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Alex Chalekian

In PWD coverage since October 1, 2026 · 6 stories

PWD coverage

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Fidelity ends custody for sub-$100 million RIAs, with June 2027 exit

Michael Kitces called the hard no bizarre, noting earlier minimum increases let small firms pay a fee to stay.

RIA · Oct 6Fidelity sets $100 million custody minimum; Betterment waives fees through 2028

move · Oct 1Fidelity tells sub-$100 million RIAs to leave, with no fee option to stay

The Close · Oct 1Fidelity extends its $100 million minimum to existing RIA custody clients

RIA · Oct 1Fidelity gives custody clients below $100 million until June 2027 to grow

move · Oct 1Fidelity gives sub-$100M RIAs until June 2027 to find a custodian