Wall Street plays catch-up on solo 401(k)s as self-employment surges

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Wall Street is playing catch-up to the US’ self-employment boom as institutional investors rush to package and sell solo 401(k)s to a new class of high-earning independent workers. JPMorgan Chase, Fidelity, Schwab and Vanguard are leading the push into solo 401(k)s, with banks and asset managers looking to capitalize on the rapidly rising self-employment trend, according to Bloomberg News. The timing is not accidental. Solo 401(k)s were long seen as too niche and paperwork-heavy to be worth

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