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Fidelity gives RIAs real-time fractional trading despite little evident demand, while rival Schwab demurs, yet just filed to launch $100k-minimum direct indexing in 2022

Like with digital assets, the Boston giant is dangling the nascent service with faith that RIAs will seize the opportunity but its Westlake, Texas, rival wants to see better evidence of demand before prioritizing such a big push on its institutional platform.

Author Brooke Southall October 6, 2021 at 9:34 PM
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Matt Goulet: Why would we not want to do this?

Fidelity Investments

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Charles Schwab & Co.

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Fidelity Institutional



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