Fidelity Investments and Lehman Brothers formed an alliance to offer a...

Fidelity Investments and Lehman Brothers formed an alliance to offer a wide range of investment and research products. Fidelity institutional brokerage clients and retail clients will be given access to Lehman Brothers lead-managed initial public offerings, as well as equity and debt research. Eligible retail clients include customers of Fidelity Brokerage Services; IRA, 401(k) plan and other retirement and defined benefit plan participants; registered investment advisers; third-party administrators; and other financial intermediaries. Under the deal, Lehman Brothers will be the principal source for Fidelity’s primary equity and debt new-issue products, secondary products and research needs.