Fidelity Investments has opened the doors to Fidelity Family Office Services to registered investment advisors catering to ultra high-net-worth individual and family clients with investable assets of $50 million or more.

FFOS provides custody, brokerage and investment services to single family offices. As of September 30th it had more than 120 family office clients and $20 billion in assets.

“Working solely with single family offices provides us with significant insight into their particular investment and service needs,” Edward Orazem, president of FFOS, said.

The new offering complements the support Fidelity has been providing RIAs that serve as multi-family offices.

In addition to custody and brokerage services, the new offering also provides a dedicated relationship management team and investment analyst/trader, and an open architecture reporting system. 

Clients of advisors signed on to FFOS will also be able to attend private events designed to network with family offices and share best practices.

In addition FFOS provides trust, partnership accounting, private foundation services and general ledger export services.

“The typically complex account structures and sophisticated investment needs of ultra high-net-worth families often require advisors to offer a more advanced set of solutions,” Michael Durbin, president of Fidelity Institutional Wealth Services, said.

So far three RIA firms of Fidelity Institutional Wealth Services have signed on and Fidelity is talking to 50 more.