Fidelity Institutional® to Offer Retirement Advisors and Recordkeepers Access to Fidelity's Work

Fidelity Investments press release May 16 ------ Managed accounts are becoming increasingly popular among plan sponsors, plan participants, and the advisors who work with them, due to an increased focus on fiduciary responsibility, financial wellness and retirement readiness. Based on this demand, Fidelity Institutional (FI) announced today that they are expanding access to Fidelity® Portfolio Advisory Service at Work (PAS-W) – Fidelity's managed account offering which provides investment management of workplace retirement accounts – to retirement advisors and recordkeepers. Fidelity research has found that there's been a significant increase in the number of advisory firms moving from accommodating retirement plan requests to growing their retirement plan businesses. As this growth accelerates, so, too, does the need for solutions to help advisors manage that growth in an efficient and scalable way, while providing personalized solutions and better outcomes for plan participants. PAS-W can make this simpler by providing retirement advisors and recordkeepers with a managed account service that seamlessly integrates into their offering. To learn more click on the picture below to read the release.