SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Fidelity Institutional Wealth Adviser LLC
Boston, MA
CRD 301896
Firm filing updated March 30, 2026 ·
- $9.4BAssets
- 101Advisory staff
- 1,435Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Fixed feesYes
- Hourly chargesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals59,902
- High net worth individuals4,169
- Corporations or other businesses1,335
- Other investment advisors451
- Charities5
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 59,902 | $320.7 million |
| High net worth individuals | 4,169 | $4.2 billion |
| Banking or thrift institutions | Fewer than 5 clients | $0 |
| Charitable organizations | 5 | $0 |
| Other investment advisors | 451 | $0 |
| Corporations or other businesses not listed above | 1,335 | $4.8 billion |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
See all 5 services
- Educational seminars/workshops
- Other: "OVERLAY PORTFOLIO MANAGEMENT; NON-DISCRETIONARY INVESTMENT ADVICE"
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisors (including private fund managers)
- Educational seminars/workshops
- Other: "OVERLAY PORTFOLIO MANAGEMENT; NON-DISCRETIONARY INVESTMENT ADVICE"
Assets and accounts
- Regulatory assets$9.4 billion
- Accounts1,435
- DiscretionaryAll accounts
People
- Employees209
- Advisory staff101
- Broker-dealer reps169
- Licensed insurance agents6
Advisors
26 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 301896, SEC file 801-116860.
- Registered with the SEC as an investment advisor (status date on record: June 28, 2019).
Is Fidelity Institutional Wealth Adviser LLC a fiduciary?
Short answer: Fidelity Institutional Wealth Adviser LLC is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 169 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
6 staff are licensed insurance agents and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.