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In PWD coverage since August 19, 2026 · 12 stories

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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 6Betterment, Axos and Schwab court Fidelity clients hit by $100 million minimum

move · Oct 5Schwab offers an informal welcome to Fidelity's sub-$100 million custody clients

RIA · Oct 5Schwab says it already serves 11,000 sub-$100 million RIAs as Fidelity sets a deadline

move · Oct 2Fidelity gives custody clients under $100 million until June 2027 to move

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 raises RIA custody minimum to $100 million, setting a mid-2027 deadline

practice · Aug 21Schwab's branch push turns custodian into competitor

portfolio · Aug 21Schwab's crypto line forces advisors to pick a side

practice · Aug 19Schwab ends sub-$5-million RIA referrals starting in 2027

RIA · Aug 19Schwab ends sub-$5 million referrals to RIAs in 2027