Meth Continues Focus on Delivering Leading-Edge Products
Designed to Help Broker/Dealers Drive Growth

BOSTON, October 12, 2006 - As it continues to strengthen its position as a leading provider of integrated brokerage solutions to retail and institutional broker/dealers, National Financial, a Fidelity Investments company, today announced that Jody Meth has joined the firm as executive vice president of product management and development. Meth brings 25 years of securities industry experience to National Financial, including responsibility for product management functions, as well as operations, sales and client service.

In this role, Meth will lead National Financial's extensive product management efforts. She will have a particular focus on expanding the firm's product development and support efforts to more closely align with each client's needs, as well as furthering the firm's best practices in deploying new products. She also will ensure that product development efforts are appropriately integrated with Streetscape^®, National Financial's powerful workstation, and will continue establishing strategic relationships with third party alliances, such as Envestnet and Reuters, to offer broker/dealers access to technology, products and services. Meth will report to Norman R. Malo, president and chief executive officer of National Financial.

"Broker/dealers are demanding more from their clearing firms than ever before, including access to industry-leading products, such as managed accounts, that can help them uncover new business opportunities," said Malo. "We work consultatively with clients to identify and understand their distinct needs, and then orchestrate solutions that are designed to deliver the results they require.

"Jody's extensive experience, including her strong focus on delivering client-driven results, further strengthens our organization's ability to offer broker/dealers the technology, product and service solutions they need to drive growth, create efficiency and manage risk," continued Malo.

Meth joins National Financial from JPMorgan Chase, where she was senior vice president, Worldwide Securities Services. In this position, Meth was responsible for managing a diverse portfolio of asset servicing and institutional trust businesses. Prior to this, Meth was with Bankers Trust Corporation from 1986 to 1999 in a variety of senior product development positions. She began her career with the Federal Reserve Bank of New York, where she held a range of management and analytical positions.

About National Financial

National Financial, a Fidelity Investments company, offers Integrated Brokerage Solutionssm to approximately 350 clients ranging from retail broker/dealers to institutional investment firms. Collectively, National Financial's clients have more than 70,000 brokers. As of August 31, 2006, National Financial custodied over $609 billion in assets representing more than 5.2 million customer accounts. Integrated Brokerage Solutions incorporates innovative technology, products and programs, supported by dedicated client service professionals and trusted industry partners. This holistic, solutions-oriented approach is designed to help client firms attain competitive advantage by driving growth, creating efficiency and managing risk. For more information about National Financial and Integrated Brokerage Solutions, please visit www.nationalfinancial.com.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $2.7 trillion, including managed assets of over $1.3 trillion as of August 31, 2006. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 22 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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National Financial Services LLC. Member NYSE, SIPC