Fidelity Clearing & Custody Solutions’ (FCCS) broker-dealer clients will now have access to 70 commission-free iShares ETFs in non-commission-based managed accounts, in addition to the 15 Fidelity-managed commission-free ETFs it already offers.
Fidelity now provides its broker-dealer clients with the most comprehensive commission-free ETF offering in the marketplace.
Through Fidelity’s 15 ETFs, which includes 11 passive sector ETFs, three active fixed income ETFs and the Fidelity Nasdaq Composite Index ETF, and its strategic relationship with BlackRock which includes an additional 70 commission-free iShares ETFs, FCCS clients have access to – and preferred pricing for – a broad selection of ETFs across a range of asset classes: sector-based, international and domestic equity, fixed income and commodities, covering more than 50 different Morningstar categories.
“Delivering our broker-dealer clients access to our commission-free lineup of Fidelity and iShares ETFs has been a priority since we launched the offering,” says Mark Haggerty, head of product for Fidelity Institutional. “We now offer broker-dealers a comprehensive suite of investment products and solutions which enables them to efficiently evaluate and incorporate these investments into their clients’ portfolios.”
FCCS clients have access to a range of investment products integrated into its platform, including managed accounts, ETFs, mutual funds and alternative investments.