Fidelity Merges Clearing and Custody Arms; Launches Tech Unit
The combination of National Financial and Fidelity Institutional Wealth Services is five years in the making. Fidelity Wealth Technologies will be led by Mike Durbin.
Fidelity Partners With Robo-Advisor LearnVest
Deal will give Fidelity IWS, National Financial advisors ‘preferred pricing’ and educational tools to reach ‘emerging’ and mass affluent clients.
Fidelity’s Durbin: Betterment Deal Keeps Advisors ‘Front and Center’
Co-opting a robo-advisor like Betterment Institutional also provides an opportunity for RIAs to segment client base, says head of RIA custody unit.
Fidelity’s Durbin: RIAs Thriving; Top Clients See Robo-Advisors as Positive Trend
Fidelity IWS chief reports custodial business growing healthily, ironically with fewer, but larger, RIA client firms, who embrace virtual advice-giving.
Breakaway Brokers See Early Financial Benefits, Fidelity Finds
Study finds 76% of "new independents" say they're better off financially, 64% within first six months of going independent.
Fidelity Hires Away Trust Co. Senior Sales Exec Oros
In a surprise move on Friday, clearing and custodial firm Trust Company of America announced that vice president of national sales Bob Oros is leaving to become EVP of RIA sales and relationship management at Fidelity Investments.
Fidelity Charitable Announces New Advisor Platform
GivingCentral allows advisors to set up and manage Giving Accounts, and make contributions to Fidelity Charitable on behalf of their clients, all online.
Fidelity's Durbin Asks: Need Another Reason to Leave Wirehouses? Taxes?
Fidelity white paper explores the taxation issues that arise when advisors switch business models from captive wirehouse to independent RIA.
Fidelity Rolls Out Program to Help Breakaway Brokers
Enhanced client service model supports brokers who conduct fee and commission business.