Products May 8, 2012

App Enables Stock Plan Participants to Conduct Transactions

 

The Fidelity Investments App was updated to enable stock plan participants to better access and track their portfolios, and conduct transactions.

 

 

Reported by

With the updates, participants with stock option plans can exercise and sell their options by following simple prompts within the app on an iPhone, iPod Touch or Android smartphone. Investors can determine the total value of all of their options, the price of their exercisable options, the estimated value of their options and the aggregated tax rate that will apply if the options are sold.

Previously, participants could view their stock plan account balances from a device but could not conduct transactions.

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“Fidelity is pleased to provide today’s busy investors the smart mobile tools they need to stay connected to their portfolios no matter where they are,” said Joan Bloom, senior vice president of Fidelity’s Stock Plan Services business. “Participants not only can check their account balances but also conduct transactions on the move.”

Under the enhancements, participants in all of Fidelity’s stock plan categories—restricted stock, stock appreciation, performance and employee stock purchase and stock options—can access more detailed information about their accounts via mobile devices.  

 

(Cont...)

Other enhancements include:

•  Participants with restricted stock units, restricted stock award plans and performance award plans can now see the value of their accounts, their transaction history and grant details such as price, date and quantity;

•  Participants with stock option plans and stock appreciation rights plans can see their grant details for accepted and unaccepted grants as well as pending stock option exercises, including transaction details and history;

•  Participants with stock purchase plans can see offering periods and transaction history; and

•  Participants with restricted stock units, restricted stock awards plans and stock appreciation rights plans can view their vesting schedules.

The Fidelity Investments App is available free from the App Store on iPhone and iPod Touch or at www.iTunes.com/AppStore.

 

Deals & People May 8, 2012

CAPTRUST Names Three to Senior Management Positions

 

CAPTRUST hired three industry veterans in executive positions: Bonnie McCullough, John Curry and Doreen O’Dowd.

 

 

Reported by

McCullough, chief financial officer, comes to CAPTRUST with experience at firms such as Parish Capital Advisors LLP and Ernst & Young. Her background includes 20 years in financial management and accounting, as well as more recent experience in human resources, risk management and regulatory compliance. McCullough will supervise the firm’s finance department.

Curry, senior director of marketing, joins CAPTRUST with more than 25 years of experience in strategic marketing with a dedicated focus on product development and design, market research, branding and sales campaign management. Curry has held positions with ProShares and AllianceBernstein, among others. He will oversee and manage all strategic marketing initiatives.

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O’Dowd, senior director of client services, with 21 years in the industry, joins CAPTRUST from Stock Yards Bank & Trust Company, where her responsibilities included training curriculum development, investment review process oversight, and tracking client revenue and retention. O’Dowd will be responsible for managing and supporting client service efforts at CAPTRUST.

 

 

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