The hybrid market is one of the fastest growing segments of financial advisers in the United States, with the majority of all brokers and advisers managing some combination of commission and fee business, according to a press release. The system will give broker/dealers, registered investment adviser (RIA) firms, and individual brokers and advisers in the hybrid space access to the investment products, technology, practice management support and service to manage their clients’ commission- and fee-based accounts.
HybridOne was jointly launched by Fidelity Investment’s RIA custody business, Fidelity Institutional Wealth Services, and Fidelity’s broker/dealer arm National Financial.
“The hybrid market has emerged as a major trend only over the last few years,” said John W. “Jack” Callahan, president, Fidelity Institutional Wealth Services. “As this market grows and evolves, we are working with our dually registered clients to deliver the strongest solution in the industry by continually investing not only in the technology, investment products, and services that meet the distinct needs of this segment, but also in the people and processes to ensure a superior client experience.”
More information is available at www.FidelityHybridOne.com.