MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 18, 2006 Thomas Weisel Enters Unbundling Pact With Fidelity Thomas Weisel Partners Group Inc. has entered into an unbundling arrangement with Fidelity. In a regulatory filing last week, the San Francisco-based investment bank said Fidelity will "separate payments for research products or services from trading commissions for brokerage services and will pay for research directly in cash, instead of compensating these firms through trading commissions as under soft dollar practices." The deal was sealed in March, Thomas Weisel said. Last year, Fidelity reached similar agreements with Lehman Brothers and Deutsche Bank Securities. Printed from: MFWire.com/story.asp?s=11846 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |