According to Odaily Planet Daily, Fidelity Investments will impose new fees on ETFs issued by nine companies including Simplify Asset Management Inc. and AXS Investments to meet the cost of listed products. The new fee schedule will take effect on June 3, with investors facing a $100 service fee when placing buy orders on a range of exchange-traded strategies. The new fees apply to a small number of firms that do not participate in Fidelity maintenance arrangements, including Day Hagan, Sterling Capital, Cambiar, Regents Park, Rayliant, Adaptive and Running Oak. The list of surcharge-eligible ETFs will be updated regularly and may change before the plan takes effect, the document said. The initial list of fees represents less than 0.5% of the mutual funds and ETFs available to investment advisors on Fidelity's platform.