Provider Profiles
Fidelity Institutional Asset Management, LLC
| Profile | |
| Business Model/Type§ | Proprietary/ non-proprietary |
| Year Entered Into OCIO Business | 1998 |
| No. of Relationship Managers/Salespeople | 8 |
| No. of OCIO Portfolio Managers | 4 |
| OCIO % of Total Firm Revenue | Not available |
| No. of Clients, Full Discretion | 78 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $18.1B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $8.6B |
| 401(k), 403(b), Other DC | |
| Endowments/Foundation | |
| Health Care | |
| Other | $9.5B |
| Portfolio Construction |
Global Institutional Solutions (GIS) creates and manages multi-asset class portfolios for institutional clients. Clients often hire GIS to oversee the monitoring, rebalancing, and re-allocating using tactical tilts in their portfolios. Although the client continues to be responsible for setting the investment policy, GIS would be responsible for making over- and under-weights within the portfolio, subject to client-specified bands. In this case, GIS has continuous and transparent access to holdings of client portfolios and would rebalance or re-allocate anytime during the month, as needed, to meet objectives. Contributions and withdrawals also present opportunities for GIS to rebalance the portfolio within the client guidelines. |
| § | OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. |
| OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. | |
| Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. | |
| Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. |