Research firm FE has appointed Fidelity FundsNetwork to power an execution-only platform.
The deal will see FundsNetwork provide custody, dealing and administration service for FE Trustnet.
FundsNetwork deputy head Paul Richards says: “We believe that FE Trustnet is uniquely placed to take advantage of this new opportunity. Their selection of FundsNetwork is testament to the strength of our platform engine and we look forward to working with them as they develop their new investment service.”
FE Trustnet commercial director Matt Surfleet says: “This will further develop the FE Trustnet site from the leading funds research, news and data hub into a comprehensive and cost-effective service, taking private investors on a journey that leads them to choose good investments.”
FundsNetwork also powers platforms for Brian Dennehy’s Fund Expert and Barclays Stockbrokers.