You are here

Fidelity gives BlackRock early leg up in e-advice business

BT_20161219_FIDELITY_2651083.jpg
Boston-based Fidelity invested in FutureAdvisor during a US$15.5-million funding round in May 2014.

Boston

FIDELITY Investments unintentionally boosted BlackRock's prospects as a robo adviser with a small investment in a start-up company that BlackRock bought last year for an estimated US$150 million.

BlackRock and Fidelity are only in the early stages of what is shaping up as a

sentifi.com

Market voices on:

Powered by GET.comGetCom