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Rating:Fido's B-D Adds 400,000 Accounts in Q1 Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 20, 2005

Fido's B-D Adds 400,000 Accounts in Q1

by: Theresa Sim

Fidelity Brokerage added $13 billion in client assets in the first quarter to $1.143 trillion, from $1.13 trillion at the end of last year, the company announced on Tuesday.

Net new client assets totaled $30.7 billion compared to $52.1 billion in the fourth quarter. The brokerage also signed on 400,000 new clients, to 14.7 million client accounts, or 10.1 million in retail and 4.6 million in institutional. Total client accounts were 14.3 million at the end of December.  

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