Fidelity Institutional Wealth Adviser LLC offers the Fidelity Managed Account Xchange Essentials platform, which provides financial intermediaries such as registered investment advisors, broker-dealers, banks, and family offices with access to a wide selection of investment solutions, including fund strategist portfolios, separately managed accounts, mutual funds, and exchange-traded products. The platform supplies intermediaries with research tools, reporting functionality, investment proposal generation, and billing administration. While the firm acts as the platform provider, intermediaries and third-party managers retain the responsibility for selecting appropriate investment strategies, establishing asset allocations, and exercising investment discretion for individual accounts. The firm operates as an indirect, wholly owned subsidiary of FMR LLC, doing business as Fidelity Investments.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.07% |
Rates vary by program type, ranging from 0.05% to 0.07% annually. Platform fees are waived for assets invested in Fidelity-affiliated products.