Custodian Sync

Schwab and Fidelity in Sync. Without the Spreadsheet.

Milemarker Relay normalizes data from Schwab and Fidelity — account information, positions, transactions, transfers — and routes it to every system that needs it. One unified view, automatically maintained.

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No-code builder · 400+ integrations · SOC 2 Type II · Wealth management-native

The Problem

Two custodians. Two formats. One daily headache.

Schwab and Fidelity use different data formats, different field names, and different delivery schedules. Reconciling them manually — matching positions, resolving discrepancies, and keeping downstream systems current — is a daily burden for ops teams that should be focused elsewhere.

Milemarker Relay automates the flow. Data from both custodians is normalized into a consistent structure and routed to every system that needs it — automatically, on schedule or in real time, without a spreadsheet in sight.

What You Can Automate

Six custodian sync workflows you can automate today

These are the integrations wealth management ops teams build first when connecting Schwab and Fidelity with Milemarker Relay.

Data normalization

Milemarker Relay translates Schwab and Fidelity field names, formats, and identifiers into a single consistent schema — so every downstream system receives the same structured data regardless of custodian.

Position sync

Holdings and valuations from both Schwab and Fidelity are unified and pushed to CRM, reporting platforms, and client portals — keeping every view of a client's portfolio current and reconciled.

Transaction routing

Buy, sell, and dividend transactions from Schwab and Fidelity are captured and routed to accounting, compliance, and reporting systems automatically — no manual re-entry required.

Transfer status tracking

ACATS and internal transfer events from both custodians are tracked and surfaced to ops teams and advisors in real time — so nothing falls through the cracks during account transitions.

Account opening workflows

New account data from Schwab and Fidelity triggers onboarding workflows automatically — creating CRM records, notifying advisors, and initiating compliance review without manual kickoff.

Exception alerting

When positions fail to reconcile, transfers stall, or data arrives outside expected windows, Milemarker Relay fires exception alerts to the right people — with enough context to resolve the issue fast.

Common Questions

Custodian sync questions answered

Does Milemarker Relay sync Schwab and Fidelity data in real time or in batches?

Milemarker Relay supports both real-time event-based triggers and scheduled batch syncs from Schwab and Fidelity. You can route account changes and transaction data the moment they are available or process custodian data files on a defined schedule — depending on what your downstream systems support.

What data from Schwab and Fidelity can Milemarker Relay normalize and route?

Milemarker Relay normalizes account information, positions, transactions, transfers, and account opening data from both Schwab and Fidelity — routing it to CRM, reporting, compliance, and other systems in a consistent, unified format regardless of which custodian it originated from.

How long does it take to set up Schwab and Fidelity sync with Milemarker Relay?

Most custodian sync workflows go live in days, not months. Milemarker Relay's visual builder lets your ops team define triggers, normalization rules, and destinations without engineering resources. Milemarker's implementation team supports the initial setup and configuration.

Does Milemarker Relay only work with Schwab and Fidelity, or can it connect other custodians too?

Milemarker Relay connects 400+ systems. While this page focuses on Schwab and Fidelity, Milemarker Relay also integrates with Pershing, Apex, TDA legacy data, and other custodians — so you can unify your entire custodian data layer regardless of which firms your clients use.