Chase's Asset Management Group and Fidelity Announce Retirement Services Alliance.Business Editors NEW YORK--(BUSINESS WIRE)--April 27, 2000 Chase Global Asset Management and Mutual Funds (GAM&MF), a business unit of The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , today announced a strategic alliance with Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. Institutional Services Company, Inc. (FIIS FIIS Fire Island National Seashore (US National Park Service) ), to provide recordkeeping and trustee services for the Chase Retirement Solutions 401(k) program. This alliance benefits plan sponsors by bringing together Chase, a leader in global banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and Fidelity Investments(R), a premier provider of retirement services, to provide an enhanced retirement plan service that offers competitive pricing, state-of-the-art recordkeeping and superior plan sponsor and participant communications. Chase will continue to provide customers with investment management through its Chase Vista Funds(SM) as well as plan review and comprehensive employee education services. Chase Retirement Consultants tailor A tailor is a person whose occupation is to sew menswear style jackets and the skirts or trousers that go with them. Although the term dates to the thirteenth century, tailor educational services to meet participants' needs, using a variety of interactive techniques designed to produce measurable increases in involvement and enrollment among participants. Chase Retirement Solutions will offer Fidelity Advisor Funds(R) and use Fidelity's proprietary, state-of-the-art recordkeeping system recognized for its accuracy and cutting edge technology. The Fidelity Participant Recordkeeping System is maintained, supported and enhanced by more than 350 dedicated systems analysts and programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists . "Our alliance with Fidelity provides a model for success in the increasingly competitive retirement services marketplace and illustrates Chase's commitment to utilizing a broad network of resources to provide the best possible service for our customers," said Sarah E. Jones, Chase GAM&MF Sales & Marketing executive. "We're delighted to be able to broaden our relationship with Chase by providing them with the retirement services platform," said Jude Metcalfe, senior vice president, FIIS Retirement Strategic Marketing. "This is an exciting opportunity to bring two experts in the financial services industry together to provide meaningful retirement plan solutions for plan sponsors." Chase Global Mutual Asset Management and Mutual Funds manages more than $230 billion, providing a full range of investment management services for institutions, governments, individual investors and wealthy families worldwide. Fidelity has been a leader in retirement services for more than 20 years. Fidelity Investments(R) is the No. 1 provider of 401(k) retirement plan services in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with total 401(k) assets of $304.4 billion as of December 31, 1999. The company provides recordkeeping services for almost 7,500 401(k) plans representing more than 6.3 million plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. . For more complete information about the Fidelity Advisor Funds, including fees and expenses, please call or write your investment professional for a free prospectus. Read it carefully before you invest or send money. Fidelity Advisor Funds are available through financial advisors. Fidelity, Fidelity Investments and Fidelity Advisor Funds are registered trademarks of FMR FMR Former (government official title) FMR Fair Market Rents (HUD) FMR Financial Management Regulation FMR Friends of the Mississippi River (watershed conservancy) Corp. Chase is not affiliated with Fidelity Investments. Chase Vista Funds are distributed by Vista Fund Distributors, Inc., which is unaffiliated with The Chase Manhattan Bank. Chase and its respective affiliates receive compensation from Chase Vista Funds for providing investment advisory and other services. Investments in the funds are not deposits of, or guaranteed or endorsed by, The Chase Manhattan Bank, and the shares are not insured by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). , Federal Reserve Board or any other government agency. Investments in mutual funds involve risk, including possible loss of the principal amount invested. Fidelity Investments Institutional Services Company, Inc. 82 Devonshire Street, Boston, MA 02109. The Chase Manhattan Bank 1211 Avenue of the Americas, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10036. |
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