Custody and Reporting

Asset Servicing

As a Fidelity client, you can simplify and streamline your operations while consolidating assets with a single custodian. Fidelity is one of the nation's most highly automated brokerage processing firms, offering the size, scalability, technology, and service experience that can help you strengthen your business.

Asset Protection

Brokerage accounts maintained with Fidelity Brokerage Services LLC ("FBS"), a Fidelity Investments company, are protected by the Securities Investor Protection Corporation ("SIPC") up to $500,000 (including cash claims limited to $100,000). For details, please see www.sipc.org. FBS has arranged for additional insurance protection for cash and securities to supplement its SIPC coverage. Neither coverage protects against a decline in the market value of securities.

Client Statements, Trade Confirms, and Tax Reports

Our periodic account statements summarize investment positions, transaction activities for the current period, and cost basis. Statements integrate brokerage assets, assets held in trust, assets held away¹, non-marketable securities, and cash management—all on one report. You can add your firm's branding onto the statement to reinforce your value-added relationship with your clients. What's more, we deliver electronic copies of your clients' confirms and statements to you for convenient viewing on our secure Web site. Our annual tax reporting and documentation services include tax lot accounting, a year-end summary statement, consolidated 1099 tax forms, and retirement Form 5498.

Tax Lot Accounting

Fidelity's tax lot accounting service is an easy-to-use tool that enables you to provide your clients with essential cost basis and gain/loss information on their nonretirement positions. This information can aid you in developing sound tax strategies for your clients.

Prime Brokerage Services

Fidelity Capital Markets' prime brokerage services let you consolidate custody of assets, while giving you the flexibility to access products, research, and services from other firms. Through Fidelity Capital Markets Services², you can avoid the complexity and expense of maintaining accounts at multiple brokerage firms, while offering centralized client account recordkeeping, consolidated, comprehensive statements and trade confirmations. ¹ Information for assets not custodied by Fidelity Brokerage Services LLC ("Assets Held Away") is provided by the investment advisor or outside parties and is included for information purposes only. These positions are not part of the end-client's brokerage account carried by Fidelity Brokerage Services LLC and therefore, any SIPC account protection afforded to the end-client's account through Fidelity Brokerage Services LLC does not cover these assets. Fidelity Brokerage Services LLC is not responsible for the information provided and does not guarantee the accuracy or timeliness of the assets or prices reported. ² Fidelity Capital Markets Services is a division of National Financial Services LLC, Member, NYSE, SIPC.

Cash Management and Lending

Due to the complex and often illiquid structure of their assets, your high-net-worth clients may have special cash management or borrowing needs. Fidelity offers services designed to help you meet those needs.

Individual Directed Brokerage Account

The Individual Directed Brokerage Account was designed to help you meet the needs of clients who may choose to create and manage their own investment portfolio. They can make trades, access one of the largest mutual fund supermarkets in the industry, and potentially benefit from account protection¹, while you are able to view their account and offer the benefit of your advice and trusted counsel on their investment decisions.

Brokerage Account

Our brokerage account serves as a financial organizer that enables your high-net-worth clients to manage their day-to-day finances from a single source. The account provides online access to account information through Fidelity.com; checking and debit card options, consolidated account statements; year-end tax documentation and a summary report; an optional margin feature, and more.

Collateral Accounts

Our collateral accounts program can help you quickly accommodate a client who may want to pledge securities held in his or her brokerage account as collateral for a third-party loan from a bank. Since the pledged securities are placed in a new separate brokerage account, you manage the rest of the portfolio without having to manually flag the collateralized securities.

Margin Borrowing

This powerful feature of our brokerage account offers your clients an opportunity to leverage the value of their existing portfolio to take advantage of investment opportunities or to meet immediate financial needs. By using existing securities as collateral, your client can establish a line of credit, at a preferred interest rate, that can be used for any purpose.²

Foreign Exchange Services

Successfully transacting a deal in a foreign country requires not only a sound knowledge of financial global markets, but also of the foreign exchange landscape. Through Fidelity FOREX, Inc., an affiliate of Fidelity Capital Markets Services³, you have access to a wide range of advisory and consulting services, including strategies for mitigating foreign exchange risk, hedging options and market timing, and comprehensive fundamental and technical analysis of global currency markets. ¹ Brokerage accounts maintained with Fidelity Brokerage Services LLC ("FBS"), a Fidelity Investments company, are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000 (including cash claims limited to $100,000). For details, please see www.sipc.org. FBS has arranged for additional protection for cash and covered securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities. ² Margin is extended by Fidelity Capital Markets Services. By electing overdraft protection, clients are requesting that NFS extend margin credit or a loan on their brokerage account. It is important that the client fully understand the risks involved in trading or borrowing against securities on margin. Please ensure they review the margin disclosure statement in their brokerage account application and agreement for more information. ³ Fidelity Capital Markets Services is a division of National Financial Services LLC, Member, NYSE, SIPC.

