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Strategic Advisers

SEC-registered adviser since 1977Boston, MACRD 104555

$1370.1B
AUM
2,401,763
Clients
See fees
Fee
17,112
Advisory staff

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

Strategic Advisers is an investment adviser headquartered in Boston, Massachusetts, and registered with the SEC since 1977. Its clients include investment companies, high-net-worth individuals and other individuals. High-net-worth individuals account for 29% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, and educational seminars. Fee arrangements include a percentage of assets under management, fixed fees and other arrangements. Fidelity Advisory Holdings LLC owns 75% or more of Strategic Advisers.

Clients

Strategic Advisers serves 2,401,763 clients, 736,141 of them high-net-worth individuals. The average client has about $570,000 with the firm, and high-net-worth clients hold 29% of its $1370.1 billion in assets.

Regulatory assets by client type
  • Individuals1,654,834 clients12%
  • High-net-worth individuals736,141 clients29%
  • Investment companies15 clients43%
  • Pension and profit-sharing plans10,164 clients12%
  • Charitable organizations12 clients4%
  • OtherState or municipal government entities, Corporations and other businesses, Other1%
Show client breakdown
Individuals (other than HNW)
Clients
1,654,834
Regulatory AUM
$164,636,156,091
Share
12.0%
Avg. per client
$99K
High-net-worth individuals
Clients
736,141
Regulatory AUM
$396,748,794,313
Share
29.0%
Avg. per client
$539K
Investment companies
Clients
15
Regulatory AUM
$589,436,237,564
Share
43.0%
Avg. per client
$39.30B
Pension and profit-sharing plans
Clients
10,164
Regulatory AUM
$161,528,146,440
Share
11.8%
Avg. per client
$15.9M
Charitable organizations
Clients
12
Regulatory AUM
$49,771,773,876
Share
3.6%
Avg. per client
$4.15B
State or municipal government entities
Clients
92
Regulatory AUM
$7,349,816,620
Share
0.5%
Avg. per client
$79.9M
Corporations and other businesses
Clients
505
Regulatory AUM
$646,240,274
Share
0.0%
Avg. per client
$1.28M
Other
Clients
Not reported
Regulatory AUM
$8,160,033
Share
0.0%
Avg. per client
—

Total

Clients
2,401,763
Regulatory AUM
$1,370,125,325,211
Share
100%
Avg. per client
$570K

What it does

Strategic Advisers provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, educational seminars and other activities. It is paid through a percentage of assets, fixed fees and other arrangements.

Strategic Advisers provided financial planning to 936,705 clients last fiscal year and advises no private funds.

96.4% of assets ($1321.08B across 2,973,485 accounts) are managed with discretion; $49.05B across 27 accounts are not. $1133.61B sits in a wrap fee program the firm both sponsors and manages. 0% of clients are outside the U.S., and 17,518 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks40%
  • Funds56%
  • Bonds4%
    • State and local bonds2%
    • U.S. government and agency bonds1%
    • Investment grade corporate bonds1%

Custodians

Strategic Advisers’ client accounts are held mainly at Fidelity, with 45% of managed assets. Strategic Advisers has custody of client assets.

Managed account assets by custodian
  • FidelityNational Financial Services LLC · Boston, MA · $611.82B45%
  • All other custodians$758.30B55%

Ownership and leadership

Fidelity Advisory Holdings LLC owns 75% or more of Strategic Advisers.

Who owns the firm
Strategic Advisers LLC· the adviser

  • Fidelity Advisory Holdings LLC

    Control person · since March 2018

    Owns 75% or more of Strategic Advisers LLC

Leadership

  • William Irving
    President, Director
  • Keri Dogan
    Chief Operating Officer
  • Stephanie Brown
    Chief Compliance Officer
  • Bart Grenier
    Director
  • James Gryglewicz
    Compliance Officer
  • Catherine Pena
    Chief Investment Officer
  • Christopher Rimmer
    Head of Asset Management Finance, Treasurer
  • John Stone
    Chief Investment Officer

Staff

  • 17,112 employees
  • 17,112 in advisory functions
  • 16,847 state-registered reps
  • 16,817 broker-dealer reps
  • 9,711 insurance agents
  • 1 soliciting firm

Fees

Strategic Advisers is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other.

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

Offices and registrations

Besides its headquarters, Strategic Advisers has 237 offices, with 26 listed addresses across 13 states.

Listed office addresses by state

Massachusetts · 4 listed addresses

  • 155 Seaport BLVD, BostonHQ
  • 405 Cochituate Road, Framingham
  • 155 Congress ST, Boston
  • 44 Mall Road, Burlington

Registration details

Legal name
Strategic Advisers LLC
Headquarters
155 Seaport BLVD, Boston, MA 02210-2698
Phone
617-563-7000
Website
Not reported
SEC file
801-13243
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 Strategic Advisers have?

Strategic Advisers has 2,401,763 clients and manages $1370.1 billion for them, as of March 2026. They include 1,654,834 other individuals, 736,141 high-net-worth individuals and 10,164 pension and profit-sharing plans.

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

What services does Strategic Advisers offer?

Strategic Advisers provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, selecting other managers, educational seminars and other activities.

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

Which custodians does Strategic Advisers use?

Strategic Advisers’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $611,822,469,801. 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 Strategic Advisers have?

Strategic Advisers has 16,847 investment adviser representatives registered with state securities authorities, out of 17,112 employees, and 17,112 perform investment advisory functions. 16,817 are registered representatives of a broker-dealer and 9,711 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 Strategic Advisers invest in?

At the end of its last fiscal year, Strategic Advisers’ separately managed accounts held 56% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities, 2% state and local bonds, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. It advises no private funds of its own.

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

Who owns Strategic Advisers?

Strategic Advisers’ direct owner is Fidelity Advisory Holdings LLC (75% or more).

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

How does Strategic Advisers get paid?

Strategic Advisers is paid through a percentage of assets under management, fixed fees and other arrangements. 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

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 104555.

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 Strategic Advisers 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.