Pontera Courts Regulators for 401(k) Data Access After Fidelity's 2024 Ban

1 articles · Updated · RIABiz · Jun 24

Pontera has shifted from publicly attacking Fidelity to lobbying state regulators and industry groups for a "common-sense" framework that would expand advisor access to 401(k) data.
The pivot follows Fidelity's 2024 ban on password sharing, which undercut Pontera's original access model and convinced analysts that a direct legal or public fight was unwinnable.
At the 2026 NASAA Symposium, new public-policy lead Kajal Patel pitched the issue as consumer choice, data portability and better retirement outcomes rather than a narrow dispute over credential sharing.
Pontera is pairing that softer message with ecosystem support: 484 RIAs disclosed using it in 2025, up from 251 in 2024, and Orion integrated its platform in April.
Regulatory backing remains uneven, with Delaware rejecting any suggestion it supports Pontera, while critics argue many advisors already manage 401(k)s holistically without needing direct, real-time account access.