Fidelity Institutional Wealth Adviser provides portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars.
Fidelity Institutional Wealth Adviser reports 65,862 clients. They include 59,902 individual clients, 4,169 high-net-worth individuals, and 1,335 corporations and other businesses. Of its assets, 100.0% ($9.38B across 1,435 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $87.9M. Of its clients, 1% are outside the U.S. It advised 64,306 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 91% | 3% |
| High-net-worth individuals | 6% | 45% |
| Banking or thrift institutions | Fewer than 5 | 0% |
| Charitable organizations | <1% | 0% |
| Other investment advisers | <1% | 0% |
| Other client typesCorporations and other businesses | 2% | 52% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 59,902 | $321M | 3.4% | $5.35K |
| High-net-worth individuals | 4,169 | $4.23B | 45.0% | $1.01M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | 5 | $0 | 0.0% | $0 |
| Other investment advisers | 451 | $0 | 0.0% | $0 |
| Corporations and other businesses | 1,335 | $4.84B | 51.6% | $3.62M |
| Total | 65,862 | $9.38B | 100% | — |
- Clients
- 59,902
- Regulatory AUM
- $321M
- AUM share
- 3.4%
- Avg. per client
- $5.35K
- Clients
- 4,169
- Regulatory AUM
- $4.23B
- AUM share
- 45.0%
- Avg. per client
- $1.01M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 451
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 1,335
- Regulatory AUM
- $4.84B
- AUM share
- 51.6%
- Avg. per client
- $3.62M
Total
- Clients
- 65,862
- Regulatory AUM
- $9.38B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 64,306
- Private funds advised
- 0
Fidelity Institutional Wealth Adviser is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
FMR LLC owns 75% or more of Fidelity Institutional Wealth Adviser. The leadership team of Fidelity Institutional Wealth Adviser includes President Jordan Burgess, Chief Investment Officer Mayank Goradia and Chief Financial Officer Charles Ackerman. It has 209 employees, 101 of them in advisory roles.
Leadership
- Jordan BurgessPresident, Director
- Charles AckermanChief Financial Officer
- Jason LindeChief Compliance Officer
- Mayank GoradiaChief Investment Officer
- Amanda RobinsonHead of Specialist Distribution, Director
- Manmohan SethHead of Product, Director
Investment adviser representatives
39 representatives listed in the SEC register as of 9 October 2026.
- Matthew Dylan Aroesty
- Vincent Bertram
- Nils Bierkamp
- Jeffrey Bonafe
- Lisa Cash-Doherty
- Nathaniel Chang
- Dante Demarco
- Megan Dispirito
- Kevin Lee Downing
- Michael Farrell
- Mindy Freedman
- Ashley C Glover
- Alison Rachel Green
- Matthew John Greene
- Alisa Lauren Guetzkow
- Taylor Blake Hankins
- Alexander Harrington
- Dana R Holmes
- Thomas P King
- Isaiah Langa
- James Bernard McGlynn
- Karle McLaughlin
- Robert C. Neff
- Daniel Negus
- James Michael Ocasio
- Matthew J Petteys
- Pooja Raju-Shankar
- Lauren Roberts
- Devin Russell
- Michael J Scarsciotti
- Nicholas Anthony Sgroi
- Johnpatrick Squillace
- Allison Staab
- Kelsea Sullivan
- Megan E. Tracy
- Ryan Van Leeuwen
- John C. Veit
Staff
- 209 employees
- 101 in advisory functions
- 41 state-registered reps
- 169 broker-dealer reps
- 6 insurance agents
- 3 soliciting firms
- Owns 75% or more of Fidelity Institutional Wealth Adviser LLC
FMR LLC
Control person · since September 2016
Edward Johnson IV
Elected manager · Control person · since April 2006
Abigail Johnson
Elected manager · Control person · since May 1994
Michael Wilens
Elected manager · Control person · since October 2014
Stephen Neff
Elected manager · Control person · since April 2023
Fidelity Institutional Wealth Adviser’s regulatory assets grew Infinity× from $0 (July 2021) to $9.38B (March 2026); clients rose from 25 to 65,862 and employees from 117 to 209.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $9.38B | 65,862 | 209 | 12 |
| June 2025 | $6.47B | 52,688 | 194 | 11 |
| July 2024 | $3.93B | 48,244 | 174 | 25 |
| June 2023 | $2.62B | 13,190 | 132 | 21 |
| July 2022 | $2.84B | 1,881 | 124 | 16 |
| July 2021 | $0 | 25 | 117 | 6 |
Besides its headquarters, Fidelity Institutional Wealth Adviser has 11 offices, with 12 listed addresses across 9 states.
Massachusetts · 2 listed addresses
- 245 Summer Street, BostonHQ
- 155 Seaport BLVD, Boston
Rhode Island · 2 listed addresses
- 500 Salem Street, Smithfield
- 900 Salem Street, Smithfield
Texas · 2 listed addresses
- Two Destiny Way, Westlake
- One Destiny Way, Westlake
Illinois · 1 listed address
- 233 South Wacker Drive, Chicago
Kentucky · 1 listed address
- 100 Crosby Parkway, Covington
New Hampshire · 1 listed address
- One Spartan Way, Merrimack
New Jersey · 1 listed address
- 499 Washington Boulevard, Jersey City
New York · 1 listed address
- 640 Fifth Avenue, New York
North Carolina · 1 listed address
- 100 New Millennium Way, Durham
Other business names
Fidelity Institutional Wealth Adviser has reported 1 other business name to the SEC.
- Fidelity Institutional AM
Contact and registration details
- Legal name
- Fidelity Institutional Wealth Adviser LLC
- Headquarters
- 245 Summer Street, Boston, MA 02210
- Website
- Not reported
- Phone
- 617-563-7000
- SEC file
- 801-116860
- Structure
- Delaware LLC
- Fiscal year end
- December
Fidelity Institutional Wealth Adviser uses Fidelity ($9.38B) as custodian for its separately managed accounts. Fidelity Institutional Wealth Adviser has custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $9.38B100%
At year end, Fidelity Institutional Wealth Adviser’s separately managed accounts were mostly in stocks (98%).
What the accounts hold
- Stocks98%
- Funds2%
How many clients does Fidelity Institutional Wealth Adviser have?
Fidelity Institutional Wealth Adviser has 65,862 clients and manages $9.38 billion for them, as of March 2026. They include 59,902 individual clients, 4,169 high-net-worth individuals, and 1,335 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Fidelity Institutional Wealth Adviser offer?
Fidelity Institutional Wealth Adviser provides portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Fidelity Institutional Wealth Adviser use?
Fidelity Institutional Wealth Adviser’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $9.38B. 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 March 2026
How many financial advisors does Fidelity Institutional Wealth Adviser have?
Fidelity Institutional Wealth Adviser has 41 investment adviser representatives registered with state securities authorities, out of 209 employees, and 101 perform investment advisory functions. 169 employees are registered representatives of a broker-dealer and 6 employees 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 Fidelity Institutional Wealth Adviser invest in?
At the end of its last fiscal year, Fidelity Institutional Wealth Adviser’s separately managed accounts held 98% exchange-traded equities and 2% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Fidelity Institutional Wealth Adviser?
Fidelity Institutional Wealth Adviser’s direct owner is FMR LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Fidelity Institutional Wealth Adviser get paid?
Fidelity Institutional Wealth Adviser is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Fidelity Institutional Wealth Adviser?
Fidelity Institutional Wealth Adviser’s main office is at 245 Summer Street, Boston, MA 02210. Its phone number is 617-563-7000.