Fidelity Institutional has launched a comprehensive wealth management platform that provides financial advisors the ability to deliver an array of services to clients all in one place, helping them meet the growing demand for financial planning services and managed accounts.
The Fidelity Managed Account Xchange (FMAX) provides deep integrations with eMoney’s planning and Envestnet’s managed account technologies while simplifying contracting and eliminating manual processes; investing solutions from asset managers along with investment consulting from Fidelity; and a single contact point for inquiries and issue resolution.
“This is what advisors have been waiting for: one platform where they can develop a financial plan, create a proposal, invest, trade, generate reports — and access investment solutions, research and consulting,” said Gary Gallagher, head of Investment and Managed Solutions for Fidelity Institutional, in a statement. “We’re helping advisors streamline investing so that they can focus their time and energy on having those important conversations with their clients — particularly now.”
FMAX, which was announced last year, is now being rolled out to RIAs, family offices and broker-dealers.
(Related: Fidelity to Launch a Planning-Centric Wealth Management Platform)