Fidelity Advisor CHANNEL^TM Will Integrate Industry-Leading Core Technologies to Help Advisors Streamline Operations and Manage Growth

BOSTON, April 5, 2005 - Fidelity Investments today announced an integrated technology platform that will be the first in the industry to combine the core technologies registered investment advisors need, in a single sign-on environment, to help them simplify workflow, increase operational efficiency and more effectively manage growth.

Fidelity Advisor CHANNEL will seamlessly connect those technologies that are critical to an advisor's practice, including contact management, financial planning, trade order management, and portfolio management and reporting. The new platform also will integrate account servicing and practice management support. Fidelity expects the platform to be available later in 2005, with subsequent enhancements in early 2006.

Combining the power of the Internet and the desktop, Fidelity Advisor CHANNEL will be an open architecture platform that brings together some of the most advanced technologies and resources from both Fidelity and well-known third parties, including EISI and Integrated Decision Systems (IDS). The strategic relationship with IDS, an institutional-level portfolio management and order generation system, was announced in June 2004 and is now in beta.

"Integrating industry-leading technologies in a single platform is going to significantly help advisors simplify workflow and increase operational efficiencies," said Patrick Jancsy, senior vice president, Fidelity Registered Investment Advisor Group. "Fidelity Advisor CHANNEL is not just about the capabilities it provides; it's also about the way the capabilities are delivered. We gained extensive input from advisors and consultants and are developing an environment that will allow advisors to more intuitively access the data, analytics, products and tools they need to more effectively manage their practices and client relationships.

"Having the flexibility to access, manage and act on information in a way that is consistent with how they do business is critical to the independent advisor," said Jancsy. "The evolution of our technology remains grounded in our long-standing commitment to offer advisors access to an open architecture platform that allows them to choose the products and services that meet their distinct needs."

All-in-One Technology Platform

Working within Fidelity Advisor CHANNEL's integrated platform, advisors will be able to set-up, plan, manage and maintain client relationships through a single sign-on. The main point of access to Advisor CHANNEL^® will be the desktop, where high performance is critical for large, data-intensive tasks. Information also will be able to be viewed remotely by multiple advisors collaborating on a client's financial plan.

Fidelity Advisor CHANNEL is being developed on ".NET," a Microsoft Web-based industry standard, which allows for the seamless integration of different applications and capabilities as well as the rapid development of new ones to stay ahead of the competition. This standard also provides for the delivery of information to advisors anytime and anywhere.

Contact management and financial planning functionality, which is planned to be available in 2006, will not only provide advisors with an overview of each client's financial situation and contact history but also help them save time, since they no longer will need to reenter each client's information. Instead, they will have access to new automated processes that will expedite account opening and maintenance by transferring information directly from their contact management system and financial planning software. Also information will be shared among the different applications, decreasing the amount of re-keying.

To help advisors leverage the power of the platform, the new technology will be supported by extensive training and support, including Web-based conferences, regional training seminars and a simulator.

"The purpose of technology is to provide support and efficiency to a business," said Ann Smith, executive vice president of Retirement Advisors of America, Inc., based in Dallas. "Having technology that provides a main point of entry to all the information and resources I need to establish, plan and manage client relationships is paramount to the growth and success of my business. Fidelity's new technology will be what technology was meant to be; it will allow me to do what I need to do how, when and where I want to."

About Fidelity Registered Investment Advisor Group

Fidelity is the second largest provider of custody and brokerage services to the registered investment advisor marketplace, with $132.0 billion in assets on behalf of more than 2,600 advisors as of February 28, 2005. 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 $2.1 trillion, including managed assets of $1.1 trillion as of February 28, 2005. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 19 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, 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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IDS and EISI are independent companies and are not affiliated with Fidelity.

Retirement Advisors of America, Inc., is a client of Fidelity Registered Investment Advisor Group. Its business needs and results may not reflect the experience of other clients.

Clearing, custody or other brokerage services may be provided by National Financial Services LLC, or Fidelity Brokerage Services LLC, Members NYSE, SIPC.