He says Fidelity offers innovative investment tools and research, an open technology platform, and practice management and consulting - all services designed to help RIAs enhance efficiency, plan strategically and engage with clients effectively.
To David Canter, executive vice president of practice management at Fidelity, the most pressing issue facing his firm as an RIA custodian is ensuring that it can support all of the new practice models that keep emerging in the industry. "The question that keeps me up at night," he says, is this: "Are we providing each of these models with everything that the advisors need to manage and grow their business?"
Donald Jay Korn is a Financial Planning contributing writer in New York. He also writes regularly for On Wall Street.