Fidelity WealthCentral^SM Will Be First to Combine Leading Systems in Single Platform;
Fidelity Announces Agreement with Advent to Integrate Portfolio Management

BOSTON, October 23, 2007 -- Fidelity Investments today announced it is developing the industry's first Web-based wealth management platform that integrates Registered Investment Advisors' most critical operational systems, including portfolio management, customer relationship management (CRM) and financial planning, into one unified workstation.

Unlike any other platform in the industry, Fidelity WealthCentral^SM will make it easier for advisors to manage their business and client relationships by bringing together the information and tools that advisors need in one platform, eliminating the need for them to use multiple technology systems that aren't compatible with each other.

Fidelity also announced it has selected San Francisco-based Advent Software to provide its Advent^® Back Office Service (ABOS), which will deliver Advent Portfolio Exchange^® (APX) software as an outsourced solution and form a key part of the Fidelity WealthCentral platform. In addition to Advent, the WealthCentral platform will integrate products and services from Oracle and Emerging Information Systems Inc. (EISI), including Siebel CRM On Demand and NaviPlan, relationships that were announced earlier this year.

"Today, advisors must buy their various technology applications in a piecemeal fashion and then try and make the systems work together as best they can -- something that can be costly and extremely inefficient," said John W. "Jack" Callahan, president, Fidelity Institutional Wealth Services. "That's why Fidelity is investing $50 million in developing what we believe will be the strongest and most integrated platform in the industry -- helping address this critical market need."

WealthCentral's core applications -- CRM from Oracle, financial planning from EISI and portfolio management and reporting services from Advent -- will all be compatible with each other, allowing advisors to enter client information once, into one system, and have it automatically pre-populate and update across the platform's various applications.

Fidelity WealthCentral Raises the Bar

Fidelity WealthCentral will streamline an advisor's back-office through a single platform. The platform will offer advisors:

•		Access to market leading capabilities -- It will offer advisors access to leading applications, including CRM (Oracle's Siebel CRM On Demand), financial planning (EISI NaviPlan) and portfolio management (ABOS leveraging APX).
•		Streamlined workflows - Because information across the platform is shared between applications, advisors can avoid data re-entry. It will also offer single sign-on and allow advisors to pre-fill Fidelity forms, such as account applications.
•		Comprehensive client views -- It will be multi-custodial allowing advisors to see an aggregated view of each client relationship. Additionally, WealthCentral will be client-centric as opposed to account-centric, i.e., advisors access information by name and household relationships versus by account number.
•		Total Web-based solution -- The applications and data on Fidelity WealthCentral will be hosted on the Internet, saving advisors the cost of software and staff time needed to manage and upgrade software.
•		Centralized support -- Fidelity will serve as the single point of contact for service and support on all applications associated with the platform.

New Fidelity Research Shows Advisors Looking for Greater Efficiencies

According to new Fidelity research, two-thirds of RIAs view a single platform integrating all the functionality as "valuable" and half see it as "very valuable."¹ Fidelity also conducted in-depth individual interviews with Chief Operating Officers or other technology decision-makers at 30 RIA firms to better understand their technology and workflow needs.² These interviews reveal that RIAs are frustrated with the amount of time spent on manual administrative and repetitive tasks such as re-keying client data. Advisors also say that workflow solutions would boost their firms' efficiencies and the service provided to their clients, as well as impact the bottom-line through cost savings and revenue gains.

"Fidelity understands how important operational efficiencies are to the success of our business," said Jeff Palmer, senior managing director, Gries Financial LLC. "We are very excited about what they are building. Superior client service is dependent on our ability to access critical data quickly, reliably and pro-actively. Fidelity is doing it right, bringing together the very best technologies in a single, integrated platform. When Fidelity delivers on WealthCentral, the cost savings and efficiency gains should be substantial."

"Fidelity, in developing its new WealthCentral platform for RIAs, has partnered with three top-rated firms; Oracle for CRM, EISI (NaviPlan) for financial planning, and Advent for portfolio management and reporting," according to Celent wealth management analyst Robert J. Ellis. "By bringing these three offerings together in a web-based environment, Fidelity may be positioned to help advisors reduce their administrative time and technology support expenses so that they can focus on their clients."

WealthCentral will become available in late 2008. Prior to that time, advisors will be able to experience the benefits of the integrated Oracle and EISI applications via Advisor CHANNEL beginning in later this year, while ABOS will be available in early 2008. Information about Fidelity WealthCentral can be found at http://fiws.fidelity.com/wealthcentral.

Fidelity to Integrate Advent

Working closely with Advent's ABOS team, Fidelity will make APX available as an outsourced solution in WealthCentral, offering powerful portfolio accounting capabilities as well as enhanced data management functionality and daily reconciliation capabilities. ABOS will download, post, reconcile and manage advisors' client data from multiple custodians, on a daily basis. The availability of APX functionality through WealthCentral will also help advisors to integrate trading and portfolio management functions with CRM and financial planning tools, eliminate the need to re-enter or transfer client data across multiple platforms, create customized management reports, and access portfolio data anytime, anywhere through the internet.

"We have worked very closely with our clients on the development of WealthCentral to ensure we will be delivering something that will have a meaningful impact on their businesses," said Callahan. "We are confident that WealthCentral will transform the way advisors approach their business, and in the end, help them to thrive and grow more profitably."

About Fidelity Institutional Wealth Services

Fidelity Institutional Wealth Services is a leading provider of trading, custody and brokerage services to Registered Investment Advisors, Trust Institutions and Third Party Administrators. The company is able to leverage the capital, resources and expertise of the Fidelity organization, one of the world's largest financial services companies, on behalf of its clients. This includes access to a comprehensive set of products and services, innovative investment tools and research, an integrated brokerage and trust platform, and dedicated client service professionals -- all designed to help its clients thrive by growing their businesses, more effectively meeting customer needs, and enhancing operational efficiency and profitability. Fidelity Institutional Wealth Services custodies more than $290 billion in assets on behalf of over 3,800 clients, as of June 30, 2007. For more information about Fidelity's services, please visit http://fiws.fidelity.com.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $3.3 trillion, including managed assets of more than $1.5 trillion as of September 30, 2007. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to more than 23 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, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

About Advent

Advent Software, Inc. (www.advent.com), a multi-national firm, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $14 trillion. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.

¹The survey was conducted on the phone between May 29 and July 6, 2007 with firms representative of the RIA marketplace (not necessarily Fidelity clients) and received completed responses from 436 RIA firms, each with at least $25 million in total assets under management. Data are representative of the RIA marketplace with at least $25 million in total assets under management, with a margin of error of +/-5%. Fidelity was not identified as the sponsor.

²The interviews were conducted with marketplace-representative RIA firms, not necessarily Fidelity clients. Fidelity was not identified as the study's sponsor.

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Advent, Oracle, EISI 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, Member NYSE, SIPC.