08.05.24

Fidelity Announces New Advisory Tech Offerings for Smaller RIAs

by: Steve Randall

Two new technology offerings from Fidelity Investments are aimed at smaller and mid-sized registered investment advisor (RIA) firms. A new all-in-one tech stack includes components of Wealthscape, eMoney and Advyzon, while an advisory bundle includes Wealthscape, eMoney and FMAX Essentials. The offerings come in light of Fidelity research showing that wealth management firms with a strong technological orientation see significantly better growth, improved client experiences and enhanced advisor satisfaction compared to their less digital-focused counterparts, but that firms with less than $250 million in assets under management are 1.8x less likely to embrace technology best practices than firms with more than $1 trillion.

Read the full article on InvestmentNews