Clients
Fidelity Diversifying Solutions serves 35 clients, 23 of them investment companies. The average client has about $539 million with the firm.
- Investment companies23 clients53%
- Business development companies2 clients17%
- Pooled investment vehicles10 clients25%
- Pension and profit-sharing plans3%
- OtherCharitable organizations, Other2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 23 | $9,994,920,106 | 52.9% | $434.6M |
| Business development companies | 2 | $3,141,858,898 | 16.6% | $1.57B |
| Pooled investment vehicles | 10 | $4,808,670,755 | 25.5% | $480.9M |
| Pension and profit-sharing plans | Not reported | $480,259,023 | 2.5% | — |
| Charitable organizations | Not reported | $102,284,428 | 0.5% | — |
| Other | Not reported | $350,092,485 | 1.9% | — |
| Total | 35 | $18,878,085,695 | 100% | $539.4M |
- Clients
- 23
- Regulatory AUM
- $9,994,920,106
- Share
- 52.9%
- Avg. per client
- $434.6M
- Clients
- 2
- Regulatory AUM
- $3,141,858,898
- Share
- 16.6%
- Avg. per client
- $1.57B
- Clients
- 10
- Regulatory AUM
- $4,808,670,755
- Share
- 25.5%
- Avg. per client
- $480.9M
- Clients
- Not reported
- Regulatory AUM
- $480,259,023
- Share
- 2.5%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $102,284,428
- Share
- 0.5%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $350,092,485
- Share
- 1.9%
- Avg. per client
- —
Total
- Clients
- 35
- Regulatory AUM
- $18,878,085,695
- Share
- 100%
- Avg. per client
- $539.4M
What it does
Fidelity Diversifying Solutions provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, performance-based fees and other arrangements.
Fidelity Diversifying Solutions advises 12 private funds.
100.0% of assets ($18.88B across 38 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Bonds48%
- U.S. government and agency bonds29%
- Investment grade corporate bonds19%
- Other50%
- Derivatives44%
- Private credit loans6%
Filed values cover 98%. The neutral 2% gap has no reported category.
Custodians
Fidelity Diversifying Solutions’ client accounts are held mainly at The Bank of New York Mellon, with 3% of managed assets, and State Street Bank and Trust, with 2%. Fidelity Diversifying Solutions has custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $480.3M3%
- The Northern TrustThe Northern Trust Company · Chicago, IL · $102.3M1%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $350.1M2%
- All other custodians$17.95B95%
Ownership and leadership
FMR LLC owns 75% or more of Fidelity Diversifying Solutions.
- Owns 75% or more of Fidelity Diversifying Solutions LLC
FMR LLC
Control person · since May 2021
Abigail Johnson
Elected manager · Control person · since May 1994
Edward Johnson IV
Elected manager · Control person · since April 2006
Michael Wilens
Elected manager · Control person · since October 2014
Stephen Neff
Elected manager · Control person · since April 2023
Leadership
- Harley LankPresident, Director
- Stephanie BrownChief Compliance Officer
- Kimberly PerryDirector
- Ksenia PortnoyCompliance Officer
- Christopher RimmerTreasurer
Staff
- 44 employees
- 44 in advisory functions
- 14 soliciting firms
Fees
Fidelity Diversifying Solutions is paid through a percentage of assets under management, performance-based fees and other.
Fidelity Diversifying Solutions’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Fidelity Diversifying Solutions has 5 offices, with 6 listed addresses across 5 states.
Massachusetts · 2 listed addresses
- 245 Summer Street, BostonHQ
- 155 Seaport BLVD, Boston
Illinois · 1 listed address
- 233 South Wacker Drive, Chicago
New Hampshire · 1 listed address
- One Spartan Way, Merrimack
New Jersey · 1 listed address
- 499 Washington BLVD, Jersey City
Rhode Island · 1 listed address
- 900 Salem Street, Smithfield
Registration details
- Legal name
- Fidelity Diversifying Solutions LLC
- Headquarters
- 245 Summer Street, Boston, MA 02210
- Phone
- 617-563-7000
- Website
- www.fidelity.com
- SEC file
- 801-122572
- 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 Fidelity Diversifying Solutions have?
Fidelity Diversifying Solutions has 35 clients and manages $18.9 billion for them, as of August 2026. They include 23 investment companies, 10 pooled investment vehicles and 2 business development companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 August 2026
What services does Fidelity Diversifying Solutions offer?
Fidelity Diversifying Solutions provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Fidelity Diversifying Solutions use?
Fidelity Diversifying Solutions’ separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $480,259,023, State Street Bank and Trust Company (Boston, MA), with $350,092,485 and The Northern Trust Company (Chicago, IL), with $102,284,428. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 August 2026
How many financial advisors does Fidelity Diversifying Solutions have?
Fidelity Diversifying Solutions has 0 investment adviser representatives registered with state securities authorities, out of 44 employees, and 44 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Fidelity Diversifying Solutions invest in?
At the end of its last fiscal year, Fidelity Diversifying Solutions’ separately managed accounts held 44% derivatives, 29% U.S. government and agency bonds, 19% investment grade corporate bonds and 6% private credit loans. It advises 12 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 Fidelity Diversifying Solutions?
Fidelity Diversifying Solutions’ direct owner is FMR LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 August 2026
How does Fidelity Diversifying Solutions get paid?
Fidelity Diversifying Solutions 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