{ "crd_number": 315088, "slug": "fidelity-diversifying-solutions-llc-boston-ma-315088", "primary_business_name": "FIDELITY DIVERSIFYING SOLUTIONS LLC", "legal_name": "FIDELITY DIVERSIFYING SOLUTIONS LLC", "dbas": [], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2021-10-29", "years_registered": 4, "period": "2026-10-01", "filing_date": "2026-08-20", "carried_forward": false, "raum_total": 18878085695.0, "raum_discretionary": 18878085695.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 44, "advisory_employees": 44, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 350092485.0, "count": null, "description": "FUND OF ONE", "fewer_than_5": true }, "charitable": { "raum": 102284428.0, "count": null, "fewer_than_5": true }, "investment_companies": { "raum": 9994920106.0, "count": 23 }, "pension_profit_sharing": { "raum": 480259023.0, "count": null, "fewer_than_5": true }, "pooled_investment_vehicles": { "raum": 4808670755.0, "count": 10 }, "business_development_companies": { "raum": 3141858898.0, "count": 2 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "AK", "AL", "CA", "CT", "DC", "DE", "FL", "GA", "HI", "IA", "IL", "IN", "KS", "MA", "MD", "MI", "MN", "MO", "NH", "NJ", "NM", "NV", "NY", "OH", "OR", "PA", "RI", "TN", "TX", "VA", "VT", "WA", "WI", "WV", "WY" ], "websites": [ "https://clearingcustody.fidelity.com", "https://fidcredit.com", "https://fidelity.com", "https://institutional.fidelity.com", "https://linkedin.com/showcase/fidelity-for-institutional-investors", "https://linkedin.com/showcase/fidelity-for-wealth-managers", "https://x.com/FidelityPolicy", "https://x.com/fidelityforIIs", "https://x.com/fidelityforWMs", "https://x.com/fidelitynews", "https://youtube.com/@FidelityInstitutional" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/315088", "disclosure_items": [ { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" } ], "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/fidelity-diversifying-solutions-llc-boston-ma-315088", "display_name": "Fidelity Diversifying Solutions LLC", "summary": "Fidelity Diversifying Solutions LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2021, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 20, 2026.", "citation": "AdvisorCensus. Fidelity Diversifying Solutions LLC (CRD 315088): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Fidelity Diversifying Solutions LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Fidelity Diversifying Solutions LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other." }, { "q": "Where is Fidelity Diversifying Solutions LLC located?", "a": "Fidelity Diversifying Solutions LLC's principal office is in Boston, MA, according to its Form ADV; the September 2026 filing also lists 5 other offices (Schedule D, Section 1.F)." }, { "q": "Is Fidelity Diversifying Solutions LLC registered with the SEC or a state?", "a": "Fidelity Diversifying Solutions LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315088." }, { "q": "How much does Fidelity Diversifying Solutions LLC manage?", "a": "Fidelity Diversifying Solutions LLC reports $18,878,085,695 in regulatory assets under management in its Form ADV filing dated August 20, 2026 (100% discretionary)." }, { "q": "How have Fidelity Diversifying Solutions LLC's assets and staff changed since 2022?", "a": "In the Form ADV data for Fidelity Diversifying Solutions LLC: Regulatory assets under management: $86,361,473 in the October 2023 data and $18,878,085,695 in the October 2026 data, up 21759%. Total employees: 0 in October 2022 and 44 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Fidelity Diversifying Solutions LLC serve?", "a": "By number of clients on Form ADV Item 5.D: investment companies (23); pooled investment vehicles (other than investment companies and business development companies) (10); business development companies (2)." }, { "q": "Which custodians does Fidelity Diversifying Solutions LLC use?", "a": "Fidelity Diversifying Solutions LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Fidelity Diversifying Solutions LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/315088" }, { "q": "What changed in Fidelity Diversifying Solutions LLC's recent Form ADV filings?", "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2022-10-01", "regulatory_assets_under_management": null, "total_employees": 0, "filing_date": "2022-07-22" }, { "period": "2023-10-01", "regulatory_assets_under_management": 86361473.0, "total_employees": 21, "filing_date": "2023-08-08" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2602048037.0, "total_employees": 22, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 9658729292.0, "total_employees": 35, "filing_date": "2025-05-21" }, { "period": "2026-10-01", "regulatory_assets_under_management": 18878085695.0, "total_employees": 44, "filing_date": "2026-08-20" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 35 to 44.", "Regulatory assets under management went from $9,658,729,292 to $18,878,085,695 (+95%).", "Added an office in Boston, MA.", "Added an office in Jersey City, NJ." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "State Street Bank and Trust Company", "name_as_filed": "STATE STREET BANK AND TRUST COMPANY", "affiliated": false }, { "name": "The Bank of New York Mellon", "name_as_filed": "THE BANK OF NEW YORK MELLON", "affiliated": false }, { "name": "The Northern Trust Company", "name_as_filed": "THE NORTHERN TRUST COMPANY", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/fidelity-diversifying-solutions-llc-boston-ma-315088.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 23, "fewer_than_5": false, "raum": 9994920106.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 2, "fewer_than_5": false, "raum": 3141858898.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 4808670755.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": null, "fewer_than_5": true, "raum": 480259023.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 102284428.0 }, { "type": "other", "label": "Other", "count": null, "fewer_than_5": true, "raum": 350092485.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/315088", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }