Fidelity Institutional announced Monday it has reached $100 billion in managed account assets on its web-based Envestnet Inc. platform.
The growth on Fidelity’s managed account platform is twice that of the overall industry rate, according to a statement from the two companies.
Fidelity cites three reasons to explain why its managed account platform is growing so fast.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
