, formerly the backer of the AdvisorCentral
portal has decided to join DST Systems
platform. The two other firms Fidelity worked with on the AdvisorCentral portal, Franklin Templeton and Putnam, have also moved on to other portals.
Fidelity Investments today announced that it will be joining DST Systems' Vision platform, allowing financial advisors and their home offices to view their clients' Fidelity mutual fund account information online. Fidelity expects to make its information available on Vision later this year.
DST Vision is an online aggregation site for mutual fund and variable annuity account data in the intermediary marketplace. The platform enables intermediaries to see a consolidated view of their clients' account information across more than 260 mutual fund and variable annuity companies. Fidelity's intermediary clients also will be able to continue using the company's own Web site, advisor.fidelity.com, as well as AdvisorCentral to view their clients' account information.
Through DST Vision, advisors will be able to view Fidelity fund account balances aggregated across multiple fund families and detailed account history within a fund. They also will be able to access client statements, with the option of subscribing to quarterly downloads.
"For many advisors, finding enough time in the day to focus on client service and account management can be a challenge," said Craig Huntley, executive vice president, Fidelity Investments Institutional Services Company. "Fidelity has a long-standing commitment to offering advisors access to the resources and dedicated support they need to be successful in any market. Through DST Vision, we are offering our clients another option for accessing their clients' Fidelity account information, helping them to more efficiently manage those accounts."
About Fidelity Investments Institutional Services
Fidelity Investments Institutional Services Company provides investment management services through investment professionals at financial institutions nationwide, including wirehouses, regional and independent broker/dealers, banks, trust companies and insurance companies. The company offers Fidelity Advisor FundsŪ, Variable Insurance Product (VIP) Portfolios, systematic investment plans, institutional money market funds and a comprehensive line of retirement products and services. Fidelity Investments Institutional Services Company's total assets under management were $270.8 billion as of May 31, 2007. For more information, advisors may visit https://advisor.fidelity.com.
About Fidelity Investments
Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.2 trillion, including managed assets of $1.5 trillion as of May 31, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.
About DST Systems
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST's world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Mo., and is a publicly traded company on the New York Stock Exchange.
Stay ahead of the news ... Sign up for our email alerts now