An upcoming change to how Fidelity Investments handles cash balances has drawn ire from some in the industry who say it doesn't have clients' best interests in mind. Next year Fidelity plans to ...

Later this year, Fidelity is planning to cut off access for independent advisors to using its high-yield money-market funds as the sweep account option for client cash. Instead, new nonretirement ...

Fidelity Investments is changing its policy on cash holdings so that more of clients’ uninvested funds wind up in a low-interest sweep account. Starting next year, Fidelity will put cash held in ...