On March 13, Fidelity and BlackRock (BLK) announced that they are expanding the suite of iShares exchange-traded fund products available through Fidelity's brokerage platform. Since the two firms established their partnership three years ago, the number of passively managed iShares ETFs available commission-free on Fidelity's platform has risen to 30 from 25. Now the companies are more than doubling that lineup to 65 ETFs in total.
In addition, Fidelity is expanding access to the iShares lineup to new audiences. Registered investment advisors will be able to buy and sell the funds commission-free in their clients' accounts through the company's Institutional Wealth Services channel. The two firms are also collaborating to develop ETF wrap solutions, which will be available through Fidelity's Portfolio Advisory Services channel.