The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Deep Dive Into Fidelity's New Platform Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 15, 2017

A Deep Dive Into Fidelity's New Platform

Reported by Neil Anderson, Managing Editor

On February 1 Fidelity created a new investing platform for its RIA allies, and dozens of fund firms are getting in on the action so far. The platform is a hybrid of traditional NTF and TF platforms, and so is the pricing.

Carolyn Clancy
Fidelity Investments
EVP, FundsNetwork
MFWire broke the news two weeks ago that the Boston Behemoth just launched an NTF (no transaction fee) platform featuring institutional shares. Carolyn Clancy, executive vice president of the Fidelity FundsNetwork, says that the new platform, which Fidelity folks are calling their iNTF Program, came together pretty quickly.

"We literally made the decision towards the end of last year," Clancy tells MFWire, and they started it up on February 1, about 90 days after the process began.

Word on the industry street is that it costs a flat 15 basis points to put a fund on the iNTF platform, compared to the usual 10 bps to be on a transaction fee platform and 40 bps (25 coming from 12b-1s) to be on a traditional, retail NTF platform. Clancy declined to confirm the iNTF platform pricing, but she confirmed that "there's real consistency and standardization."

"Fidelity's made it clear that if you're going to be on the platform, everybody's paying the same rate," one fundster tells MFWire.

Clancy, citing non-disclosure agreements, declined to identify which fund firms are participating in the iNTF platform so far. Yet she confirms that more than 30 fund firms and more than 1,100 CUSIPs are on the new platform. By comparison, Fidelity has more than 400 fund families and 6,600 CUSIPs on its traditional NTF platform for RIAs.

And she's adding more to the iNTF platform, too.

"We're moving fairly rapidly," Clancy says. "You will absolutely see more."

"We're signing folks up on a pretty evolving basis," Clancy adds. "On roughly a monthly basis we'll be continuing to update things as we go forward."

A perusal of Fidelity's Wealthscape portal for RIAs shows funds from 50 firms that could be on the new platform.. It's not clear which firms are part of the new iNTF program versus those simply eating the 40 bps cost of the traditional NTF program even though they don't charge 12b-1s. For example, though sources familiar with the situation told MFWire that Goldman Sachs is not yet on the new platform, some of their funds' institutional shares do show up as being available through Fidelity on an NTF basis.

These 50 firms have funds that are currently available, at institutional pricing, on a no-transaction-fee basis, through Fidelity:

American Beacon



Cloud Capital

Columbia Threadneedle



Diamond Hill


Eaton Vance



First Focus

Franklin Templeton

Fred Alger



Goldman Sachs




John Hancock






Manning & Napier



Monte Chesapeake

Morgan Stanley

Permanent Portfolio



Rice Hall James





Snow Capital

Sound Shore










Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. 2024 ICI Leadership Summit, May 21-23
  2. MFDF webinar - Mutual Fund Director Compensation: the MPI Annual Survey (2024), May 21
  3. Schwab Institutional Investor Day, May 22
  4. IMEA webinar - Opportunities in the Evolving Wealth Management Market, May 22
  5. Raymond James 2024 Analyst & Investor Day, May 23
  6. WE SoCal - How to Lead With Impact: Fireside Chat With Lorraine Le, May 23
  7. MFDF Conference of Fund Leaders Forum, June 5
  8. MFDF in-person outreach: Continuing Regulatory Impacts on Fund Boards, June 11
  9. MFDF webinar - Digital Assets in the Fund Space (Part 1 of 2), June 12
  10. 2024 MMI Leadership Pathway Seminar, Jun 12-14
  11. 2024 Nicsa Fearless Leadership Symposium, June 12
  12. Expect Miracles East Coast Classic 2024, June 13
  13. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  14. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  15. New York YPEM Cornhole Classic, June 25
  16. Morningstar Investment Conference Conference 2024, Jun 26-27
  17. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  18. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  19. MFDF Director Discussion Series - Open Forum (New York), July 23
  20. 2024 MMI Annual Conference, Oct 15-17
  21. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  22. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7
  23. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  24. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use