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Fidelity Aligns with Accountants

Fidelity Investments Institutional Brokerage Group of Boston will exclusively provide custody and clearing services for the American Institute for Certified Public Accountants of New York, Fidelity announced last week.

In addition to back-office services, Fidelity will provide AICPA members brokerage, business development and educational resources, said Bob Mazzarella, president of Fidelity Investments Institutional Brokerage Group.

The alignment will provide a new distribution channel for Fidelity, said Barry Melancon, president and CEO of AICPA.