Betterment waives full wrap fee for RIAs at Fidelity
The waiver carries a June 30, 2027 signing deadline, as Axos courts Fidelity clients and Schwab counts 11,000 sub-$100 million RIA relationships.
At a glance
Betterment said it will waive 100% of its wrap fee for RIAs that custody at Fidelity and sign by June 30, 2027.
Fidelity is extending its $100 million custody minimum to 986 existing RIA relationships.
Schwab says it already serves 11,000 RIA relationships below $100 million in assets, and that those relationships have no terms in writing.
Betterment said it will waive 100% of its wrap fee for RIAs that custody at Fidelity and sign by June 30, 2027. The offer applies only to firms already custodied at Fidelity.
Axos is targeting every advisor who custodies at Fidelity.
Fidelity is extending its $100 million custody minimum to 986 existing RIA relationships.
Schwab says it already serves 11,000 RIA relationships below $100 million in assets, and that those relationships have no terms in writing.
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