Fidelity Investments has launched several new services for advisers: a separate accounts screening program, custody and recordkeeping for alternative investments and charitable management for private foundations.

Separate accounts are a hot area for high-end investors, with assets in the industry flat at the end of 2002 despite a dramatic decline in the stock market. Alternative investments are also attracting increasing interest as the bear market drags on. And Fidelity's new charitable management services will draw advisers involved in longer-term planning, especially since few custody firms have yet to offer wealth distribution services.

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