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Fidelity Investments Yields the Small 401(k) Plan Market to Its RIAs
RIABiz 
June 5, 2013
"Fidelity Investments, the powerhouse 401(k) provider, will no longer compete with RIAs in the small and midsize 401(k) plan arena, says Ted Madden, senior vice president, sales for Fidelity. This is a major move that shows RIAs have become a major force in that arena, industry leaders say.... The actions of Fidelity make sense and deserve applause but they are likely the result of Fidelity finding it more difficult to beat RIAs -- making the choice to join them easier, according to Doug Dannemiller, principal of Duxbury, Mass.-based Dannemiller Analytics & Consulting LLC."
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