National Financial, a unit of Fidelity Investments, announced a strategic relationship Monday with Chicago-based Envestnet Asset Management to offer correspondent broker-dealers and their investment representatives a unified managed account platform integrated with National Financial's brokerage platform.

Through National Financial's unified managed account platform, broker-dealers will have access to a comprehensive menu of integrated investment advisory programs, from a multimanager and separate account program to a mutual fund wrap program submanaged by Fidelity's Strategic Advisors unit, the Boston company said.

This is the first availability of the Strategic Advisors mutual fund wrap program in the institutional market.

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