Firm Description
Fidelis Capital Partners, LLC (“Fidelis,” “Firm,” “we” or “our”) is a Delaware Limited Liability
Company having registered as an investment adviser with the SEC on 6/24/2022. Our principal
office location is 4221 W Boy Scout Blvd., Suite 730, Tampa, FL 33607.
Fidelis is principally owned by FCP Advisor Partners, LLC.
Types of Services
As described further in this section, the Firm offers a variety of services, including investment
advisory and non-investment advisory services. These services are provided to individuals
(including high net worth individuals), family offices, trusts, estates, philanthropic and non-
profit organizations, and other types of business entities (referred to as “client,” “you,” or “your”
hereafter). How we are compensated for these services is described in detail in Item 5 of this
Disclosure Brochure.
Investment Advisory Services
Investment advisory services are provided based on the clientʼs specific needs within the scope
of the services provided as discussed above. A review of the information provided by the client
regarding the clientʼs current financial situation, goals, and risk tolerances will be performed
and advice will be provided that is in line with available information. Clients are free to place
restrictions on investing in certain securities positions or types by notifying the Firm either in
writing or orally.
We provide the following investment advisory services to our clients:
i. Portfolio Management Services (discretionary and non-discretionary),
ii. Financial Planning Services,
iii. Retirement Plans, and
iv. Selection of Other Sub-Managers.
These services are collectively referred to as our “Investment Advisory Services.” A description
of the fees associated with these Investment Advisory Services can be found in Item 5.
Portfolio Management Services (discretionary and non-discretionary)
Fidelis specializes in quantitative, fundamental, technical, and economic analysis to determine
what investments are in favor of Fidelisʼ investment models. Fidelis assesses client’s current
holdings and seeks to align both short-term and long-term goals. The Firm performs ongoing
reviews of investment performance and portfolio exposure to market conditions. Any and all
trades are made in the best interest of the client as part of Fidelisʼ fiduciary duty. However, risk is
inherent to any investing strategy and model. Therefore, Fidelis does not guarantee any results or
returns.
With the exception of alternative investments, the Firm typically offers its portfolio management
services on a discretionary basis. Accordingly, the Firm is generally authorized to perform various
functions without further approval from the client, such as the determination of securities to be
purchased or sold without prior permission from the client for each transaction in discretionary
accounts. Please refer to Item 16 for further discussion of investment discretion.
Fidelis has partnered with its custodian for margin loans to be offered to its clients. Upon client
request, Fidelis may recommend that a client establish a margin account / apply for a securities-
based loan with the client’s custodian to collateralize investment assets to access cash flow. Please
refer to item 8, Methods of Analysis, Investment Strategies and Risk of Loss, for a complete
discussion of the risks associated with the investment strategies and investments used in our
portfolio management services.
Prior to engaging Fidelis to provide any investment advisory services, Fidelis requires a written
Financial Service Agreement (“FSA”) signed by the client. The Firm will outline services to which
the client is entitled and fees the client will incur.
Generally, Fidelis is an asset-based investment management firm. The Firm does not receive
commissions for purchasing or selling stocks, bonds, mutual funds, Real Estate Investment Trusts,
or other commissioned products for clients.
Fidelis does not act as a custodian of client assets. The client always maintains asset control.
Fidelis places trades for clients under a limited power of attorney through a qualified
custodian/broker.
Financial Planning Services
The Firm may provide clients with Financial Planning Services which is advice related to the
client's financial circumstances and objectives. Such services may include investment analysis
and recommendations based on the client's objectives, goals, and financial situation; however,
recommendations of specific securities or asset management strategies will not be part of the
plan. The scope of Financial Planning Services to be provided to the client will be customized
based on the needs of the client and will be detailed in the agreement between the client and us.
A description of the fees associated with these Financial Planning Services can be found in Item
5.
Retirement Accounts – DOL Disclosure
We are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act
of 1974 (“ERISA”) and/or the Internal Revenue Code (“Code”), as applicable, when we provide
investment advice regarding portfolio assets held in an IRA, Roth IRA, Archer Medical Savings
Account, a Plan covered by ERISA, or a plan described in Section 4975(e)(1)(A) of the Code
(collectively referred to collectively sometimes
herein as (“Retirement Accounts”).
