View all news

Fidelity® Clearing & Custody Solutions to Expand ETF Offering to Broker-Dealer Clients

06/07/2016
Broker-Dealers to Gain Access to 70 Commission-Free iShares® ETFs
Fidelity Now Offers Broker-Dealers the Most Comprehensive ETF Offering in the Marketplace

BOSTON — Fidelity Clearing & Custody Solutions (FCCS)—the division of Fidelity Investments® that provides clearing, custody and investment management products to registered investment advisors, broker-dealers, family offices and banks—today announced that its broker-dealer clients will have access to 70 commission-free iShares ETFs in non-commission-based managed accounts, in addition to the 15 Fidelity-managed commission-free ETFs it already offers. Fidelity now provides its broker-dealer clients with the most comprehensive commission-free ETF offering in the marketplace.1

Through Fidelity's 15 ETFs, which includes 11 passive sector ETFs, three active fixed income ETFs and the Fidelity Nasdaq Composite Index ETF, and its strategic relationship with BlackRock which includes an additional 70 commission-free iShares ETFs, FCCS clients have access to—and preferred pricing for—a broad selection of ETFs across a range of asset classes: sector-based, international and domestic equity, fixed income and commodities, covering more than 50 different Morningstar® categories.

"Delivering our broker-dealer clients access to our commission-free lineup of Fidelity and iShares ETFs has been a priority since we launched the offering," said Mark Haggerty, head of product for Fidelity Institutional. "We now offer broker-dealers a comprehensive suite of investment products and solutions which enables them to efficiently evaluate and incorporate these investments into their clients' portfolios."

FCCS clients have access to a range of investment products integrated into its platform, including managed accounts, ETFs, mutual funds and alternative investments.

FCCS also has a dedicated ETF Research Center for clearing and custody clients which features information on ETFs, educational content from Fidelity Investments® and BlackRock iShares, and search/screening tools. Key features of the research center include:

  • Quick Screener: Easy access to the most commonly used criteria for researching ETFs.
  • Custom Screener: Take ETF screening to the next level by choosing from 19 basic and 23 advanced screening criteria.
  • ETF Profile: Review detailed information such as historical performance, underlying holdings, expenses, etc.
  • Compare ETFs: A side-by-side comparison of up to three ETFs at a time.
  • Liquidity Analyzer & Correlation Tracker: Advanced ETF research tools for creating a portfolio of ETFs.

Fidelity has been meeting the ETF needs of customers for more than a decade by providing its brokerage customers, both individual investors and advisors, access to thousands of ETFs and currently has more than $230 billion in ETF assets under administration.2

About Fidelity Investments

Fidelity's goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.3 trillion, including managed assets of $2.0 trillion as of April 30, 2016, we focus on meeting the unique needs of a diverse set of customers: helping more than 25 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with investment and technology solutions to invest their own clients' money. Privately held for nearly 70 years, Fidelity employs 45,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

Multimedia Files:

View all news