Fidelity Investments' digital advice platform for financial advisers to use with clients will integrate some of eMoney's basic financial planning tools and will be available in March 2017 for a small number of advisers to test, the firm said.
A full rollout to all advisers is expected by June next year, and though pricing has not yet been set, it will be competitive with similar services, Fidelity executives said at the Inside Track conference for advisers in New York on Tuesday.
Advisory firms will be able to customize the risk questionnaires that their clients complete through the robo platform. They'll also pick the range of portfolios, all from sub-adviser Geode Capital Management, that clients can choose to invest their funds.
Fidelity's Automated Managed Platform will allow the adviser to remain the investment adviser on the account and the digital onboarding, goal-setting and monitoring that clients experience will be powered by eMoney. Fidelity bought eMoney in early 2015.