Portfolio Advisory Services

Whether you want help with retirement, managing taxes on your investments, comprehensive wealth management, or other goals, we can help. Available through Fidelity® Wealth Services, this range of diversified managed accounts can help simplify the complexities of investing.

Choose the investment strategy that best fits your investment preferences, goals, or other financial needs.

Diversified Investment Strategy

  • A broadly diversified mix of investments across asset classes aligned to your goals, comfort level with risk, and time horizon
  • Accounts may be constructed with mutual funds, including some funds available only to managed account clients, exchange-traded products, or a combination of the two
  • Ability to customize based on you and your investment preferences

Minimum investment

$50,000


Advisory fee

0.50%–1.50%*

(varies based on total assets invested)

Investment approach options

  • Total return portfolios seek enhanced overall returns for a given level of risk
  • Defensive portfolios seek to temper downside risk in an effort to provide a smoother investment experience over the long term

Investment selection options

  • Blended — A portfolio constructed from a broad universe of investments from both Fidelity and other fund companies
  • Fidelity-Focused — A portfolio constructed using investments managed by Fidelity where possible
  • Index-Focused — A portfolio constructed with index-based investments where possible

Investment team

Fidelity Personal and Workplace Advisors LLC has engaged Strategic Advisers LLC (Strategic Advisers) as the portfolio manager of Program accounts. Strategic Advisers LLC will actively manage the model portfolio using its disciplined, research-driven approach.

Learn more about Strategic Advisers


FAQs

  • Who is this service appropriate for?

    This service may be right for individuals who'd like a team of professionals to manage their money in pursuit of retirement or other large, long-term goals.

  • Who manages my money?

    Fidelity Personal and Workplace Advisors LLC (FPWA), has engaged Strategic Advisers LLC, a registered investment adviser and a Fidelity Investments company, to provide the day-to-day discretionary portfolio management of Fidelity Portfolio Advisory Services accounts, including investment selection and trade execution, subject to FPWA's oversight and monitoring.

  • What kind of investments can I expect in my account?

    Your account will contain a diversified mix of mutual funds, and potentially exchange-traded products (ETPs), depending on your investment preference. You may also have access to investments designed specifically for clients enrolled in Fidelity® Wealth Services.

  • How are the investments chosen for my account?

    We'll use answers you provide in our Investor Profile Questionnaire, which will help us learn more about your goals, time horizon, and comfort with risk, to help us select investments for your managed account. Depending on the investment approach you prefer, you may choose to have us seek to invest in funds from both Fidelity and other firms or primarily in Fidelity Funds, or you may choose to have us invest primarily in index funds from both Fidelity and other firms.

  • Can I choose my own investments?

    You may not buy and sell investments in your Fidelity Wealth Services account. By enrolling in a managed account service like this, you turn the day-to-day management of your investments over to a team of investment professionals. Once we understand your goals and tolerance for risk, FPWA will propose an appropriate investment strategy for your account. We will also work closely with you to help you select an investment approach to help meet your needs. You're also entitled to place reasonable investment restrictions on your account. Feel free to contact us and we'll do our best to accommodate you.

  • Can I change my investment strategy?

    You can contact us at any time to discuss changing either your investment strategy or your investment approach if you believe that your financial situation or goals have changed. In addition, we'll conduct an annual strategic review of your goals and your financial situation and ask you to either confirm or update the information we have on file for you. At that time, based on any new information you provide, we may propose changes for your account.

  • Can I add funds to my account?

    Yes, you can add funds at any time.

  • Can I withdraw funds from my account?

    Yes, there are several ways to access your funds, including scheduled withdrawals.

  • How much do I need to open an account?

    The minimum funding amount is $50,000. Accounts can be funded with a check, bank wire, an exchange of assets from an existing Fidelity account, or a transfer of eligible assets from an account at another institution.

  • How much does it cost?

    Gross advisory fees range from 0.50% to 1.50% based on the amount of assets you invest.*

Choose how you want to get started

* The advisory fee does not cover charges resulting from trades effected with or through broker-dealers other than Fidelity Investments affiliates, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise applicable to your account. You will also incur underlying expenses associated with the investment vehicles selected.

