Fidelity Investments announced July 22 that it would expand the Wealth Advisor Solutions program to New York, Connecticut, New Jersey, and southern California. Wealth Advisor Solutions matches high-net-worth Fidelity clients with a select group of registered investment advisors that have the capabilities that the clients are looking for.

Even though the program is relatively new, “Since last year, assets that advisors gained due to referrals from Fidelity increased substantially, up 33% from a year ago,” Fidelity says in an announcement. “This rise can be attributed to the success of the Wealth Advisor Solutions program,” which rolled out last December in Chicago, New England and San Francisco.

Not all RIAs qualify for the program. Advisors must be rigorously vetted by Fidelity to be included, and then Fidelity screens high-net-worth clients to determine what types of services they require, and introduces them to registered investment advisors who specialize in the types of services that are needed.

“Because of the program’s success, we are seeing greater demand from advisors in places where the program has yet to be introduced,” Scott Dell’Orfano, executive VP, Fidelity Registered Investment Advisor Group, says in the release.

Read the original IA story about the rollout of the Wealth Advisor Solutions program here.