MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, March 28, 2001 Fido Creates New Retirement Unit Fidelity Investments Institutional Services (FIIS) has announced the formation of its newly-integrated Retirement Business Unit. The unit focuses on the small plan market and currently has $48 million in assets under managment, including service to over 4,200 financial institutions. Donald C. Holborn, executive vice president, will be heading the group. A spokesperson from Fidelity said the firm already had four units within FIIS but that they were not consolidated. With the integration, the company hopes to better support advisor clients who work with sponsors. Under the new system, advisors will be working with a newly constructed set of tools for different initiatives. They are: The Retirement Plan Review, which was launched in February and enables advisors to help sponsors create a focused and measurable action plan. The first phase of the Retirement Book of Business, launched in January. The second phase is scheduled for the end of 2001. The book provides advisors with one view of their entire Fidelity retirement plan business, including qualified assets for individual plans and in total. The Advisor Retirement Plan Resume Builder, which helps advisors attract and retain clients by presenting their retirement services in one document. The Request Program, which is the only ongoing process. The tool, which was added in February, allows select institutions to offer Fidelity's amdinistration services to plan sponsors and participants. Fidelity Advisor 403(b), a savings product for employees in the kindergarten through grade 12 market, sold exclusively through advisors. The firm will also be launching an ad campaign for the new unit in April. Printed from: MFWire.com/story.asp?s=26660 Copyright 2001, InvestmentWires, Inc. All Rights Reserved |