What Fidelity's AUM hike means for RIAs and rival custodians
A wealth professional may want the discussion because it examines how a custodial minimum can affect smaller RIAs and the competitive landscape among custodians.
Summary
By the running an ria deskThe episode discusses Fidelity raising its custodial minimum to $100m and giving RIAs until June 30, 2027, to meet it or face removal from the platform. It covers what the change could mean for hundreds of RIAs, rival custodians and the definition of a small wealth manager. The team also shares takeaways from a week in Austin hosting CEOs and CIOs from fast-growing RIAs.
- Fidelity has raised its custodial minimum to $100m.
- RIAs have until June 30, 2027, to meet the requirement or face removal from the platform.
- The episode says the move has ramifications for hundreds of RIAs and rival custodians.
- The team also discusses takeaways from hosting CEOs and CIOs from fast-growing RIAs in Austin.
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