The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fido Pairs Up with JP Morgan Chase Not Rated 2.3 Email Routing List Email & Route  Print Print
Tuesday, February 28, 2006

Fido Pairs Up with JP Morgan Chase

by: Sean Hanna, Editor in Chief

Fidelity has tapped into JP Morgan Chase's new issue pipeline for its retail brokerage customers. The Boston Behemoth said Tuesday that the partnership will provide its customers access to IPOs and fixed income offerings from the Wall Street bank and underwriter.

JPMorgan will also offer secondary share sales and certain negotiated municipal bond offerings as part of the strategic alliance.

The agreement opens up distribution to more than 10.7 million brokerage account holders at Fidelity. The Boston-based fund firm also works with more than 3,000 registered investment advisors and more than 350 broker-dealer firms with 65,000 individual brokers through National Financial clearing business.

Until now, JPMorgan has distributed primarily the equity and fixed income offerings only through institutions, hedge funds clients of its JPMorgan Private Bank.

"This alliance gives JPMorgan and its clients access to Fidelity's extensive distribution network," said Steve Black, co-CEO of JPMorgan's Investment Bank. "We are now able to offer our clients the opportunity to reach a far broader set of investors. Becoming Fidelity's primary provider of new issue equity and debt products is a key competitive advantage for JPMorgan."

Ellyn A. McColgan, president, Fidelity Brokerage Company, said that the alliance is part of an effort to make "significant investments" in its brokerage business and to strengthen its overall offering. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use