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Asset Management

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Fidelity Allows Investors To Manage Cash Through Mobile Brokerage Apps

Clients can move money using the iPhone, iPad or Android.

Fidelity Investments announced that its clients can now pay bills, move money and deposit checks using Fidelity's mobile brokerage apps for the iPhone, iPad and Android devices.

Currently, retail clients can use Fidelity MobileSM apps to access their Fidelity account information and watch lists; stay updated on domestic and world markets via up to the minute third party news; receive real time quotes; compare the performance of multiple stocks on one screen with interactive charting capabilities; and trade stocks, options, ETFs and mutual funds via an intuitive trade ticket.

Investors working with independent registered investment advisors (RIAs) on Fidelity Institutional Wealth Services brokerage platform will also be able to leverage the same Fidelity MobileSM functionality, Fidelity said in a release.

"For more than a decade, Fidelity has been a leader in mobile brokerage technologies and our powerful new apps have been a big hit with clients who want to check their account balances, get quotes, see breaking news, and make trades from wherever they happen to be," said James C. Burton, president of Fidelity's retail brokerage business. Fidelity wanted to further enable clients to leverage mobile capabilities to now manage cash, deposit money, and pay bills on the go." Mobile Check Deposit allows clients to take a picture of a check with their iPhone or Android camera and immediately send it to Fidelity for deposit in a non-retirement account.

Fidelity BillPay on the iPhone, iPad and Android gives clients the ability to manage and pay bills on the go from their brokerage account and mySmart Cash Account.

Mobile Money Movement allows clients to easily move cash between eligible Fidelity accounts and to and from outside banks, the online brokerage said.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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