Fidelity Investments' institutional wealth management arm is ratcheting up its pursuit of financial advisers and wealth managers who want to run their own shops.

"Practice management is growing in importance, especially to support the breakaway broker market. It makes life easier for them," said Gail Graham, an executive vice president of Fidelity Institutional Wealth Services. "This market and business is growing very quickly."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.