Svmuu News: Asset management firm Fidelity Investments announced the expansion of its Separately Managed Account (SMA) product line, adding six customized strategies and two model strategies for Registered Investment Advisors (RIAs) and brokerage clients to enhance personalized investment services for high-net-worth clients.
The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity Strategy and the Fidelity Institutional Tax-Managed Fundamental Equity Strategy. Both strategy types cover large-cap core, growth, and value investment approaches, combining Fidelity’s long-term active management capabilities with a customized SMA service model.
Specifically, the Enhanced Equity Strategy employs a benchmark-tracking framework to seek excess return opportunities through diversified alpha factors, while the Fundamental Equity Strategy is based on a systematic portfolio construction process combined with high-conviction stock selection.
Fidelity stated that these strategies are now available to RIAs through its customized SMA platform, which is integrated with the Fidelity Wealthscape brokerage platform to help wealth management firms handle client onboarding, strategy customization, execution, and portfolio monitoring.
Amanda Robinson, Head of Distribution for Fidelity’s Wealth Advisor Management Solutions, noted that as investor demand for personalized investment experiences continues to grow—particularly among the expanding ultra-high-net-worth client base—wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.
Since launching its institutional custom SMA product line in 2022, Fidelity has expanded its offering of standardized SMA strategies to 50, while also enabling advisors to combine multiple indices or strategies to create customized allocation solutions based on client needs.
In addition, Fidelity has launched two equity model SMA strategies: the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA, designed for RIA and brokerage clients and capable of being integrated into the Unified Management Account (UMA) system to enable more comprehensive and tax-optimized investment management.
Currently, Fidelity offers eight active equity model SMA strategies covering U.S. equities, sectors, and international equity markets, with an additional five factor-based model strategies and two index-based model strategies available through Fidelity Managed Account Xchange (FMAX) and third-party platforms.
Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management, which consists of more than 250 quantitative analysts, data scientists, and technical specialists who identify investment opportunities using proprietary data accumulated over the long term, systematic investment methods, and artificial intelligence technology.