Fidelity to benefit breakaway brokers

Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.
DEC 12, 2007
By  Bloomberg
Fidelity Investments will support the more than 50 breakaway brokers who have tapped the financial services provider to support their move to become Registered Investment Advisors. Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance through BenefitProtect and access to fully furnished offices or meeting rooms through The Regus Group PLC. BenefitProtect of Phoenix offers consultations with licensed insurance counselors, the ability to elect portions of benefit plans or an entire package and flexible deductibles and billing, Fidelity said in a statement. The Regus Group of Chertsey, U.K. has 950 offices in 400 cities worldwide that are equipped with telecommunications and information technology services, access to meeting rooms and video conferencing. Additionally, Fidelity said that it has discounted rates with a new regulatory compliance provider, Advanced Regulatory Compliance. Advanced Regulatory Compliance provides advisers with access to professional consulting and services that will help them navigate through compliance and regulatory issues. Fidelity of Boston has more than $3.4 trillion in assets under custody, including managed assets of $1.6 trillion as of Oct. 31.

Latest News

Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says
Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says

A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.

SEC bars New Jersey advisor after $9.9M fraud against Gold Star families
SEC bars New Jersey advisor after $9.9M fraud against Gold Star families

Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.

Navigating the great wealth transfer: Are advisors ready for both waves?
Navigating the great wealth transfer: Are advisors ready for both waves?

After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.

UBS Financial loses another investor lawsuit involving Tesla stock
UBS Financial loses another investor lawsuit involving Tesla stock

The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.

Trump's one big beautiful bill reshapes charitable giving for donors and advisors
Trump's one big beautiful bill reshapes charitable giving for donors and advisors

An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.