Fidelity Investments has launched a wrap account service that allows banks to choose from hundreds of mutual funds.

Through its clearing arm, National Financial Services Corp., Fidelity introduced Fund Counselor, which offers a menu of 370 Fidelity and non- Fidelity no-load funds in addition to the portfolios a bank manages.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.