Fidelity Institutional Wealth Adviser LLC
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Learn more about Fidelity Institutional Wealth Adviser LLC
Overview
Fidelity Institutional Wealth Adviser LLC operates as an advisory company located in Boston, Massachusetts. The company administers $2.6 billion in assets across 210 accounts, placing it among the largest firms in the nation by assets under management (AUM). The company has a large team, including 74 financial advisors. Fidelity Institutional Wealth Adviser LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are tradable financial investments like equities, options and bonds.
Fidelity Institutional Wealth Adviser LLC manages all of its client assets in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without requiring client consent. The advisory firm manages about $12.5 million for every client account. The average financial advisor at Fidelity Institutional Wealth Adviser LLC oversees about three client accounts, making it one of the most personalized firms in the country.
Fidelity Institutional Wealth Adviser LLC's main office is located at 245 Summer Street, Boston, Massachusetts 2210. It is legally registered to provide services to customers across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Fidelity Institutional Wealth Adviser LLC by the Numbers
$2.6 billion
132
210
$12.5 million
Products and Services
Fidelity Institutional Wealth Adviser LLC provides a variety of financial services, which can include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, educational seminars and other services. Fidelity Institutional Wealth Adviser LLC is engaged in selling products or offering services aside from investment advice to its customers. It is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services usually are based on the type of services provided. Fees charged by the firm can include any combination of the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Fidelity Institutional Wealth Adviser LLC does business with a number of different customers. The firm provides services to retail investors, high net worth investors, pension plans, other investment advisers and corporations. Out of its 210 customers, Fidelity Institutional Wealth Adviser LLC's largest client by number of accounts is retail investors, but it also manages money for 332 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 2.55%
- Other Individuals - 96.44%
- Corporations - 1.01%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Fidelity Institutional Wealth Adviser LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Fidelity Institutional Wealth Adviser LLC
Smithfield, RI
Boston, MA
Boston, MA
Smithfield, RI
Roanoke, TX
Smithfield, RI
Smithfield, RI
Boston, MA
Norwalk, CA
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