Fidelity brokerage customers can now get in on an IPO market that is seeing substantially increased activity over last year.
An agreement with Credit Suisse will extend the investment bank's potential investor base to the millions of retail clients working with RIAs through Fidelity.
Today's announcement comes in light of Fidelity research of 2,500 affluent and high net worth clients. More than half said they were open to investing in IPOs.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
