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

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

Rating:Fidelity Bets On an Online, Advisor-Support Specialist Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 3, 2015

Fidelity Bets On an Online, Advisor-Support Specialist

Reported by Neil Anderson, Managing Editor

Fidelity is making a bet on online support for its RIA clients and its broker-dealer clients' advisors.

Yesterday the Boston Behemoth unveiled a deal to buy a majority stake in Conshohocken, Pennsylvania-based eMoney Advisors from New York City-based Guardian. The deal is meant to amp up Fidelity's offerings for its National Financial Streetscape broker-dealer clients' advisors and its Fidelity Institutional Wealth Services (FIWS) WealthCentral RIA clients.

Looking ahead, Fidelity spokeswoman Erica Birke confirms that FIWS and National Financial's next phase in enhancing the Streetscape and WealthCentral platforms will focus on "comprehensive data management," "streamlining key tasks" to help advisors have "efficient and integrated" offices, and increasing collaboration between the home office, the advisor and the investor. The eMoney deal provides some help along those lines, Birke tells MFWire as eMoney's technology has three fundamental components that attracted Fidelity: advisor-investor collaboration tools, data aggregation, and financial planning tools.

Guardian will retain a minority stake in eMoney and will continue to be an eMoney client. eMoney will remain a separate company, with Fidelity as a client, too. And the eMoney leadership team, including founder and CEO Edmond Walters, will stay on. The deal is expected to close within 30 to 60 days.

Michael Wilens, president of Fidelity enterprise services, calls eMoney "another important vehicle" to help Fidelity "maintain its edge in a rapidly changing technology environment." (For context, Fidelity spends about $2.5 billion on technology each year and has about 10,000 "technologists" on staff, one quarter of the whole Fidelity team. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use