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Fidelity gives BlackRock early leg up in e-advice business
Published Sun, Dec 18, 2016 · 09:50 PM
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 battle royale to become the go-to provider of cheap automated financial advice over the Internet.
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