Fidelity Investments has launched a digital platform that allows do-it-yourself investors to create their own custom index, either by designing an index from scratch or selecting from 13 thematic stock models built by Fidelity analysts and then adding or removing stocks or updating weights.
Branded as Fidelity Solo FidFolios and leveraging the use of fractional shares, the solution will be rolled out over the coming weeks.
It follows the April launch of Fidelity Managed FidFolios, a digital, professionally managed direct-indexing option that offers advanced tax management techniques and is available to retail investors.
Users of the new service can start with as little as $1 per stock and select up to 50 stocks in each portfolio. After a 90-day free trial, the flat monthly fee will be $4.99. The professionally managed portfolio option has a $5,000 minimum investment and charges a management fee of 40 basis points.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
