In order to avoid a conflict of interest, FIS doesn’t assume a custodial role for client’s assets. Clients are free to choose where to hold their account(s). However, on behalf of their clients, FIS will open institutional account(s) at the following custodians: TD Ameritrade, Charles Schwab, TIAA, and ByAllAccounts.
FIS is an approved investment advisor of Dimensional Funds Advisors (DFA) mutual funds. Starting in 1981 and through its work with leading financial economists and the academic community, DFA became world famous for its “evidence-based” low-cost mutual fund construction. DFA coined the term, “science of investing,” basing its investment philosophy on decades of unbiased, peer-reviewed research and evidence proven to build long-term wealth.