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BOSTON, August 20, 2003 -- Fidelity Investments today announced it has added five business alliances to its PracticeAdvantageSM platform, broadening the menu of independent technology, risk management and business services resources available to registered investment advisors.
Fidelity's new alliances are with Brainshark, Burlington, Mass.; Morningstar, Inc., Chicago, Ill.; MGL Consulting Corporation, The Woodlands, Texas; National Advisers, LLC, Reston, Va; and 401kLoans, LLC, Saint Cloud, Minn.
PracticeAdvantage is Fidelity's comprehensive network of practice management and business-building resources for advisors. It offers a choice of discounted products and services through a network of more than 50 strategic alliances in areas such as marketing and sales, practice management, risk management, business services, technology, and research and continuing education.
"Our research shows that advisors are concerned about a variety of practice management considerations, including building awareness, increasing their competitiveness, and finding quality partners," said Jay Lanigan, president, Fidelity Registered Investment Advisor Group. "Through our network of independent business service providers, advisors are able to select those products and services that meet their particular business needs, which can help them more effectively manage the profitability of their practice."
Five New PracticeAdvantage Business Alliances
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Brainshark: Web communications platform that allows advisors to create, manage and share on-demand presentations that combine voice, visuals and business documents.
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Morningstar, Inc.: Global investment research firm offering an extensive line of print, software and Web-based products and services, including Morningstar Advisor WorkstationSM and Principia®.
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MGL Consulting Corporation: Registration and compliance services, including Form ADV disclosures, customized supervisory procedures, select SEC and state registration/renewal services, IARD administration services, and compliance examinations.
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National Advisers, LLC: Turnkey mortgage services and solutions for investment professionals to use with their clients.
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401kLoans, LLC: 401(k) plan loan automation software, including origination and documentation services, including automated loan approval, origination documentation and delivery services.
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About Fidelity Registered Investment Advisor Group
Fidelity is the second largest provider of custody and brokerage services to the registered investment advisor marketplace, with over $73 billion in assets on behalf of more than 1,800 advisors as of June 30, 2003. Fidelity provides access to a flexible, open technology environment, extensive practice management resources, and wealth management investments and services--all backed by the long-term commitment of a private company. Dedicated relationship professionals work consultatively to help advisors choose the products and services that are in the best interests of their clients and make the most sense for their business. For more information about Fidelity's services for advisors, please visit http://ria.fidelity.com.
About Fidelity Investments
Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $1.6 trillion, including managed assets of $889.9 billion as of July 31, 2003. Fidelity offers investment management, retirement planning, brokerage, human resources and benefits outsourcing services to 18 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.
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Brainshark; MGL Consulting Corporation; Morningstar, Inc.; National Advisers, LLC; and 401kLoans, LLC, are independent companies and are not affiliated with Fidelity Investments.
Clearing, custody or other brokerage services may be provided by National Financial Services LLC or Fidelity Brokerage Services, LLC. Members NYSE, SIPC.
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