Personal Trust Services

As affluent Baby Boomers age, trust services are becoming integral in helping to manage assets and ensure the transfer of personal wealth to successive generations. Fidelity provides an array of trust services from fully outsourced solutions to specialized trust reporting to assist you in ensuring an orderly intergenerational transfer of your clients' wealth.

Administrative Trustee Services¹

If your client has a trust requiring a corporate trustee, co-trustee, or successor trustee, he or she can appoint Fidelity Personal Trust Company² as a corporate trustee. We assume custody, accounting, tax and discretionary responsibilities. You retain the investment management responsibilities and remain the primary relationship contact.

Agent for Trustee Services

As a trustee, you or your client may need assistance administering the trust, including complex accounting, recordkeeping, and tax-reporting requirements. The Fidelity Personal Trust Company can perform these services on the trustee's behalf. Your client may consider naming the Trust Company as successor trustee to step in at a future date.

Fidelity Reporting Services³

Provide your clients with the specialized reporting required for administering a trust. Your clients can get principal and income accounting, accrual calculations, tax lot accounting, marketable and non-marketable securities record-keeping, and reporting of assets held away⁴. You and your clients will be able to view, monitor, and track their investment portfolios.

Trustee Referral Program⁵

Have a client seeking a corporate trustee? Our Trustee Referral Program can help simplify the trust delegation process by generating and managing referrals to participating federally or state chartered, advisor-friendly trust institutions. The trust company accepts investment responsibility of your client's trust assets while you retain investment management responsibilities. ¹ Firms must have at least $50 million in assets under management, and meet certain other criteria to participate in the Administrative Trustee Services program. ² Fidelity Personal Trust Company is a federal savings bank and a Fidelity Investments company. Non-deposit investment products offered through the Trust Company and other affiliates of Fidelity Investments are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal. ³ Fidelity Reporting Services are provided by National Financial Services LLC and Fidelity Brokerage Services LLC. These firms also provide custody, accounting, and reporting, but do not provide fiduciary services to trustees of trust accounts. Under Fidelity Reporting Services, Fidelity will not review trust documents and does not provide advice to trustees. If a trustee desires to delegate or outsource any non-discretionary administrative functions of a trustee, Fidelity provides Agent for Trustee Services offered through Fidelity Personal Trust Company, FSB. ⁴ Information for assets not custodied by Fidelity Brokerage Services LLC ("Assets Held Away") is provided by the investment advisor or outside parties and is included for information purposes only. These positions are not part of the end-client's brokerage account carried by Fidelity Brokerage Services LLC, and therefore, any SIPC account protection afforded to the end-client's account through Fidelity Brokerage Services LLC does not cover these assets. Fidelity Brokerage Services LLC is not responsible for the information provided and does not guarantee the accuracy or timeliness of the assets or prices reported. ⁵ This service is provided as a convenience to you. In no event shall Fidelity's providing the names of certain trust company providers constitute an endorsement, recommendation, or opinion as to the quality or appropriateness of any trust company provider or the services they provide. You must conduct the evaluation and the due diligence you deem necessary to determine whether the Trustee is suitable for your needs. You are under no obligation to contact or engage any trustee.

Trust Custody

Let Fidelity serve as the custodian of your trust assets-we're one of the most experienced custodians in the business. While you manage trust assets, we act as their custodian and handle all of the administrative, reporting and fiduciary responsibilities. If you already have existing trust company relationships we can provide you with a powerful combination of integrated trust accounting and brokerage through our trust custody solution. You can choose from a fully disclosed or an omnibus custody model, depending on your needs and preferences. Fully disclosed custody will provide access to our comprehensive brokerage capabilities, while omnibus custody will aggregate your trading and settlement activity through a series of omnibus accounts linked to a master settlement account.

Contact a Fidelity Institutional Wealth Services representative: