Fidelity Diversifying Solutions LLC

RIASEC RegisteredEst. 2021

Total AUM

$18.9B

Discretionary

$18.9B

100% of AUM

Avg account

$497M

Accounts

Employees

Advisory reps

Firm details

Headquarters: Boston, Massachusetts
CRD number: 315088
Registered since: October 29, 2021
Custodians: THE BANK OF NEW YORK MELLON, STATE STREET BANK AND TRUST COMPANY, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
Fee structure: Percentage of AUM, Performance Based Fees, Other
Client types: Investment Companies52.94%
Pooled Investment Vehicles25.47%
Business Development Companies16.64%
Pension & Profit Sharing Plans2.54%
Other1.85%
Services: Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional ClientsSelection of Other Advisers

Firm profile

FINTRX

Overview

Fidelity Diversifying Solutions LLC is a limited liability company, SEC-registered in 2021, that operates as a multi-strategy fund manager. The firm sponsors and advises a mix of pooled vehicles — most prominently hedge funds — and also manages private equity and real estate vehicles. Its stated client base is institutional, and its commercial model combines percentage-of-AUM and performance-based fee arrangements. Fidelity Diversifying Solutions serves in CPO/CTA capacities and provides portfolio management for investment companies, pooled investment vehicles and institutional clients, as well as selecting sub-advisers when appropriate. The firm does not identify as an active ESG investor. The firm maintains a broad set of industry linkages: it is affiliated with broker-dealers and other investment advisers and engages with banking, trust, insurance and pension-related entities. That footprint reflects a manager that both runs proprietary pooled products and plays sponsor/GP or managing-member roles for funds it advises.