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Fiam

SEC-registered adviser since 2004Smithfield, RICRD 133196

$347.7B
AUM
596
Clients
See fees
Fee
139
Advisory staff

From Form ADV filed 30 July 2026 · data retrieved 15 October 2026SEC record

Fiam is an investment adviser headquartered in Smithfield, Rhode Island, and registered with the SEC since 2004. Its clients include investment companies, other investment advisers and pooled investment vehicles. High-net-worth individuals account for 0% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. Fiam Holdings LLC owns 75% or more of Fiam.

Clients

Fiam serves 596 clients, 174 of them pooled investment vehicles. The average client has about $583 million with the firm, and high-net-worth clients hold 0% of its $347.7 billion in assets.

Regulatory assets by client type
  • Investment companies113 clients68%
  • Pooled investment vehicles174 clients7%
  • Pension and profit-sharing plans46 clients4%
  • Charitable organizations111 clients4%
  • State or municipal government entities39 clients3%
  • OtherOther investment advisers, Sovereign wealth funds and foreign official institutions, High-net-worth individuals, Banking or thrift institutions, Insurance companies, Corporations and other businesses15%
Show client breakdown
High-net-worth individuals
Clients
23
Regulatory AUM
$276,283,359
Share
0.1%
Avg. per client
$12.0M
Banking or thrift institutions
Clients
Not reported
Regulatory AUM
$125,974,278
Share
0.0%
Avg. per client
—
Investment companies
Clients
113
Regulatory AUM
$235,056,406,435
Share
67.6%
Avg. per client
$2.08B
Pooled investment vehicles
Clients
174
Regulatory AUM
$24,424,233,931
Share
7.0%
Avg. per client
$140.4M
Pension and profit-sharing plans
Clients
46
Regulatory AUM
$12,871,220,732
Share
3.7%
Avg. per client
$279.8M
Charitable organizations
Clients
111
Regulatory AUM
$14,618,068,604
Share
4.2%
Avg. per client
$131.7M
State or municipal government entities
Clients
39
Regulatory AUM
$9,664,913,118
Share
2.8%
Avg. per client
$247.8M
Other investment advisers
Clients
16
Regulatory AUM
$28,924,841,232
Share
8.3%
Avg. per client
$1.81B
Insurance companies
Clients
25
Regulatory AUM
$6,363,491,393
Share
1.8%
Avg. per client
$254.5M
Sovereign wealth funds and foreign official institutions
Clients
13
Regulatory AUM
$9,044,495,471
Share
2.6%
Avg. per client
$695.7M
Corporations and other businesses
Clients
36
Regulatory AUM
$6,358,587,824
Share
1.8%
Avg. per client
$176.6M

Total

Clients
596
Regulatory AUM
$347,728,516,377
Share
100%
Avg. per client
$583.4M

What it does

Fiam provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers. It is paid through a percentage of assets, performance-based fees and other arrangements.

Fiam advises 21 private funds.

Nearly all assets ($347.73B across 633 accounts) are managed with discretion; $2.42M across 14 accounts are not. 11% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks37%
  • Funds15%
  • Bonds46%
    • Investment grade corporate bonds19%
    • U.S. government and agency bonds12%
    • High-yield corporate bonds8%
    • State and local bonds7%
  • Cash2%

Custodians

Fiam’s client accounts are held mainly at Brown Brothers Harriman &, with 8% of managed assets, and The Bank of New York Mellon, with 4%. Fiam has custody of client assets.

Managed account assets by custodian
  • State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $12.20B4%
  • The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $13.08B4%
  • Brown Brothers Harriman &Brown Brothers Harriman & Co. · New York, NY · $28.50B8%
  • The Northern TrustThe Northern Trust Company · Chicago, IL · $10.04B3%
  • FidelityNational Financial Services LLC · Boston, MA · $9.73B3%
  • All other custodians$274.18B79%

Ownership and leadership

Fiam Holdings LLC owns 75% or more of Fiam.

Who owns the firm
Fiam LLC· the adviser

  • Fiam Holdings LLC

    Control person · since October 2004

    Owns 75% or more of Fiam LLC

Leadership

  • Richard Hogan
    President and Director
  • Stephanie Brown
    Chief Compliance Officer
  • Casey Condron
    Head of Sales & Relationship Management, Director
  • Peter Enyeart
    Co-Head of Equity
  • Robin Foley
    Head of Fixed Income
  • Christopher Gouveia
    Compliance Officer
  • Harley Lank
    Head of High Income
  • Christian Pariseault
    Head of Institutional Portfolio Managers, Director
  • Kimberly Perry
    Director
  • Melissa Reilly
    Co-Head of Equity
  • Christopher Rimmer
    Head of Asset Management Finance

Staff

  • 196 employees
  • 139 in advisory functions
  • 56 broker-dealer reps
  • 1 insurance agent
  • 4 soliciting firms

Fees

Fiam is paid through a percentage of assets under management, performance-based fees and other.

Fiam’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Fiam has 5 offices, with 6 listed addresses across 5 states.

Listed office addresses by state

Rhode Island · 1 listed address

  • 900 Salem Street, SmithfieldHQ

Other business names

Fiam has reported 2 other business names to the SEC.

  • Fidelity Asset Management Solutions
  • Fidelity Institutional Asset Management

Registration details

Legal name
Fiam LLC
Headquarters
900 Salem Street, Smithfield, RI 02917
Phone
617-563-7000
Website
Not reported
SEC file
801-63658
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Fiam have?

Fiam has 596 clients and manages $347.7 billion for them, as of July 2026. They include 174 pooled investment vehicles, 113 investment companies and 111 charitable organizations.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 July 2026

What services does Fiam offer?

Fiam provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Fiam use?

Fiam’s separately managed account assets are held at Brown Brothers Harriman & Co. (New York, NY), with $28,496,560,017, The Bank of New York Mellon (New York, NY), with $13,084,436,344, State Street Bank and Trust Company (Boston, MA), with $12,198,010,136, The Northern Trust Company (Chicago, IL), with $10,041,955,828 and National Financial Services LLC (Boston, MA), with $9,726,062,304. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 July 2026

How many financial advisors does Fiam have?

Fiam has 0 investment adviser representatives registered with state securities authorities, out of 196 employees, and 139 perform investment advisory functions. 56 are registered representatives of a broker-dealer and 1 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Fiam invest in?

At the end of its last fiscal year, Fiam’s separately managed accounts held 37% exchange-traded equities, 19% investment grade corporate bonds, 15% registered funds (mutual funds, ETFs, BDCs), 12% U.S. government and agency bonds, 8% high-yield corporate bonds, 7% state and local bonds and 2% cash and equivalents. It advises 21 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Fiam?

Fiam’s direct owner is Fiam Holdings LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 July 2026

How does Fiam get paid?

Fiam is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 July 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 133196.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Fiam LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.