mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Fidelity net fell 11% in 2006
Fidelity Investments announced today that net income fell 11% last year -- despite higher revenue and managed assets -- due to factors including a rising headcount, advertising and special charges.
I wonder if this loss is a result (partially) of Fido decreasing the ER of many of the funds that compete well with Vanguard?