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Managed Accounts

You can partner with Fidelity to manage all or part of your portfolio. No matter what type of managed account you choose, you will work closely with a Fidelity representative and receive a host of personal services.

We offer two types of professionally managed accounts

Whether you need help managing your entire portfolio or just a piece of it, we can help you reach your specific investing goals.

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Diversified portfolios

For investors who want a mix of stocks, bonds, and other investments

A portfolio that invests for retirement and other goals1
Fidelity Portfolio Advisory Service®

A portfolio focused on tax-sensitive investing2
Fidelity® Personalized Portfolios

A portfolio that seeks income primarily through exchange-traded funds3
BlackRock® Diversified Income Portfolio

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Separately managed accounts

For investors who want to add an equity or bond component to their portfolio

EQUITY STRATEGIES

A strategy that seeks to deliver growth and dividend income4
Fidelity® Equity-Income Strategy

A strategy that seeks index-like returns while managing for taxes2
Fidelity® Tax-Managed U.S. Equity Index Strategy

BOND STRATEGIES

A portfolio that seeks to limit risk to principal and earn federally tax-exempt interest income5
Breckinridge Intermediate Municipal SMA

What you can expect

  • Highly skilled investment professionals who will actively manage your money
  • A portfolio that maintains a level of risk consistent with your investor profile
  • A team of analysts who do all of the investment research for you
  • A dedicated team of experienced managed account professionals working on your behalf
  • Customized communications to keep you informed of all account activity and performance
  • An annual review to ensure your investment strategy is still appropriate

See how we can help

Learn how we can help meet your investment needs based on your personal financial goals.

How to get started

Here's what you need to do to open a managed account with Fidelity.

Questions?

1. This program is not managed for tax sensitivity.
2. Fidelity® Personalized Portfolios and the Fidelity® Tax-Managed U.S. Equity Index Strategy apply tax-sensitive investment management techniques (including tax-loss harvesting), at its discretion, primarily with respect to determining when assets in a client's account should be bought or sold. As a discretionary investment management service, any assets contributed to an investor's account that the personalized portfolio does not elect to retain may be sold at any time after contribution. An investor may have a gain or loss when assets are sold.
3. The BlackRock Diversified Income Portfolio is composed of exchange-traded products (ETPs)—primarily exchange-traded funds (ETFs)—but may contain other investment vehicles such as mutual funds.
4. For taxable accounts, Fidelity® Equity-Income Strategy may apply tax-sensitive investment management techniques on a limited basis at Strategic Advisers' discretion, primarily with respect to determining when assets in a client's account should be bought or sold. As a discretionary investment management service, any assets contributed to an investor's account that Fidelity® Equity-Income Strategy does not elect to retain may be sold at any time after contribution. An investor may have a gain or loss when assets are sold.
5. All investment strategies, including the investment strategy of the Breckinridge Intermediate Municipal SMA, involve the risk of loss of a portion of or all assets. In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties.
As with any investment, your investment through the Breckinridge Intermediate Municipal SMA could have tax consequences for you.
The Breckinridge Intermediate Municipal SMA seeks to earn income exempt from federal income tax. Income exempt from federal income tax may be subject to state or local tax. A portion of the income you receive may be subject to federal and state income taxes and may also be subject to the federal alternative minimum tax. You may also receive taxable income attributable to the sale of municipal bonds, because certain income, including short-term capital gains and gains on the sale of bonds characterized as market discount, are generally taxable as ordinary income, while long-term capital gains are typically taxable as capital gains. The municipal market can be affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. Such changes can affect the tax treatment of municipal bonds. Investing in municipal bonds for the purpose of generating tax-exempt income may not be appropriate for investors in all tax brackets or account types. Tax laws are subject to change and the preferential tax treatment of municipal bond interest income may be removed or phased out for investors at certain income levels. You should consult your tax advisor for questions pertaining to your specific situation.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Strategic Advisers, Inc., and Breckinridge Capital Advisors, Inc., are independent entities and are not legally affiliated.

Strategic Advisers, Inc., and BlackRock Investment Management, LLC, are independent entities and are not legally affiliated. Strategic Advisers, Inc., is the investment manager for client accounts and implements trades for the accounts based on the model portfolio of investments it receives from BlackRock Investment Management, LLC. Strategic Advisers may select investments for an account that differ from BlackRock Investment Management's model.

Fidelity Portfolio Advisory Service , BlackRock Diversified Income Portfolio and Fidelity Strategic Disciplines are services offered through Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. Fidelity® Strategic Disciplines includes the Breckinridge Intermediate Municipal Separately Managed Account, Fidelity® Equity-Income Strategy, and the Fidelity Tax-Managed U.S. Equity Index Strategy. Fidelity Personalized Portfolios may be offered through the following Fidelity Investments companies: Strategic Advisers, Inc.; Fidelity Personal Trust Company, FSB ("FPTC"), a federal savings bank; or Fidelity Management Trust Company ("FMTC"). Non‐deposit investment products and trust services offered through FPTC and FMTC and their affiliates are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal. These services provide discretionary money management for a fee. 

Brokerage services are provided by Fidelity Brokerage Services LLC. Custody and other services are provided by National Financial Services LLC. Both are Fidelity Investments companies and members of NYSE and SIPC.

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Call us at 800-544-1766
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After reviewing your investor profile, we'll send you a complimentary investment proposal.

Keep in mind, investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
All information is confidential. Learn about our security.
Strategic Advisers, Inc., and BlackRock Investment Management, LLC, are independent entities and are not legally affiliated. Strategic Advisers, Inc. is the investment manager for client accounts and implements trades for the accounts based on the model portfolio of investments it receives from BlackRock Investment Management, LLC. Strategic Advisers, Inc. may select investments for an account that differ from BlackRock Investment Management, LLC's model.
Fidelity Portfolio Advisory Service®, BlackRock® Diversified Income Portfolio and Fidelity® Strategic Disciplines are services offered through Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments Company. Fidelity® Personalized Portfolios may be offered through the following Fidelity Investments companies: Strategic Advisers, Inc., Fidelity Personal Trust Company, FSB ("FPTC"), a federal savings bank, or Fidelity Management Trust Company ("FMTC"). Non-deposit investment products and trust services offered through FPTC and FMTC and their affiliates are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal. These services provide discretionary money management for a fee.
Brokerage services are provided by Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI 02917. Custody and other services provided by National Financial Services LLC. Both are Fidelity Investment companies and members SIPC, NYSE.
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