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Fidelity Advisor Separately Managed Accounts
Quality building blocks you can customize to clients' needs
Separately managed account models (SMAs) can help you meet growing client demand for a more tailored investing approach. By allowing you to offer personalization, tax-efficient investing, and transparency into their portfolios, SMAs can help you showcase your value to clients and deepen those relationships.
Given your clients' increasingly high expectations, you want to choose SMAs that leverage world-class investment capabilities that can help them reach their long-term goals. Integrating Fidelity's deep equity expertise and skill managing institutional-quality portfolios, Fidelity Advisor Separately Managed Accounts are compelling options for clients seeking capital appreciation.
Our equity SMAs pursue better outcomes through Fidelity's:
Innovative proven approaches to seeking capital appreciation
We draw on 70+ years of successfully managing equity investments to create and validate strategies that offer a competitive advantage.
Best ideas from globally integrated research
Fidelity's 390+ research professionals¹ work to identify opportunities and risks that inform stock selection and shape successful strategy outcomes.
Industry-leading insights and expertise
Tenured portfolio managers and strong quantitative teams guide portfolio construction and help the strategies effectively pursue their objectives.
Fidelity Advisor SMAs: Access to a Diverse Set of Equity Strategies
Our suite of SMAs—which we continue to expand—leverages the same established strategies and disciplined investment processes we use with our mutual funds and institutional clients.
Management Team |
Investment Approach |
Benchmark |
Holdings Target |
|
|---|---|---|---|---|
International Equity |
||||
| Fidelity Advisor International Capital Appreciation SMA | Sammy Simnegar Zach Dewhirst, CFA Timothy Gannon, CFA |
Seeks to invest in a combination of high-quality, cyclical growth stocks and structural, steady growers, both benefiting from long-term mega-trends. | MSCI® ACWI® ex-USA |
40–80 |
| Fidelity Advisor International Growth SMA | Jed Weiss Zach Dewhirst, CFA Anna Piralkova, CFA |
Seeks to invest in companies benefiting from multiyear structural growth tailwinds and high barriers to entry that are trading at attractive valuations based on Fidelity's earnings estimates. | MSCI® EAFE® Growth |
40–80 |
Sector |
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| Fidelity Advisor Health Care SMA | Eddie Yoon Zach Dewhirst, CFA |
Seeks to invest in health care companies, ranging from high-quality, stable earnings growers to opportunistic names producing innovative products that disrupt the marketplace. | MSCI® U.S. IMI Health Care 25/50 | 40–80 |
Domestic Equity |
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| Fidelity Advisor Founders SMA | Daniel Kelley Zach Dewhirst, CFA Wan Hua Tan, CFA |
Seeks to invest in founder-involved companies with strong earnings growth potential that are trading at reasonable prices. | Russell 3000® | 40–80 |
| Fidelity Advisor Growth Opportunities SMA | Kyle Weaver Becky Baker Zach Dewhirst, CFA Michael Kim |
Seeks to invest in companies with resilient business models that are inexpensive relative to our expectations of their earnings per share in three to seven years. | Russell 1000® Growth | 40–80 |
| Fidelity Advisor Large Cap Opportunities SMA | Tim Gannon, CFA Michelle Hoerber, CFA |
Seeks to invest in a combination of high conviction ideas from a selection of Fidelity portfolios across the U.S. large cap spectrum. | S&P 500® | 60–100 |
| Fidelity Advisor Small Company SMA | Forrest St. Clair Zach Dewhirst, CFA |
Seeks to invest small cap stocks with superior growth potential and financial characteristics that are trading at attractive valuations. | Russell 2000® | 60–100 |
| Fidelity Advisor Women's Leadership SMA | Nicole Connolly Zach Dewhirst, CFA Kenyon Hunt |
Seeks to invest in companies that prioritize and advance women's leadership/development and have strong competitive moats that can result in durable earnings growth or in companies we believe can benefit from open-ended growth opportunities. | Primary: Russell 3000® Secondary: MSCI® USA Women's Leadership |
40–80 |
Manager name in bold is the fundamental lead manager of the SMA. Not intended to represent any Fidelity Advisor Fund. See SMA risks and index definitions below.
Increasing choice and flexibility for client portfolios
Our goal is to give you tools and resources that can meet the growing needs of your clients, which will help you assert your unique value and stand out from the competition.
Fidelity Advisor SMAs are part of our broad range of options in a variety of vehicles—including mutual funds, ETFs, sub-advised portfolios, CITs, model portfolios, and liquidity management solutions—all of which can help you effectively address your clients' investing needs.
