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

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read