Company
Fidelity Investments is a major U.S. financial services firm offering brokerage, asset management, retirement, and custody services, including ETFs.
Schwab executives said wealth advisory net flows grew 55% in the third quarter, in a division with about 2% of a $37 trillion advice market. Consultant Tim Welch says the firm is shrinking its RIA referral program while it builds a competing offer.
Reality
Fidelity counted a record 769,000 401(k) millionaires in the second quarter, up 19% on the quarter and 30% on the year. They are 3% of the savers in its plans, and a 19% jump in one quarter points to balances crossing $1 million as much as to saving.
Reality
US spot Bitcoin ETFs took in about $3 billion between September 17 and 25, enough to push 2026 net flows back above zero. The year's resulting cushion, about $934 million, is under 1% of the roughly $105 billion to $110 billion the funds hold.
Reality
US bitcoin and ether ETFs shed about $965 million in two sessions as ether funds logged an eighth straight day of redemptions. Most of Thursday's selling sat in Fidelity's FBTC and BlackRock's ETHA, consistent with a few large holders trimming positions.
Reality
Fidelity is giving advisory firms with less than $100 million on its custody platform until June 30 to move their accounts elsewhere. For firms that use Fidelity as their only custodian, the move means months of repapering client accounts, American Banker reported.
Reality
Arkham Intelligence says 3,568 bitcoin tied to a viral claim of a $197 million Fidelity sale moved inside Fidelity Custody on Sept. 29 and were not sold. Fidelity holds coins in those wallets for institutional clients, so a large on-chain transfer cannot by itself show who is selling.
Reality
Fidelity will require RIAs already on its custody platform to hold at least $100 million there by June 30, 2027, or leave. AdvizorPro data counts about 1,150 firms below that line, The Daily Upside reported, while Fidelity puts the number at a few hundred.
Reality
Plume launched nBND, an onchain vault backed mainly by shares of FBND, Fidelity's $26.6 billion multi-sector bond ETF. It brings duration and credit risk to tokenized fixed income, though Plume has not said how many shares the vault holds.
Perspective Coverage
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Vanguard says 51% of its 401(k) participants earning $150,000 or more maxed out last year, down from 60% in 2018. For employers, the open question is whether senior staff are leaving the plan or trimming what they defer above the company match, and the one case reported in detail is a trim.
Reality
Fidelity has set a $100 million asset minimum for RIA clients, whose median firm already runs $328 million, according to AdvizorPro. Advisers below the line can pool assets through a consolidator, move to another custodian or grow, and each route has a cost.
Reality
RQD's $74 million Bain-led raise was focused on international clearing, Datos Insights analysts say, as Fidelity moves to drop smaller RIAs. Fidelity's July 2027 cutoff at $100 million held with it gives a lift to an RQD adviser business of roughly 50 clients.
Reality
Fidelity's plan to drop custody clients under $100 million has Schwab, Axos and Betterment courting advisors who have to move assets by June 30, 2027. The only offer with published terms loses value each month an advisor waits.
Reality
Vanguard says the share of $150,000-plus earners in its plans hitting the 401(k) max fell to 51% from 60% in 2018 as limits and incomes rose. Planners say savers who keep the employer match are sending the next dollar to Roth IRAs and brokerage accounts, so the advice now turns on where the money sits.
Reality
US spot bitcoin ETFs lost a net $89.9 million on Monday as $159.8 million left ARKB and Fidelity's FBTC while BlackRock's IBIT took in $69.85 million. One session that followed about $293 million of inflows is thin evidence that buyers are settling on a single fund.
Reality
Kioxia's margin buying balance stands at 848.7 billion yen at cost, according to Nikkei, with the stock at half its June peak. Nikkei's loss estimate puts that book only about 6% under water, so deadline selling pressure falls on those who bought near the top.
Reality
BlackRock's IBIT took in $450 million last week while all US spot bitcoin ETFs together netted $241 million, about 90% less than the week before. That keeps a three-week inflow streak alive on one fund's buyers heading into October.
Reality
Betterment will charge RIAs 0.20% on custody assets under $10 million and 0.12% above that from Jan. 1, with a negotiated rate past $100 million. Setting the rate by assets held at Betterment pays advisers to move a bigger slice there while Schwab or Fidelity keeps the main book.
Reality
The largest acquisition in Vanguard's history is a distribution deal with a second target: the net interest income rival custodians earn on client cash.
Perspective Coverage
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Nine sessions of buying since August 17 pulled $1.42 billion into US spot Ethereum funds, and $1.02 billion of it landed in one BlackRock product, which makes this a distribution story before it is a conviction story.
Reality
Twenty-one institutions have set a first-half-2027 date for a jointly issued dollar token. The float arithmetic points to a different motive: defending settlement flows, not earning on reserves.
Perspective Coverage
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Invest · September 22, 2026 · Confirmed3 publishers