Fidelity Investments is planning to charge advisers for referrals to high-net-worth investors in its discount brokerage program that it makes to them.

Fidelity is planning to apply the fees next year and is currently consulting with a number of advisers on how they should be structured.

“We’re evaluating a fee for referrals going forward from 2010 for RIAs in the program,” Fidelity spokesman Steve Austin told The Wall Street Journal. He added that so far, feedback from advisers has been “very positive.”

Fidelity will be making referrals to only 125 registered investment advisers. In doing so, it will be following in the tradition of Charles Schwab and TD Ameritrade.

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