Fidelity joins the party: How vertically integrated firms are shaping up in 2021

clock • 6 min read

After the recent launch of Fidelity Wealth Management, Jon Yarker takes a look at how the vertically integrated financial advice market is shaping up and the challenges those firms face in 2021...

We were less than two weeks into 2021 when Fidelity International became the latest fund group to start offering financial advice and another vertically integrated enterprise was born. Called Fidelity Wealth Management, the proposition joins the likes of Standard Life, Aviva, Foster Denovo, Tavistock, Quilter and St. James's Place. The benefits of encompassing advice, platform, and investments under one roof makes sense on paper but, with the uncertainties of a recession, what could 2021 hold for these firms with many of which have struggled to achieve profitability in past years? "I ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read