{"url":"https://nivawealth.com/firms/fiam-133196","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/133196","regulatoryAum":347728516377,"crd":"133196","secFileNumber":"801-63658","legalName":"Fiam LLC","displayName":"Fiam","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"900 Salem Street","city":"Smithfield","state":"RI","stateName":"Rhode Island","country":"United States","postalCode":"02917"},"tradeNames":["Fidelity Asset Management Solutions","Fidelity Institutional Asset Management"],"registration":{"secApproved":"2 December 2004","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":196,"advisory":139,"brokerDealerReps":56,"insuranceAgents":1,"promoters":4},"aum":{"discretionary":347726100163,"discretionaryAccounts":633,"nonDiscretionary":2416214,"nonDiscretionaryAccounts":14,"wrapProgram":null,"nonUsClientsPct":11,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":23,"regulatoryAum":276283359},{"label":"Banking or thrift institutions","clients":null,"regulatoryAum":125974278},{"label":"Investment companies","clients":113,"regulatoryAum":235056406435},{"label":"Pooled investment vehicles","clients":174,"regulatoryAum":24424233931},{"label":"Pension and profit-sharing plans","clients":46,"regulatoryAum":12871220732},{"label":"Charitable organizations","clients":111,"regulatoryAum":14618068604},{"label":"State or municipal government entities","clients":39,"regulatoryAum":9664913118},{"label":"Other investment advisers","clients":16,"regulatoryAum":28924841232},{"label":"Insurance companies","clients":25,"regulatoryAum":6363491393},{"label":"Sovereign wealth funds and foreign official institutions","clients":13,"regulatoryAum":9044495471},{"label":"Corporations and other businesses","clients":36,"regulatoryAum":6358587824}],"fees":[],"feeNotes":[],"custodians":[{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":12198010136},{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":13084436344},{"name":"Brown Brothers Harriman & Co.","shortName":"Brown Brothers Harriman &","location":"New York, NY","smaAssets":28496560017},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":10041955828},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":9726062304}],"custodyNote":"Fiam has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Hogan","title":"President and Director","crd":"7305975"},{"name":"Stephanie Brown","title":"Chief Compliance Officer","crd":"7690144"},{"name":"Casey Condron","title":"Head of Sales & Relationship Management, Director","crd":"3092905"},{"name":"Peter Enyeart","title":"Co-Head of Equity","crd":"5882159"},{"name":"Robin Foley","title":"Head of Fixed Income","crd":"1833702"},{"name":"Christopher Gouveia","title":"Compliance Officer","crd":"7690152"},{"name":"Harley Lank","title":"Head of High Income","crd":"4451403"},{"name":"Christian Pariseault","title":"Head of Institutional Portfolio Managers, Director","crd":"2319957"},{"name":"Kimberly Perry","title":"Director","crd":"2762173"},{"name":"Melissa Reilly","title":"Co-Head of Equity","crd":"2625125"},{"name":"Christopher Rimmer","title":"Head of Asset Management Finance","crd":"4770358"}],"ownership":[{"label":"Fiam Holdings LLC","detail":"Shareholder in the 75% or more ownership band and a control person, since October 2004."},{"label":"FMR LLC","detail":"Indirect owner: a shareholder of Fiam Holdings LLC in the 75% or more band and a control person, since October 2004.","parent":"Fiam Holdings LLC"},{"label":"Abigail Johnson","detail":"Indirect owner: elected manager of FMR LLC and a control person, since May 1994.","parent":"FMR LLC"},{"label":"Edward Johnson IV","detail":"Indirect owner: elected manager of FMR LLC and a control person, since April 2006.","parent":"FMR LLC"},{"label":"Michael Wilens","detail":"Indirect owner: elected manager of FMR LLC and a control person, since October 2014.","parent":"FMR LLC"},{"label":"Stephen Neff","detail":"Indirect owner: elected manager of FMR LLC and a control person, since April 2023.","parent":"FMR LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":5,"privateResidences":0},"listedOfficeAddresses":6,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"100 California ST","city":"San Francisco"}]},{"state":"Massachusetts","offices":2,"addresses":[{"street":"245 Summer Street","city":"Boston"},{"street":"155 Seaport BLVD","city":"Boston"}]},{"state":"New Hampshire","offices":1,"addresses":[{"street":"1 Spartan Way","city":"Merrimack"}]},{"state":"New Jersey","offices":1,"addresses":[{"street":"499 Washington BLVD","city":"Jersey City"}]},{"state":"Rhode Island","offices":1,"addresses":[{"street":"900 Salem Street","city":"Smithfield","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-563-7000","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":37},{"label":"U.S. government/agency bonds","percent":12},{"label":"U.S. state and local bonds","percent":7},{"label":"Investment grade corporate bonds","percent":19},{"label":"Non-investment grade corporate bonds","percent":8},{"label":"Securities issued by registered investment companies or business development companies","percent":15},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":21},"sources":{"adv1FilingDate":"30 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/133196/PDF/133196.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Fiam have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Fiam offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Fiam use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Fiam have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Fiam invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Fiam?","answer":"Fiam’s direct owner is Fiam Holdings LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Fiam get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}