MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 24, 2013 Fido Does The FIWS Shuffle, Again The Boston Behemoth is going gaga over advisors. Brooke Southall of RIABiz reports that Fidelity [profile] is making a number of big moves to make itself a force to be reckoned with in the advisor space. The mores include creating a sub-unit focused on "mezzanine" players like TAMPS, vendors of vendors and roll-ups. Southall reports that the new-categories unit is being head by Robert Evans formerly Fidelity’s regional senior vice president in the RIA custody unit for seven years on the West Coast based in San Francisco. RIABiz also reports that Fidelity will also implement other changes such as having all bank relationships that currently fall under both National Financial Services and Fidelity Institutional put into a single group that accesses the services of both units. Southall also reports that Fidelity is recognizing advisors with a growing use of TAMPs for outsourced investments. To read more, click here. Printed from: MFWire.com/story.asp?s=45083 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |