entire brand spectrum.
  • In fact, the two firms split first place in eight of the 10 categories, with Vanguard winning by points total.
  • French firm Natixis IM remains the highest-ranked non-US brand but fell from 22nd place to 32nd.