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Fidelity: $100M Custody Minimum to Impact a Few Hundred Firms
Fidelity pegs the number of advisors that will have to leave its platform by June 2027 as less than 1% of its total clearing and custody assets.
Summary as published by WealthManagement.com
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Custodians, RIA Platforms Target Fidelity Clients on Heels of $100M MinimumRIABiz · Oct 6, 11:57 AM ET
Schwab's Jon Beatty is one custody head offering a port in the storm after Fidelity unmoors its sub-$100M RIAs and Altruist's Jason Wenk , Apex's Bill Capuzzi and TradePMR's R. Scott Victoria are among others
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