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.