Asset manager · Smithfield, RI
Fiam LLC
SEC-registered investment adviser · CRD 133196 · SEC 801-63658
At a glance
Fiam LLC is an SEC-registered investment adviser based in Smithfield, Rhode Island, with $347.7 billion in regulatory assets under management as of its Form ADV filed July 30, 2026. Its largest client group by assets is investment companies, and it reports 23 individual clients. By Form ADV it is a asset manager, ranked 47th of 3,218 asset managers and 72nd of 17,210 SEC-registered advisers by assets.
Main office 617-563-7000LinkedInAs filed on Form ADV
- Regulatory AUM
- $348B
- Rank among asset managers
- #47 of 3,218
- Rank among all SEC RIAs
- #72 of 17,210
- Rank in Rhode Island
- #1 of 49
- Individual clients
- 23
- High-net-worth clients
- 23
- Accounts
- 647
- Discretionary
- 100% of AUM
- Employees
- 196
- Advisory staff
- 139
- Offices
- 6
Owners and executives on its Form ADV
- Casey M. CondronHead of Sales & Relationship Management, Director
- Christopher J. RimmerHead of Asset Management Finance
- Harley J. LankHead of High Income
- Kimberly L. PerryDirector
- Christian G. PariseaultHead of Institutional Portfolio Managers, Director
- Stephanie J. BrownChief Compliance Officer
- Christopher M. GouveiaCompliance Officer
- Robin L. FoleyHead of Fixed Income
- Peter B. EnyeartCo-Head of Equity
- Melissa M. ReillyCo-Head of Equity
- Richard J. HoganPresident and Director
Custody and brokerage
5 custodians
- Brown Brothers Harriman &$28B39%
- BNY$13B18%
- State Street$12B17%
- Northern Trust$10B14%
- FidelityAffiliate of the firm$9.7B13%
Other RIAs using Brown Brothers Harriman &Other multi-custodian RIAs
Broker-dealer
Hybrid RIA
Fiam LLC is a hybrid RIA: 56 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Digital Brokerage Services LLC, Fidelity Brokerage Services LLC, Fidelity Distributors Company LLC, Fidelity Prime Financing, LLC, Green Pier Fintech LLC, Level Markets, LLC and National Financial Services LLC.
- Digital Brokerage Services LLC ↗CRD 308213
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Fidelity Brokerage Services LLC ↗CRD 7784
An introducing broker-dealer: its trades clear through National Financial Services (Fidelity), which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Fidelity Distributors Company LLC ↗CRD 17507
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, February 2026
- Fidelity Prime Financing, LLC ↗CRD 299736
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Green Pier Fintech LLC ↗CRD 313305
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- Level Markets, LLC ↗CRD 171752
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
- National Financial Services LLC ↗CRD 13041
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, February 2026
Its Form ADV brochure (filed March 2026) names Fidelity Distributors Company as the broker-dealer its advisers are registered with.
Other Financial Industry Activities and Affiliations Certain of FIAM’s supervised persons are registered representatives of an affiliated registered broker - dealer, Fidelity Distributors Company LLC.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 113 | $235B | 68% |
| Other investment advisers | 16 | $29B | 8% |
| Pooled investment vehicles | 174 | $24B | 7% |
| Charitable organizations | 111 | $15B | 4% |
| Pension and profit sharing plans | 46 | $13B | 4% |
| State or municipal government entities | 39 | $9.7B | 3% |
| Sovereign wealth funds and foreign official institutions | 13 | $9.0B | 3% |
| Insurance companies | 25 | $6.4B | 2% |
| Corporations or other businesses | 36 | $6.4B | 2% |
| High-net-worth individuals | 23 | $276M | <1% |
| Banking or thrift institutions | – | $126M | <1% |
Private funds
Fiam LLC reports 21 private funds with $9.3B in gross assets: hedge funds, private equity funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Fiam LLC answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Fiam LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 102 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 3Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Fiam LLC manage?
Fiam LLC reports $347.7 billion in regulatory assets under management across 647 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 30, 2026.
What kind of firm is Fiam LLC?
Fiam LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons.
Who are Fiam LLC’s clients?
By assets, its largest client types are investment companies ($235.1 billion, 113 clients); other investment advisers ($28.9 billion, 16 clients); pooled investment vehicles ($24.4 billion, 174 clients).
Does Fiam LLC manage private funds?
Yes. It reports 21 private funds with $9.3 billion in gross assets, including hedge funds, private equity funds, real estate funds, other private funds.
Does Fiam LLC have any disciplinary history?
Fiam LLC answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Fiam LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →