Financial service company Fidelity Investments has suffered a data breach with the details of nearly 80,000 customers stolen. This breach has raised concerns about the security measures in place at the renowned financial institution. Fidelity Investments has disclosed that the breach occurred in August and affected a significant number of its customers. The personal information of over 77,000 individuals was exposed in this security incident.
Despite this data breach, Fidelity Investments continues to be a popular choice for investors looking for a wide range of financial products and services. The company offers $0 stock trades, over 3,000 no-transaction-fee mutual funds, and top-notch research and trading tools. For those seeking simplicity, low rates per trade, mobile accessibility, and in-depth research, Fidelity provides a great service.
One of the key products offered by Fidelity Investments is the Roth IRA, which can be a smart choice for individuals expecting to be in a higher tax bracket during their later years. This retirement account offers tax-free growth and tax-free withdrawals in retirement, making it a valuable investment tool for long-term financial planning.