{
  "crd_number": 104555,
  "slug": "strategic-advisers-llc-boston-ma-104555",
  "primary_business_name": "STRATEGIC ADVISERS LLC",
  "legal_name": "STRATEGIC ADVISERS 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": "1977-08-11",
  "years_registered": 49,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 1370125325211.0,
  "raum_discretionary": 1321075214792.0,
  "raum_non_discretionary": 49050110419.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 17112,
  "advisory_employees": 17112,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 8160033.0,
      "count": null,
      "description": "PROPRIETARY TEST ACCOUNTS",
      "fewer_than_5": true
    },
    "charitable": {
      "raum": 49771773876.0,
      "count": 12
    },
    "individuals": {
      "raum": 164636156091.0,
      "count": 1654834
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 7349816620.0,
      "count": 92
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 589436237564.0,
      "count": 15
    },
    "pension_profit_sharing": {
      "raum": 161528146440.0,
      "count": 10164
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 396748794313.0,
      "count": 736141
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 646240274.0,
      "count": 505
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/fidelityinvestments",
    "https://fidelity.com",
    "https://instagram.com/fidelity",
    "https://instagram.com/womentalkmoney",
    "https://linkedin.com/company/fidelity-investments",
    "https://linkedin.com/showcase/fidelity-for-institutional-investors",
    "https://linkedin.com/showcase/fidelity-for-wealth-managers",
    "https://linkedin.com/showcase/fidelitywealthmanagement",
    "https://linkedin.com/showcase/womentalkmoney",
    "https://reddit.com/r/fidelityinvestments",
    "https://reddit.com/u/fidelityinvestments",
    "https://tiktok.com/@fidelity",
    "https://x.com/FidelityPolicy",
    "https://x.com/fidelity",
    "https://x.com/fidelityforIIs",
    "https://x.com/fidelityforWMs",
    "https://x.com/fidelitynews",
    "https://youtube.com/@FidelityInstitutional",
    "https://youtube.com/fidelityinvestments"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104555",
  "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?"
    },
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    }
  ],
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/strategic-advisers-llc-boston-ma-104555",
  "display_name": "Strategic Advisers LLC",
  "summary": "Strategic Advisers LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 1977, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Strategic Advisers LLC (CRD 104555): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Strategic Advisers LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Strategic Advisers LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is Strategic Advisers LLC located?",
      "a": "Strategic Advisers LLC's principal office is in Boston, MA, according to its Form ADV; the April 2026 filing also lists 21 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Strategic Advisers LLC registered with the SEC or a state?",
      "a": "Strategic Advisers LLC is an SEC-registered investment advisory firm, registered since 1977. Status as filed: Approved. CRD 104555."
    },
    {
      "q": "How much does Strategic Advisers LLC manage?",
      "a": "Strategic Advisers LLC reports $1,370,125,325,211 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (96% discretionary)."
    },
    {
      "q": "How have Strategic Advisers LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Strategic Advisers LLC: Regulatory assets under management: $568,281,770,108 in the October 2021 data and $1,370,125,325,211 in the October 2026 data, up 141%. Total employees: 207 in October 2021 and 17,112 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Strategic Advisers LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,654,834); high net worth individuals (736,141); pension and profit sharing plans (but not the plan participants or government pension plans) (10,164)."
    },
    {
      "q": "Which custodians does Strategic Advisers LLC use?",
      "a": "Strategic Advisers LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Strategic Advisers LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). 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/104555"
    },
    {
      "q": "What changed in Strategic Advisers LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 16178 to 17112. Regulatory assets under management went from $1,067,664,605,590 to $1,370,125,325,211 (+28%). Changed its office addresses in Burlington, MA. Changed its office addresses in Durham, NC. Changed its office addresses in Merrimack, NH. Added an office in Naperville, IL. Added an office in Paramus, NJ. Added an office in Southlake, TX. No longer lists an office in Boston, MA. No longer lists an office in Sarasota, FL. No longer lists an office in Troy, MI."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 568281770108.0,
      "total_employees": 207,
      "filing_date": "2021-07-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 737260972902.0,
      "total_employees": 235,
      "filing_date": "2022-09-20"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 659550224982.0,
      "total_employees": 219,
      "filing_date": "2023-08-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 824740096815.0,
      "total_employees": 269,
      "filing_date": "2024-06-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1067664605590.0,
      "total_employees": 16291,
      "filing_date": "2025-05-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1370125325211.0,
      "total_employees": 17112,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 16178 to 17112.",
        "Regulatory assets under management went from $1,067,664,605,590 to $1,370,125,325,211 (+28%).",
        "Changed its office addresses in Burlington, MA.",
        "Changed its office addresses in Durham, NC.",
        "Changed its office addresses in Merrimack, NH.",
        "Added an office in Naperville, IL.",
        "Added an office in Paramus, NJ.",
        "Added an office in Southlake, TX.",
        "No longer lists an office in Boston, MA.",
        "No longer lists an office in Sarasota, FL.",
        "No longer lists an office in Troy, MI."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": true
    }
  ],
  "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/strategic-advisers-llc-boston-ma-104555.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1654834,
      "fewer_than_5": false,
      "raum": 164636156091.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 736141,
      "fewer_than_5": false,
      "raum": 396748794313.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 15,
      "fewer_than_5": false,
      "raum": 589436237564.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 10164,
      "fewer_than_5": false,
      "raum": 161528146440.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 12,
      "fewer_than_5": false,
      "raum": 49771773876.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 92,
      "fewer_than_5": false,
      "raum": 7349816620.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 505,
      "fewer_than_5": false,
      "raum": 646240274.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 8160033.0
    }
  ],
  "disclosure_line": "Reports 3 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/104555",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}