Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fido Plans Advisor Baskets Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, August 9, 2001

Fido Plans Advisor Baskets

Reported by Sean Hanna, Editor in Chief

Fidelity is not ignoring the advisor in its efforts to build a basket trading service. Officials at the Boston Behemoth confirmed to the MutualFundWire.com that the giant is currently working on a version of the service for providers.

The firm rolled out its basket product for retail investors this week (August 7, 2001). That version allows baskets to be created for accounts with as little as $10,000. However, each trade made in the account is charged a separate transaction fee, which may make the service less viable for the smallest accounts. Individual investors do get added analytical features such as the return across the basket. Advanced analytical features such as standard deviations are not provided.

Meanwhile, Fidelity Institutional Brokerage Group (IBG) is working on a version of baskets for advisors for release "sometime in the future", confirmed a Fidelity spokesperson. An advisor product would put Fidelity in the direct path of Foliofn and UNX. Both of those firms are currently targeting advisors.

Charles Schwab appears to be taking a more conservative approach to its PortfolioSource basket platform which it recently tested with retail investors in the Washington DC region. That pilot project has now ended and Schwab officials "continue to evaluate options for product or services through which we can deliver the most effective advice," said a spokesperson.

Related Stories
  • Fido Finishes Basket Weaving, 08-07-2001
  • E*Trade Weaves Baskets with S&P, 06-05-2001
  • Basket Trader to Reveal New Talents, 03-29-2001
  • Basket Trading Rumors, 02-23-2001
  • Basket Trading Rumble, 02-20-2001
  • Where's the Beef?, 02-16-2001
  • Decisions, Decisions, 01-12-2001
  • FOLIOfn Raises $15 Million, 07-05-2000  

    Stay ahead of the news ... Sign up for our email alerts now
    CLICK HERE

  • 3.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2024: Q2Q1
    2023: Q4Q3Q2Q1
    2022: Q4Q3Q2Q1
    2021: Q4Q3Q2Q1
    2020: Q4Q3Q2Q1
    2019: Q4Q3Q2Q1
    2018: Q4Q3Q2Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly




    ©All rights reserved to InvestmentWires, Inc. 1997-2024
    14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use