Fidelity launches FMAX model marketplace platform

Fidelity launched a new product on December 1, 2020.

Primary

Fidelity

Date

December 1, 2020

Sub-sector

Wealthtech

Fidelity pivots RIA custody model from commission-based to basis-point fees via model marketplace, addressing margin pressure from zero commissions and rate cuts.

Primary company

Fidelity

Counterparty

Not disclosed

Amount

Not disclosed

Event date

December 1, 2020

Sub-sector

Wealthtech

HQ

Not disclosed

Structure

Not disclosed

Source published

December 18, 2020

Publisher

InvestmentNews

Source: investmentnews.com