Fidelity Investments has expanded its trust service offerings for independent advisors, in a package that combines both trust and brokerage capabilities.
The company announced the services will be provided through an exclusive relationship with SunGard Asset Management Systems, an operating group of SunGard.
Fidelity says its platform will now offer interfaces to SunGard's AddVantage and Charlotte trust accounting and asset management systems. The integrated platform included brokerage services and personal trust accounting capabilities, including cash management, trust statements and client access to portfolio and account information.
Advisors not affiliated with a trust institution can delegate administrative and reporting capabilities to Fidelity Personal Trust Company, while at the same time retaining control over asset management.
"High-net-worth households continue to face a variety of sophisticated and complex planning needs-from estate planning to intergenerational transfer of wealth," Jay Lanigan, president of Fidelity Registered Investment Advisor Group, says in a statement. "Advisors who are able to offer a range of personal trust services, as part of a comprehensive wealth management platform, will be in an excellent position to strengthen existing client relationships."