Fidelity Investments(R), Palm(TM), Inc.'s premier brokerage provider, today announced that it will expand its InstantBroker(SM)(1) wireless trading service to deliver an innovative intra-day stock screener, news headlines and charting, as well as employer-sponsored retirement account balances to its customers via certain wirelessly enabled Palm(TM) handheld computers.
Fidelity Brokerage(R) customers will be able to access real-time charting, ticker-specific news headlines and story abstracts as well as Fidelity-managed 401(k), 403(b) or 457 retirement account balances via future Palm handhelds. The enhanced InstantBroker service also features the first wireless intra-day stock screener, enabling customers to analyze stocks based on financial parameters, such as trading range, price-earnings ratio and market capitalization.
"Our technological capabilities coupled with our strategic alliances with such companies as Palm and MarketWatch.com, Inc. have made InstantBroker the industry leader," said Joseph G. Ferra, senior vice president, Fidelity Online Brokerage. "Fidelity will maintain its competitive edge and differentiate itself by continually refining and expanding its wireless offerings to provide mobile investors access to the tools and information they want to actively manage financial portfolios."
Fidelity is the first company to offer an integrated portfolio through its InstantBroker wireless investing technology. Wireless access is scheduled to be available this summer to nearly 1 million investors who are Fidelity brokerage customers, have Fidelity-managed 401(k), 403(b) or 457 retirement plans and can view their combined portfolios via fidelity.com and Fidelity NetBenefits(SM). The first phase of the wireless integrated portfolio project will enable investors with employer-sponsored retirement plans to view their account balances. Future planned enhancements include transactions, positions, holdings and company stock quotes.
InstantBroker, Fidelity's proprietary wireless technology and the industry's first wireless trading service, enables Fidelity Brokerage customers to access real-time watch lists, market indices, stock quotes and other financial information, as well as place eligible stock trades wirelessly for as little as $14.95(2). InstantBroker is currently available via handheld computers, such as Palm VII handhelds or modem-equipped Palm V handhelds, one- and two-way pagers, Web phones and e-mail(3).
About Fidelity Investments
Fidelity Brokerage Services, Inc. offers its customers access to a full range of securities, IPOs and other public offerings for eligible brokerage customers; FundsNetwork(R) with more than 4,100 mutual funds; substantial commission savings; low margin rates; access to extensive independent research; a variety of cash management services for qualifying accounts and consolidated statement reporting.
Fidelity Investments is the nation's largest mutual fund company and a leading provider of financial services. Fidelity offers investment management, retirement, brokerage and shareholder services directly to individuals and institutions, and through financial intermediaries. The firm also is the No. 1 provider of 401(k) retirement savings plans, the second largest discount brokerage firm and the third largest provider of 403(b) retirement plans for not-for-profit institutions in the United States. At May 31, 2000, Fidelity had total managed assets of 929.1 billion.
Instant Broker is a service of Fidelity Brokerage Services, Inc. Member NYSE, SIPC
Palm, Inc. is an independent organization and is not affiliated with Fidelity Investments. Palm is a trademark of Palm, Inc. or its subsidiaries.
For more complete information, including charges and expenses on any fund available through Fidelity, call or write for a free prospectus. Read it carefully before you invest or send money.
Fidelity Brokerage Services, Inc. 100 Summer Street, Boston, MA 02110
107222/4b
(1) InstantBroker system availability and response time may be subject to market conditions. Visit www.fidelity.com for complete details.
(2) 14.95 for online stock trades up to 1000 shares placed via the web or InstantBroker in qualifying accounts (minimum 12 stock, bond, or option trades in a rolling 12-month period). See a commission schedule for complete details.
(3) Not all InstantBroker functionality is available on every wireless device. Wireless devices may require particular wireless service plans.
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