# Fidelity Diversifying Solutions LLC

> 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.

- CRD: 315088
- Filed as: FIDELITY DIVERSIFYING SOLUTIONS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: August 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/315088
- AdvisorCensus page: https://advisorcensus.com/firm/fidelity-diversifying-solutions-llc-boston-ma-315088

## Quick answers

**How is Fidelity Diversifying Solutions LLC compensated?**
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.

**Where is Fidelity Diversifying Solutions LLC located?**
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).

**Is Fidelity Diversifying Solutions LLC registered with the SEC or a state?**
Fidelity Diversifying Solutions LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315088.

**How much does Fidelity Diversifying Solutions LLC manage?**
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).

**How have Fidelity Diversifying Solutions LLC's assets and staff changed since 2022?**
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.

**What types of clients does Fidelity Diversifying Solutions LLC serve?**
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).

**Which custodians does Fidelity Diversifying Solutions LLC use?**
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.

**Does Fidelity Diversifying Solutions LLC report any disciplinary disclosures?**
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

**What changed in Fidelity Diversifying Solutions LLC's recent Form ADV filings?**
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- State Street Bank and Trust Company
- The Bank of New York Mellon
- The Northern Trust Company

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.

### Regulatory assets under management (Item 5.F)
- Total: $18,878,085,695
- Discretionary: $18,878,085,695
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 23 | $9,994,920,106 |
| Business development companies | 2 | $3,141,858,898 |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $4,808,670,755 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $480,259,023 |
| Charitable organizations | Fewer than 5 | $102,284,428 |
| Other | Fewer than 5 | $350,092,485 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2021 (4 years)
- Employees: 44 total, 44 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): 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?
- 11.D(4): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/315088

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Boston, MA
- Chicago, IL
- Jersey City, NJ
- Merrimack, NH
- Smithfield, RI

### Websites listed on Form ADV (Item 1.I)
- clearingcustody.fidelity.com
- fidcredit.com
- fidelity.com
- institutional.fidelity.com
- LinkedIn @fidelity-for-institutional-investors
- LinkedIn @fidelity-for-wealth-managers
- X @FidelityPolicy
- X @fidelityforIIs
- X @fidelityforWMs
- X @fidelitynews
- YouTube @FidelityInstitutional

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | Not reported | 0 | July 22, 2022 |
| October 2023 | $86,361,473 | 21 | August 8, 2023 |
| October 2024 | $2,602,048,037 | 22 | March 28, 2024 |
| October 2025 | $9,658,729,292 | 35 | May 21, 2025 |
| October 2026 | $18,878,085,695 | 44 | August 20, 2026 |

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.

## Changes in the filing (last 12 months)

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fidelity Diversifying Solutions LLC (CRD 315088): Form ADV filing data as of October 2026.