Fidelity is clamping down on third-party access to 401(k) plans, which will likely restrict outside advisors from managing clients\u2019 assets in those accounts.<\/p>\n
Fidelity said it would \u201cbegin taking steps to prevent platforms reliant on credential sharing from accessing and taking action in customer accounts held at Fidelity.\u201d<\/p>\n
This will be an issue for many fintech companies that specialize in giving advisors a way to access clients\u2019 accounts without having 401(k) participants give advisors their login credentials directly.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" Fidelity is clamping down on third-party access to 401(k) plans, which will likely restrict outside advisors from managing clients\u2019 assets in those accounts. Fidelity said it would \u201cbegin taking steps to prevent platforms reliant on credential sharing from accessing and … Continue reading