Fidelity Investments saw a 78 percentage increase in managed account sales for workplace retirement plans in 2013.
Fidelity Portfolio Advisory Service at Work, Fidelity's managed account offering for workplace retirement accounts, also saw a 65 percent increase in total eligible assets to $180 billion for all Fidelity Portfolio clients.
The growth underscores the growing demand for professional investment services among workplace savings accounts, such as 401(k) plans, the company said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
