Fidelity Investments announced Thursday that it had developed an iPhone app to allow advisors who use Fidelity's WealthCentral to access client balances, holdings and transaction activity.
“Advisors increasingly tell us they are looking for new and better ways to improve efficiencies,” Edward O’Brien (left), senior vice president and head of technology for Fidelity Institutional Wealth Services, said in a press release.
WealthCentral is a Web-based, open technology platform that integrates with advisors' third-party applications. According to Fidelity, more than 800 RIA firms are using WealthCentral.
The app is the first step in Fidelity's plan to make the WealthCentral platform "broadly available" on smart phones; the company plans to release apps in the future that will offer access from iPads and other systems.