Assets that Fidelity Investments manages as custodian for registered investment advisors grew more than 12% in 2001 to $58 billion. During the year, Fidelity added nearly 300 new RIA clients, including The Savant Group, First Mercantile Trust and Asset Planning Services.

RIAs that signed on with Fidelity said they did so because Fidelity has the resources to help their companies grow, said Jay Lanigan, executive vice president and head of Fidelity's RIA business through its Investments Institutional Brokerage Group.

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