Tagged: fidelity

July 4, 2023 @ 5:23 am By Omar Faridi  |  

Fidelity Investments 2023 M&A Valuation & Deal Structure Survey “revealed a 237% increase in registered investment advisor (RIA) M&A deals, with 492 reported transactions, up from 146 for the 2017- 2019 study period.” The survey, which examines trends and buyer perceptions “related to RIA M&A… Read More

May 12, 2023 @ 11:45 am By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, announces the addition of Fidelity Investments as its newest buy-side member joining the foundation’s growing community of leading asset managers, hedge funds, and financial services firms. Fidelity’s membership “represents a continued… Read More

January 13, 2023 @ 1:27 pm By Omar Faridi  |  

Fidelity Investments announced it is furthering its commitment to the private market with the acquisition of Shoobx, a provider of automated equity management operations and financing software “for private companies at all growth stages, up to and including an initial public offering (IPO). Financial terms… Read More

June 2, 2022 @ 11:01 pm By Omar Faridi  |  

Fidelity International has teamed up with Canadian Fintech company, Conquest, as the “exclusive” distributor of its financial planning software, ‘Conquest Planning’ to the UK independent advice market. ‘Conquest Planning’ uses data and AI “to provide advisers with greater insight into clients’ changing circumstances, allowing them… Read More

May 8, 2022 @ 4:45 pm By JD Alois  |  

Senator Elizabeth Warren and Senator Tina Smith have sent a letter to Abigail Johnson, CEO of Fidelity Investments, taking her to task for allowing investors to include Bitcoin in their retirement accounts. Late last month, Fidelity announced the move claiming its workplace Digital Assets Account… Read More

April 26, 2022 @ 10:32 am By JD Alois  |  

Fidelity has long had an interest in the emerging digital asset sector and today the company is taking it a step further by enabling users of its service to hold Bitcoin in 401K retirement plans. Fidelity’s workplace Digital Assets Account (DAA) is said to be… Read More

March 20, 2022 @ 6:42 pm By Omar Faridi  |  

Capdesk, an equity management platform, recently announced an alliance with Fidelity, one of the world’s leading investment management services. It means that, in an “industry-first,” growing European companies will be “able to efficiently transition their employee share plans from private to public markets.” Analysis of… Read More

February 17, 2022 @ 8:52 am By Omar Faridi  |  

After making numerous unsuccessful attempts in the US to get a Bitcoin ETF that tracks BTC spot price, Fidelity, one of the world’s largest asset managers, has now introduced such products in Canada and European markets. On Tuesday (February 15, 2022), Fidelity introduced a European… Read More

January 30, 2022 @ 12:25 pm By Omar Faridi  |  

Fidelity is reportedly trying to make its own moves into the fast-evolving Metaverse economy. Fidelity, which manages trillions of dollars in customer assets, has submitted an application with the US Securities and Exchange Commission (SEC) this past Friday for an exchange-traded fund (ETF), known as… Read More

December 5, 2021 @ 5:41 pm By Omar Faridi  |  

Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More

November 21, 2021 @ 4:24 pm By Omar Faridi  |  

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… Read More

August 21, 2021 @ 6:32 pm By Omar Faridi  |  

The team at Blockstream, a Bitcoin-focused firm, has released its Markets Weekly Report, dated  August 20, 2021. As noted in the report from Blockstream, Bitcoin is currently on pace “to finish on the top end of this week’s range for the fifth weekly win in… Read More

July 21, 2021 @ 10:17 am By Omar Faridi  |  

Seven in 10 institutional investors are now expecting to purchase or invest in digital assets in the future, and over 90% of those interested in these financial instruments expect to have an allocation in their institution’s or clients’ portfolios “within the next five years.” This,… Read More

March 8, 2021 @ 8:09 am By Omar Faridi  |  

UK-based Fintech challenger Starling Bank has secured £272 million in capital via a Series D funding round led by Fidelity Investments. Starling Bank reported a £1.1 billion pre-money valuation. This latest investment round diversifies Starling’s slate of institutional investors to include some of the largest… Read More

April 10, 2020 @ 4:35 pm By Omar Faridi  |  

Fidelity Digital Assets, the cryptocurrency division of Fidelity, a multi-trillion dollar asset manager, is reportedly planning to expand its range of products and services. The firm’s decision to introduce new services has come at a time when it has been experiencing  a significant increase in… Read More

February 21, 2020 @ 7:07 am By Omar Faridi  |  

The Fidelity Center for Applied Technology (FCAT), which is a part of Fidelity Labs, the financial giant’s incubator for Fintech startups, is reportedly looking for Bitcoin (BTC) mining engineers for a “new business opportunity.”  The proposal has been put forward by the team working at… Read More

December 17, 2019 @ 3:40 pm By Samantha Hurst  |  

Financial services firm Fidelity Investments announced on Tuesday it is planning to establish a new digital asset business that will support European institutional investors. Fidelity Digital Assets, Ltd. will reportedly offer access to enterprise-quality custody and trade execution services for digital assets to investors such… Read More

October 15, 2018 @ 6:16 pm By JD Alois  |  

Fidelity Investments, perhaps best known for its ubiquitous mutual funds, is getting into crypto. Fidelity believes that distributed ledger technologies, aka blockchain, can enable entirely new business models, lead to the creation of frictionless capital markets and improve existing financial market infrastructure. Fidelity can envision… Read More

September 30, 2018 @ 9:00 pm By Steven McClurg and Katie Talati  |  

As the crypto markets have evolved rapidly during the last year and institutional investors (like Arca Funds) have begun to invest, fitting into the existing financial services framework has proven difficult. The primary debate around legacy intermediary systems and how they relate to real money… Read More

September 26, 2018 @ 10:04 pm By Cali Haan  |  

Representatives from Wall Street and prominent US crypto investment/services firms are convening in Washington this week to attend a legislative roundtable hosted by Republican Representative Warren Davidson of Ohio, CNBC reports. Attendees at the roundtable, titled “Legislating Certainty for Cryptocurrencies,” are reportedly hoping to influence… Read More