Investing
Fidelity Broadens Fractional-Share Feature to Financial Advisers
- The practice contributed to retail-trading boom for brokerages
- It may appeal especially to customers with smaller accounts
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Fidelity Investments, one of the world’s biggest money managers, will allow financial advisers to buy fractional shares of stocks and exchange-traded funds, a year after offering the feature to individual investors.
“It’s a first step in a really big commitment we have to offer greater personalization tools for financial advisers,” Matt Goulet, Fidelity’s senior vice president of portfolio solutions, said in an interview.