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

Diversification and asset allocation do not ensure a profit or guarantee against loss.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity® Wealth Services provides non-discretionary financial planning and discretionary investment management through one or more Portfolio Advisory Services accounts for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser, and Fidelity Personal Trust Company, FSB (FPTC), a federal savings bank. Nondeposit investment products and trust services offered through FPTC and its 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. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FPTC, FBS, and NFS are Fidelity Investments companies.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

602049.10.0

Tax-Sensitive Investment Strategy1

  • A diversified, personalized investment strategy that seeks enhanced overall returns for a given level of risk while working to help reduce the impact of taxes on your investments
  • Tax-sensitive investment strategies, such as tax-loss harvesting, are used throughout the year to help you keep more of what you earn
  • Ability to request restriction of certain securities or industries or adjust for increased international exposure
  • We may be able to integrate assets you already own into your account in an effort to reduce the tax impact of creating your strategy and can work to help further reduce the tax impact of any withdrawals you may make

Minimum investment

$200,000


Advisory fee

0.50%–1.50%2

(varies based on total assets invested)

Type of investments

A mix of stocks, bonds, mutual funds, exchange-traded funds, and, if appropriate, separately managed accounts (SMAs).3

Ways to customize


  • Add separately managed sub-accounts to your portfolio
  • Request restriction of certain securities or industries
  • Bundled trustee capabilities

Investment team

Fidelity Personal and Workplace Advisors LLC has engaged Strategic Advisers LLC (Strategic Advisers) as the portfolio manager of Program accounts. Strategic Advisers will actively manage your account according to your tax situation using their disciplined, research-driven approach, and will apply tax-sensitive investment strategies, where appropriate, that seek to enhance after-tax investment returns.

Learn more about Strategic Advisers


FAQs

  • How can this strategy help me meet my goals?

    This professionally managed strategy is tailored to your personal financial situation, enabling you to request exclusion of particular stocks or industries, while seeking to reduce the impact of taxes on your investment returns.

  • Who manages my money?

    Fidelity Personal and Workplace Advisors LLC (FPWA), has engaged Strategic Advisers LLC, a registered investment adviser and a Fidelity Investments company, to provide the day-to-day discretionary portfolio management of Fidelity Portfolio Advisory Services accounts, including investment selection and trade execution, subject to FPWA's oversight and monitoring.

  • What kind of investments can I expect in my account?

    This strategy includes a broad range of investment options including stocks, bonds, mutual funds, exchange-traded funds (ETFs), and separately managed accounts (SMAs) when appropriate.

  • Can I choose my own investments?

    Our investment professionals will select your investments and build a portfolio tailored to you. We will use in-depth investment research, manage your risk through diversification, and suggest a mix of investments personalized for your goals. We do offer transparency into your holdings and the activity conducted on your behalf.

  • Can I change my investment strategy?

    You can contact us at any time to discuss changing your investment strategy should your financial situation or goals change. You can feel confident knowing we'll work with you to help ensure you're on track to meet your needs.

  • Can I add funds to my account?

    Yes, you can add funds at any time.

  • Can I withdraw funds from my account?

    Yes, there are several ways to access your funds, including scheduled withdrawals.

  • How much do I need to open an account?

    The minimum funding amount is $200,000. Accounts can be funded with a check, bank wire, an exchange purchase from an existing Fidelity account, or a transfer of eligible assets from an account at another institution.

  • How much does it cost?

    Gross advisory fees range from 0.50% to 1.50% based on the amount of assets you invest.2

  • What type of tax strategies do you use?

    While many investment management firms only offer tax-loss harvesting at year's end, Strategic Advisers uses this and a number of other strategies throughout the year designed to help reduce your tax liability and help reach your goals as quickly as possible.

  • Will there be tax consequences when I open my account?

    Partnering with you to help manage your money in a tax-efficient way starts with getting your account set up with the right mix of investments. This process may require selling some investments that generate taxable gains. However, the result is an account that we believe will be better positioned to provide opportunities for growth while managing potential investment risks.

  • Can I choose a different strategy than what is suggested?

    You can opt to select a different strategy than what is suggested during our planning discussions. We will manage your account according to your selected investment strategy.

Choose how you want to get started

1.

Tax-sensitive investment management techniques (including tax-loss harvesting) are applied on a limited basis, at the discretion of the portfolio manager, primarily with respect to determining when assets in a client’s account should be bought or sold. With this discretionary investment management service, any assets contributed to an investor’s account that the portfolio manager 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.

2. The advisory fee does not cover charges resulting from trades effected with or through broker-dealers other than Fidelity Investments affiliates, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise applicable to your account. You will also incur underlying expenses associated with the investment vehicles selected.
3. The ability to add separately managed sub-accounts to a portfolio is only available at certain asset levels and is not available for all accounts.
4.

Trust services are offered through Fidelity Personal Trust Company, FSB (FPTC), a federal savings bank.

