Next year may bring new fees for financial advisors who do business with Fidelity. A Tuesday WSJ article revealed that the Boston fund giant will now charge FAs to whom Fidelity refers high net worth clients from its discount brokerage program.

According to the WSJ, this is the first such charge for advisers who are active in Fidelity’s wealth adviser solutions program, but competitors Charles Schwab and TD Ameritrade already levy similar charges. The fee would be put into place starting 2010, and will apply to referrals of clients with a minimum of $1 million in investable assets.

This new fee structure will affect relatively few RIAs associated with Fidelity, as the firm reportedly refers high net worth clients to only about 125 advisers. 

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