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Financial Planning > UHNW Client Services > Family Office News

Fidelity Family Office Services Allies With Archway Technology Partners

By Michael S. Fischer

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Fidelity Family Office Services announced Thursday that it has formed an alliance with Archway Technology Partners, a global software company that supports the operations of private investment firms such as family offices and multi-family offices. Fidelity provides brokerage, custody and administrative services to more than 120 ultra high-net-worth single-family offices.

Fidelity said in the statement that its alliance with Archway aims to deliver a comprehensive technology, service and operations solution designed to lower the total cost of running a family office.

As a part of the alliance, Fidelity and Archway have established a dedicated team of professionals from each company to help streamline the service and support experience for shared clients. In addition, family offices have access to Archway’s ATWeb, an enterprise financial management platform designed to enable complex family offices to efficiently manage their business through sophisticated capabilities such as multi-account aggregation and robust performance, net worth and exposure reporting.

Archway’s flagship platform, ATWeb, is deployed to the firm’s clients as either the Enterprise Edition or the Portfolio Edition. The ATWeb Enterprise Editionis an enterprise-class software application that integrates corporate and partnership accounting with financial management, portfolio management and reporting tools that cover both public and private asset classes. It offers robust portfolio management and reporting tools coupled with an advanced asset-based fee engine tailored to investment advisors.

As of Sept. 30, Fidelity Family Office Services provided services to more than 120 family office clients across the U.S., with more than $20 billion of assets in custody with Fidelity.

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