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

Diversification and asset allocation do not ensure a profit or guarantee against loss.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity® Wealth Services provides non-discretionary financial planning and discretionary investment management through one or more Portfolio Advisory Services accounts for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser, and Fidelity Personal Trust Company, FSB (FPTC), a federal savings bank. Nondeposit investment products and trust services offered through FPTC and its 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. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FPTC, FBS, and NFS are Fidelity Investments companies.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

602050.11.0

Diversified Income Investment Strategy

The BlackRock Diversified Income Portfolio seeks to generate income by investing in a broad range of asset classes. This opportunistic approach may be appropriate for investors looking for income and growth potential while managing volatility.

Minimum investment

$200,000


Advisory fee

0.50%–1.50%1

(varies based on total assets invested)

Type of investments

Primarily exchange-traded funds (ETFs),2 diversified among traditional (e.g., stocks and bonds) and non-traditional (e.g., REITS and bank loans) income sources.

Investment team

Fidelity Personal and Workplace Advisors LLC (FPWA) has engaged its affiliate, Strategic Advisers LLC (Strategic Advisers) to provide discretionary portfolio management for accounts invested in the BlackRock Diversified Income Portfolio. In providing active management of this portfolio, Strategic Advisers has formed a strategic alliance with another industry leader, BlackRock Investment Management, LLC, the model provider. Fidelity's Strategic Advisers will invest your money, based on a model portfolio provided by BlackRock Investment Management, LLC.

Meet the BlackRock team


Learn more about Strategic Advisers


FAQs

  • How can this strategy help me meet my goals?

    Our professionally managed account is designed to help meet the challenges of generating income using a broad range of investments that offer diversification and liquidity.

  • Who manages my money?

    Fidelity Personal and Workplace Advisors LLC (FPWA) has engaged its affiliate, Strategic Advisers LLC (Strategic Advisers) to provide discretionary portfolio management for accounts invested in the BlackRock Diversified Income Portfolio. In providing active management of this portfolio, Strategic Advisers has formed a strategic alliance with another industry leader, BlackRock Investment Management, LLC, the model provider. Strategic Advisers is the portfolio manager for BlackRock Diversified Income Portfolio Program accounts and implements trades for the accounts based on the model portfolio of investments it receives from BlackRock. Strategic Advisers may select investments for an account that differ from BlackRock’s model.

  • What kind of investments can I expect in my account?

    Your account will comprise primarily exchange-traded funds (ETFs), but may contain other investment vehicles such as mutual funds.2 Diversification will be sought among common income sources like stocks and bonds, and lesser-known assets such as bank loans and real estate investment trusts (REITs).

  • How are the investments chosen for my account?

    BlackRock's investment team will research and identify ETFs and mutual funds that provide exposure to a mix of income-producing investments across asset classes and sectors around the globe. The BlackRock team focuses on selecting securities offering diversification and income potential for an appropriate amount of risk. Strategic Advisers may select investments that differ from BlackRock's model portfolio, but may also implement BlackRock's model portfolio without change, subject to any reasonable investment restrictions you may impose.

  • Can I choose my own investments?

    Our experienced investment professionals will select investments for you by conducting thorough research and due diligence. You will have some of the best investment minds in the business overseeing and monitoring your investments throughout the year to help ensure you're on track to meet your goals.

  • Can I add funds to my account?

    Yes, you can add funds at any time.

  • Can I withdraw funds from my account?

    Yes, there are several ways to access your funds, including scheduled withdrawals.

  • What is the account minimum?

    The minimum funding amount is $200,000. Accounts can be funded with a check, bank wire, an exchange purchase from an existing Fidelity account, or a transfer of eligible assets from an account at another institution.

  • How much does it cost?

    Advisory fees range from 0.50% to 1.50% based on account balance.1

Choose how you want to get started

1. The advisory fee does not cover charges resulting from trades effected with or through broker-dealers other than Fidelity Investments affiliates, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise applicable to your account. You will also incur underlying expenses associated with the investment vehicles selected.
2. 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.

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

Diversification and asset allocation do not ensure a profit or guarantee against loss.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity® Wealth Services provides non-discretionary financial planning and discretionary investment management through one or more Portfolio Advisory Services accounts for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser, and Fidelity Personal Trust Company, FSB (FPTC), a federal savings bank. Nondeposit investment products and trust services offered through FPTC and its 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. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FPTC, FBS, and NFS are Fidelity Investments companies.

BlackRock Investment Management, LLC (BlackRock) is an independent entity which is not legally affiliated with any Fidelity Investments company. Strategic Advisers is the portfolio manager for Fidelity® Wealth Services accounts investing in the BlackRock Diversified Income Portfolio, and implements trades for the accounts based on the model portfolio of investments it receives from BlackRock. Strategic Advisers may select investments for an account that differ from BlackRock's model.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

674099.9.0