Fidelity Investments and SunGard Data Systems formed a multi-year partnership last week that unites Fidelity's brokerage services with SunGard's transaction processing capabilities, on a single platform. The deal gives each company a greater competitive edge to target intermediaries supporting Baby Boomers as they move from savers to spenders in their retirement.

Fidelity's Registered Investment Advisor Group will provide brokerage, custody and clearing services, and serve as the broker/dealer of record, for customers of SunGard Transaction Network (STN), a mutual fund order-routing solution. STN will continue to provide trade automation, systems integration and software solutions.

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