Thursday, June 14, 2007

 

Fidelity Reduces Profit Margin Goals for Adviser Services

Fidelity Investments Chief Executive Officer Edward “Ned” Johnson has told the firm’s adviser services division to reduce its profit margin targets so that the company can use the money to improve its custody platform to boost its market share among advisers, Investment News reports.

Fidelity Reduces Profit Margin Goals for Adviser Services
Source: Financial-Planning.com

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