Portfolio Advisory Services

Through Fidelity® Wealth Services

At Fidelity® Wealth Services, our focus is on helping you and your family reach your financial goals. We help you accomplish this through a combination of planning, personalized investment management, and the support of your advisor and investment team.


Developing a personalized investment plan around your family's full financial picture can be daunting. Fortunately, you don't have to do it on your own. We can manage your investments through a Portfolio Advisory Services account.

Sticking to a plan and staying invested is crucial to success. But this can be a challenge for investors, particularly during periods of market volatility. As the graphic below shows, the average investor has generally underperformed the market. However, with the help of an advisor and the confidence that comes from having a professionally managed account personalized around your preferences, it's possible to stay invested and on track.


Bar graph shows how average investors' returns have compared to market indexes over time. It compares average annual returns for the average stock fund investor, the S&P 500 Index, the average bond fund investor, and the Bloomberg Aggregate Bond Index. Between January 1, 2003, and December 31, 2023, the average stock fund investor has seen returns of 8.66%, the S&P 500 Index has returned 9.69%, the average bond fund investor has seen returns of -0.19%, and the Bloomberg Aggregate Bond Index has returned 3.17%. Source: Quantitative Analysis of Investor Behavior 2024, DALBAR, Inc. Past performance is not a guarantee of future results. Data compares performance from January 1, 2003, to December 31, 2023. See footnote 1.

A Portfolio Advisory Services account can help take the day-to-day challenges of investing, and the discipline it requires, off your shoulders. Industry studies estimate that professional financial advice can add up to 5.1% to portfolio returns over extended periods, depending on the time period and how returns are calculated.²


When you work with us, we'll provide clear, straightforward recommendations, with a focus on growing and protecting your wealth. Your advisor, who will serve as a point of contact for a team of experienced investment management professionals, will work with you to identify your long-term goals, and help you build a plan to achieve them, including a personalized portfolio. It's important to remember that we'll continue to work with you to make adjustments as necessary evolving your plan as your life, needs, and goals change.




1. "Investor behavior: The Quantitative Analysis of Investor Behavior (QAIB)." 2024, was produced by DALBAR, Inc. The QAIB uses data from the Investment Company Institute (ICI), Standard & Poor's, Bloomberg Barclays indexes, and proprietary sources to compare mutual fund investor returns to an appropriate set of benchmarks. Covering the period from January 1, 2003 - December 31, 2023, the study utilizes mutual fund sales, redemptions, and exchanges each month as the measure of investor behavior. These behaviors reflect the "average investor." Based on this behavior the analysis calculates the "average investor return" for various periods. These results are then compared to the returns of respective indexes. QAIB calculates investor returns as the change in assets, after excluding sales, redemptions, and exchanges. This method of calculations captures realized and unrealized capital gains, dividends, interest, trading costs, sales charges, fees, expenses, and any other costs. After calculating investor returns in dollar terms, two percentages are calculated: total investor return rate for the period and annualized investor return rates. Total return rate is determined by calculating the investor return dollars as a performance of the net assets, sales, redemptions, and exchanges for the period. Annualized return rate is calculated as the uniform rate that can be compounded annually for the period under consideration to produce the investor return dollars. The S&P 500® is a market capitalization–weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation. S&P and S&P 500 are registered service marks of Standard & Poor's Financial Services LLC. The Bloomberg Aggregate Bond Index is an unmanaged market value–weighted index representing securities that are SEC registered, taxable, and dollar-denominated. This index covers the U.S. investment grade fixed-rate bond market, with index components for a combination of the Barclays government and corporate securities, mortgage-backed pass-through securities, and asset-backed securities. Indexes do not take into account the fees and expenses associated with investing, and it is not possible to invest directly in an index.

