Fidelity’s division for ultra-high-net-worth individuals and family offices, served by independent registered investment advisors, has nearly $2 billion in assets after only six months in service.

Fidelity has also hired Trevor A. Norton as senior vice president and head of the program, aimed at those with investable assets of $50 million or more. Norton reports to Edward J. Orazem, president of Fidelity Family Office Services.

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