Fidelity and Schwab

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SlowMovingInvestor
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Joined: Sun Sep 11, 2016 11:27 am

Fidelity and Schwab

Post by SlowMovingInvestor » Sat Oct 06, 2018 2:33 pm

2 long, but interesting articles on Fido and Schwab this week in Barrons and Businessweek

Fido:

https://www.barrons.com/articles/fideli ... =hp_LEAD_1

FMR’s revenue hit a record $18.2 billion in 2017, up nearly 14% from the prior year. Assets under management, or AUM, hit $2.5 trillion, up 15%. Assets under administration—which include money in non-Fidelity funds that are in Fidelity brokerage accounts, 401(k) plans, and the like—rose 19%, to $6.8 trillion. That’s more in total assets than any other U.S. asset manager, including BlackRock (ticker: BLK), at $6.3 trillion; Vanguard, at $5.1 trillion; or Charles Schwab (SCHW), at $3.6 trillion. Operating income jumped 54%, to $5.3 billion.

...
Fidelity’s active stock funds had outflows of $47 billion in 2017 and $58 billion in 2016, according to the firm’s annual report.



Schwab:
https://www.bloomberg.com/news/features ... e-fintechs

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