To ensure that Fidelis will adhere to fiduciary norms and basic standards of fair dealing with
respect to Retirement Accounts, we are required to give advice that is in the "best interest" of
the retirement client. The best interest standard has two chief components, prudence and
loyalty. Under the prudence standard, the advice must meet a professional standard of care and
under the loyalty standard, our advice must be based on the interests of our retirement clients,
rather than the potential competing financial interest of Fidelis.
To address the conflicts of interest with respect to our compensation, we are required to act in
your best interest and not put our interest ahead of yours. To this end, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice).
• Never put our financial interests ahead of yours when making recommendations (give
loyal advice).
• Avoid misleading statements about conflicts of interest, fees, and investments.
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest.
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Selection of Other Sub-Managers
As part of our investment advisory services, we may recommend that you use the services of a
Sub-Manager to manage your entire, or a portion of your, investment portfolio. After gathering
information about your financial situation and objectives, we may recommend that you engage a
specific Sub-Manager. Factors that we take into consideration when making our
recommendation(s) include, but are not limited to, the following: the Sub-Manager’s
performance, methods of analysis, fees, your financial needs, investment goals, risk tolerance,
and investment objectives.
We will periodically monitor the Sub-Manager(s)' performance to ensure its management and
investment style remains aligned with your investment goals and objectives. The Sub-
Manager(s) will actively manage your portfolio and will assume discretionary investment
authority over your account. Fidelis will assume discretionary authority to hire and fire Sub-
Manager(s) and/or reallocate your assets to other Sub-Manager(s) where we deem such action
appropriate.
Additional fees are associated with the use of Sub-Managers. A description of the fees associated
with these Sub-Managers can be found in Item 5.
Wrap Fee Program
Fidelis does not offer a Wrap Fee Program.
Non-Investment Advisory Services
Separately from the Investment Advisory Services described above, we provide the following
non-investment advisory services (collectively referred to as “Non-Investment Advisory
Services”) to our clients:
i. Business Consulting Services, and
ii. “Suite of Services” (third-party service provider recommendations)
Clients are under no obligation to engage Fidelis Capital for Non-Investment Advisory Services.
A description of the fees associated with these Non-Investment Advisory Services can be found
in Item 5. Unless stated otherwise, fees associated with Non-Investment Advisory Services are in
addition to fees incurred for Investment Advisory Services.
Business Consulting and Planning
Fidelis provides clients with Business Consulting and Planning services related to the specific
client’s business-related financial circumstances and objectives. These services are focused on the
client’s objectives, goals and financial situation; however, recommendations of specific securities
or asset management strategies will not be provided under these services. The scope of these
Business Consulting and Planning services will be customized based on the needs of the client and
may include:
• Corporate Goal Setting
• Designing Corporate Structure
• Facilitating Relationships with Subject Matter Experts (Attorneys, CPAs, and PR and
Marketing firms as needed)
• Business Continuity Instructions
• Investor Communications
• Proactive Tax Strategy Review
• Other Bespoke Consulting Services
Suite of Services (third party provider recommendations)
Fidelis collaborates with third-party services providers to create solutions suited to a client’s
needs. If Fidelis recommends the service provider(s), and the client engages the provider(s), then
the client will pay the provider(s) directly for the provider(s)’ services. This is in addition to any
fees the client pays to Fidelis. While Fidelis may have pre-existing business relationship with the
selected provider(s), Fidelis does not receive any referral fees, percentages of payments by clients
to the service provider(s), or any other form of compensation associated with selection of a
particular service provider. This service may be included as part of Fidelis' Investment Advisory
Services (discussed above) and typically encompasses accounting services, trust services, private
banking, and tax preparation. A client of Fidelis’ Investment Advisory Services program will not
pay additional fees to Fidelis for using the Suite of Services. A description of the fees and services
related to Suite of Services can be found in Item 5.
Assets Under Management
As of December 31, 2023, we managed $908,432,334 in
discretionary assets, and $8,728,816 in non-discretionary assets.