Fidelity Advises Advisers, With Eye on Pre-Retirees American Banker (10/20/00) Vol. 104, No. 42 p.7; Hunter, Matthew
Fidelity Investments has launched a free online service
designed to help advisers get business from people about to
withdraw assets from their retirement accounts. The new area on
Fidelity's Web site is called "The Right Moves for Pre-Retirees,"
and it is designed to familiarize advisers with the tax and legal
issues facing this demographic. It also gives advisers sales and
marketing tips from other financial advisers that specialize in
this area. There are roughly 24 million investors getting ready
to retire, and that number is expected to grow by one million a
year over the next 10 years as baby boomers prepare for
retirement. The adviser-advice program also addresses issues
like the value of rolling assets into IRAs and how best to leave
assets to beneficiaries to avoid tax liabilities. The site,
which is visited by about 40,000 advisers a month, also has tools
to help investors manage their money during retirement.