Asset manager · Boston, MA
Fidelity Institutional Wealth Adviser LLC
SEC-registered investment adviser · CRD 301896 · SEC 801-116860
At a glance
Fidelity Institutional Wealth Adviser LLC is an SEC-registered investment adviser based in Boston, Massachusetts, with $9.4 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is corporations or other businesses, and it reports 64,071 individual clients. By Form ADV it is a asset manager, ranked 538th of 3,218 asset managers and 1,433rd of 17,210 SEC-registered advisers by assets.
Main office 617-563-7000fidelity.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $9.4B
- Rank among asset managers
- #538 of 3,218
- Rank among all SEC RIAs
- #1,433 of 17,210
- Rank in Massachusetts
- #102 of 627
- Individual clients
- 64,071
- High-net-worth clients
- 4,169
- Accounts
- 1,435
- Discretionary
- 100% of AUM
- Employees
- 209
- Advisory staff
- 101
- Offices
- 12
Owners and executives on its Form ADV
- Jason J. LindeChief Compliance Officer
- Manmohan S. SethHead of Product, Director
- Jordan J. BurgessPresident, Director
- Charles A. AckermanChief Financial Officer
- Amanda N. RobinsonHead of Specialist Distribution, Director
- Mayank D. GoradiaChief Investment Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Fidelity Institutional Wealth Adviser LLC is a hybrid RIA: 169 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
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Corporations or other businesses | 1,335 | $4.8B | 52% |
| High-net-worth individuals | 4,169 | $4.2B | 45% |
| Individuals | 59,902 | $321M | 3% |
| Charitable organizations | 5 | $0M | 0% |
| Other investment advisers | 451 | $0M | 0% |
Disciplinary disclosures
Fidelity Institutional Wealth Adviser LLC answers yes to 3 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 businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗fidelity.com ↗
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The full record on Fidelity Institutional Wealth Adviser 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, 6 years of filings
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- Growth over one, three and five years
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- Rank against 551 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Fidelity Institutional Wealth Adviser LLC manage?
Fidelity Institutional Wealth Adviser LLC reports $9.4 billion in regulatory assets under management across 1,435 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Fidelity Institutional Wealth Adviser LLC?
Fidelity Institutional Wealth Adviser 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 Fidelity Institutional Wealth Adviser LLC’s clients?
By assets, its largest client types are corporations or other businesses ($4.8 billion, 1,335 clients); high-net-worth individuals ($4.2 billion, 4,169 clients); individuals ($321 million, 59,902 clients).
Does Fidelity Institutional Wealth Adviser LLC have any disciplinary history?
Fidelity Institutional Wealth Adviser LLC answers yes to 3 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 Fidelity Institutional Wealth Adviser 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 (2026-03-30), 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 →