2. Depending on the time period and how returns are calculated. Value of advice sources: Envestnet's "Capital Sigma: The Advisor Advantage" estimates advisor value add at an average of 3% per year, 2023; Russell Investments 2023 Value of a Financial Advisor estimates value add at approximately 5.12%; and Vanguard, "Putting a value on your value: Quantifying Vanguard Advisor’s Alpha®," 2022, estimates lifetime value add at an average of 3%. The methodologies for these studies vary greatly. In the Envestnet and Russell studies, the paper sought to identify the absolute value of a set of services, while the Vanguard study compared the expected impact of advisor practices to a hypothetical base-case scenario.

For over 30 years, our investment team has been helping clients reach their goals


Strategic Advisers LLC serves as the investment team at Fidelity that will take on the day-to-day management of your account.


  • Your money will be managed by a team of investment professionals who follow a disciplined process supported by multi-dimensional research.
  • Our extensive fundamental and quantitative research is focused on evaluating hundreds of managers and analyzing their risk/return potential.
  • Our portfolio managers have specialized areas of focus in asset allocation and specific asset classes, and drive our investment selection and risk management decisions.

Graphic display the four basic premises upon which our investment approach is based. They are as follows. Research: We follow the markets closely and meet with hundreds of portfolio managers annually. We analyze their investment strategies to find the most appropriate investments for our clients. Portfolio Management: We continuously monitor portfolios to manage risk and ensure they stay aligned with your stated goals and risk tolerance. Personalized Trading: We personalize our clients’’ accounts with investment preferences and apply a number of tax-smart techniques designed to help reduce the impact of taxes. Custom Investments: We use our size and scale to attempt to give you cost-effective access to industry-leading managers through our proprietary multi-manager funds and Separately Managed Accounts (SMAs) sleeves. The following statistics help describe our scale: Over $750+ billion in assets under management. 160+ investment professionals. 70+ portfolio management associates. 70+ fundamental and quantitative analysts.



1. Tax-smart (i.e., tax-sensitive) investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, primarily with respect to determining when assets in a client’s account should be bought or sold. Assets contributed may be sold for a taxable gain or loss at any time. There are no guarantees as to the effectiveness of the tax-smart investing techniques applied in serving to reduce or minimize a client's overall tax liabilities, or as to the tax results that may be generated by a given transaction.

2. Please note that you will be charged an additional fee for certain SMA sleeves held in your account. These fees are in addition to the gross advisory fee for Fidelity® Wealth Services. Please refer to the Fidelity Wealth Services Program Fundamentals or Client Agreement for detailed fee information.

3. As of 06/30/2023. Strategic Advisers LLC assets under management include only managed account assets. Source Fidelity Investments.

4. Source: Fidelity Investments as of 06/30/2023. Data is unaudited. These figures reflect the resources of Strategic Advisers LLC, an indirect and wholly owned subsidiary of Fidelity Management & Research Company. Number of investment professionals includes Portfolio Managers, Institutional Portfolio Managers, Investment Managers and Research Professionals.

We follow a disciplined investment process designed to help you stay on track to meet your goals


  • A long-term focus can help you weather short-term market events.
  • Diversification across asset classes helps provide the appropriate balance between risk and return.
  • A disciplined investment process and rebalancing will help keep you on track toward your goals.
  • The addition of tax-smart investing techniques1 is designed to help enhance after-tax investment results.2
Graphic shows a pyramid depicting the multiple facets of Strategic Advisers investment process. At the base of this pyramid is Oversight and Risk Management, which helps inform all other facets. At the next level is Research, followed by Long-Term Asset Allocation. At the top of the pyramid are portfolio construction and active management of long-term asset allocations, both of which are informed by tax-smart investment management.
1. Tax-smart (i.e., tax-sensitive) investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, primarily with respect to determining when assets in a client's account should be bought or sold. Assets contributed may be sold for a taxable gain or loss at any time. There are no guarantees as to the effectiveness of the tax-smart investing techniques applied in serving to reduce or minimize a client's overall tax liabilities, or as to the tax results that may be generated by a given transaction.

2. For taxable accounts. Does not include BlackRock® Diversified Income Portfolio accounts.

More information