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- This document does not make an offer or solicitation to buy or sell any securities or services and is not investment advice.
- Not NCUA or NCUSIF insured. May lose value. No credit union guarantee.
- Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. ● Growth stocks can perform differently from other types of stocks and the market as a whole and can be more volatile than other types of stocks. ● Securities selected using quantitative analysis can perform differently from the market as a whole or securities selected using only fundamental analysis. ● The Adviser's applications of the founder-involved or women's leadership strategy may not achieve the intended results and the strategy could underperform the market as a whole. ● Application of FMR's ESG ratings process and/or its sustainable investing exclusion criteria may affect the Fidelity Advisor Women's Leadership SMA's exposure to certain issuers, sectors, regions, and countries and may affect the SMA's performance depending on whether certain investments are in or out of favor. This process may result in the SMA forgoing opportunities to buy certain securities when it might otherwise be advantageous to do so, or selling securities for ESG reasons when it might be otherwise disadvantageous for it to do so. ● The securities of smaller, less well-known companies can be more volatile than those of larger companies. ● The health care industries are subject to government regulation and reimbursement rates, as well as government approval of products and services, which could have a significant effect on price and availability, and can be significantly affected by rapid obsolescence and patent expirations. The strategy may have additional volatility because of its narrow concentration in a specific industry. ● The strategy may not achieve its intended results and could underperform the market as a whole.
- The Fidelity Advisor SMAs ("SMA Models") are made available to financial intermediaries on a non-discretionary basis by Fidelity Institutional Wealth Adviser LLC (FIWA), a registered investment adviser, including intermediaries referred to FIWA by its affiliate Fidelity Distributors Company LLC (FDC), a registered broker-dealer that is compensated by FIWA for such services. Financial intermediaries compensate FIWA for utilizing the SMA Models.
- FDC and FIWA ("Fidelity") are not acting as a fiduciary or in any advisory capacity in providing this information to you or any of your clients. The information is designed to be utilized by you solely as a resource, along with other potential sources, in providing advisory services to your clients. You are solely responsible for determining whether the SMA Models and the investments included in the SMA Models are appropriate and suitable for you to base a recommendation on or provide advice to any end investor about the potential use of the SMA Models.
- Fidelity does not have investment discretion and does not place trade orders for any of your clients' accounts. Information and other marketing materials provided to you by Fidelity concerning the SMA Models are not indicative of your client's potential experience from utilizing one or more of the SMA Models.
- The Chartered Financial Analyst (CFA) designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least 4,000 hours of qualifying work experience completed in a minimum of 36 months, among other requirements. CFA® is a trademark owned by CFA Institute.
- 1. Source: Fidelity Investments, as of 12/31/22. Data is unaudited. Research professionals include both analysts and associates.
- DEFINITIONS AND IMPORTANT INFORMATION
- MSCI ACWI (All Country World Index) ex USA Index is a market capitalization-weighted index designed to measure the investable equity market performance for global investors of large- and mid-cap stocks in developed and emerging markets, excluding the United States. ● MSCI EAFE Growth Index is a market capitalization-weighted index that is designed to measure the investable equity market performance of growth stocks for global investors in developed markets, excluding the U.S. and Canada. ● MSCI U.S. IMI Health Care 25/50 Index is a modified market capitalization-weighted index of stocks designed to measure the performance of health care companies in the MSCI U.S. Investable Market 2500 Index. The MSCI U.S. Investable Market 2500 Index is the aggregation of the MSCI U.S. Large Cap 300, Mid Cap 450, and Small Cap 1750 Indices. ● MSCI USA Women's Leadership Index aims to represent the performance of those companies that exhibit a commitment towards gender diversity among their board of directors and among the leadership positions. The index aims to include companies which lead in their respective countries in terms of female representation in Board and in leadership positions. The index is constructed as a sector neutral index so that each GICS® Sector weight in the Index is equal to its weight in the underlying MSCI index. Within each sector group, constituents of the index are equally weighted. ● Russell 1000 Growth Index is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. It includes those Russell 1000 Index companies with higher price-to-book ratios and higher forecasted growth rates. ● Russell 2000 Index is a market capitalizationweighted index designed to measure the performance of the small-cap segment of the U.S. equity market. It includes approximately 2,000 of the smallest securities in the Russell 3000 Index. ● Russell 3000 Index is a market capitalization-weighted index designed to measure the performance of the 3,000 largest companies in the U.S. equity market. ● S&P 500 Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. ● It is not possible to invest directly in an index. All market indices are unmanaged. ● Third-party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company.