Fido Retirement Bolsters Its AUM
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Thursday, August 09, 2012

Fido Retirement Bolsters Its AUM

Executives at financial giant Fidelity released a press release earlier this week detailing the Boston firm's first half business in the retirement industry.

Our sister publication 401kWire first reported this on Tuesday.

The retirement business added more than 800 clients and more and half a million participants.

One new client win highlighted in the release was Kraft Foods, which brought in 51,000 participants and $6.2 billion in AUM.

Fidelity also added 450 new clients through advisor-sold plans.

"The defined contribution market continues to be highly competitive and clients are increasingly focused on selecting a plan administrative service provider that has the experience and expertise to help them derive maximum value out of their workplace savings plan," stated Jeff Lagarce, the firm's executive vice president for workplace investing

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