BOSTON Fidelity Investments is expanding its roster of wealth management services for clients who have more than $500,000 of assets with the company.
The company announced Tuesday that it plans to open nine new branches this year. Two of these, in New York and Chicago, will serve clients by appointment only a first for Fidelity.
It will also increase the level of service available through its Premium Services program for clients with at least $500,000 invested, and its Private Access program, for clients with portfolios of at least $3 million. Fidelity is expanding its separate account management program to include individual fixed-income securities as a component of its Private Portfolio Services asset management service. It is also adding to the services available to investment advisers who use Fidelity for their high-net-worth clients.
In July Fidelity will introduce several offerings, including a structured equity products program, a bundled separate account management program, and a multimanager separate account supermarket.