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FA Mag

Fidelity First Custodian To Offer A ‘Robo’ Platform To Advisors

By Joel Bruckenstein

Fidelity Institutional Wealth Services announced this morning that it plans to refer advisors looking for a “robo-advisor” platform to Betterment Institutional.

“It is awesome that Fidelity was progressive enough to be the first,” said Steven D. Lockshin, chairman and founder of Convergent Wealth Advisors, with $9.4 billion in assets and offices around the country. Something of a serial entrepreneur in addition to running an RIA, Lockshin is a major investor in Betterment.

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This article originally published October 15th, 2014 on FA Mag.