Who wants to partner with Wall Street banks? You have JP Morgan tangled up with a recent trading loss of $2 billion and counting. Then there’s Morgan Stanley and the disastrous Facebook IPO. And not to be outdone was the 2008 bailout of Wall Street banks with taxpayer (your) money. What you’re seeing now is a market that never found a true bottom back in 2008.
For my money, Fidelity and Vanguard are at the top of the hill of investment firms, with all the others a distant—and I mean real distant—second, third, etc. When it comes to choosing a custodian for your money, there should be no hesitation as to where you should look first. Both Vanguard and Fidelity will provide you with the peace of mind you deserve. Here’s some data on Fidelity, just in case you want to spread the word:
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.4 trillion, including managed assets of $1.5 trillion, as of Dec. 31, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.