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Market Update

Fidelity Investments' Powerstreet Powers Online Brokerage Growth

But the mutual fund giant is still far behind market leader Charles Schwab.

Mentioned:

The number of Fidelity Investments’ retail accounts grew only 5% last year, but its online accounts swelled 71%, the company reported Wednesday.

The Boston-based mutual fund giant credited the Powerstreet online trading service it introduced last year for the increased activity at its Web brokerage.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.