Fidelity has been undertaking an experiment with financial planners recently, launching a program that will refer wealthy clients to wealth advisors. This has stoked talk about what its intentions are. Obviously, Fidelity could generate a lot in referral fees if it ever went whole-hog with such a program. Most think the program will expand slowly and the company says retirement plans are coming. But this is Fidelity we're talking about, so your have to wonder if perhaps it would like to own some wealth management firms and really capture that business. It would not be stretch for the fund giant to acquire some choice properties. It may be that customers want a choice of manages, whether Fidelity-owned or not. There are a lot of possibilities.

For more:
- read the Boston Business Journal article

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