Fidelity Investments and SunGard Data Systems have agreed to integrate Fidelity's registered investment advisor group brokerage services with SunGard's transaction-processing network to create a platform for wealth management.

Fidelity will provide brokerage, custody and clearing services for around 600 financial intermediary customers of the SunGard Transaction Network, who currently manage about $100 billion of client assets, under the terms of the deal.

Fidelity's 170 bank-trust and third-party administrator customers and financial intermediaries such as bank-trust departments, will have access to SunGard’s trade automation and record-keeping systems.

Under the terms of the agreement, Fidelity and SunGard will jointly market and distribute the service to other financial intermediaries.

Fidelity and SunGard have collaborated previously on asset-management systems for Fidelity's business clients.

The Fidelity Investments registered investment advisor unit has about $210 billion in assets in custody for 3,100 registered investment advisors, and 170 bank-trust and third-party administrative firms.