9AT: STRATEGIC ADVISERS LLC

other names

STRATEGIC ADVISERS LLC
CROSBY ADVISORS
STRATEGIC ADVISERS, INC.
STRATEGIC ADVISERS INC.
SAME
PORTFOLIO PLANNER
PORTFOLIO ADVISORY SERVICES/PAS
PORTFOLIO ADVISORY SERVICES
FIDELITY PRIVATE PORTFOLIO SERVICES
FIDELITY PORTFOLIO SELECTOR
FIDELITY PORTFOLIO PLANNER
FIDELITY FUNDS MANAGERPROGRAM

Adviser Profile

As of Date	02/06/2026
ADV Location	BOSTON, MA, United States
Adviser Type - Large advisory firm - An investment adviser (or subadviser) to an investment company
Number of Employees	16,291 5956%
of those in investment advisory functions	16,178 10139%
Registration	SEC, Approved, 08/11/1977

AUM^*	1,067,664,605,590 29%
of that, discretionary	1,027,285,106,259 30%
Private Fund GAV^*	0 -100%
Avg Account Size	429,362 2%
% High Net Worth	30.73% -4%
SMA’s	Yes
Private Funds	2 1
Contact Info	617 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Investment companies
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for businesses
- Selection of other advisers
- Educational seminars/workshops

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name PRICEWATERHOUSE COOPERS	Filing Date09/24/2025	Form ADV-E View Report

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count2	GAV$

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser CITADEL ADVISORS LLC	Hedge Fund531.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV531.9b	AUM446.0b	#Funds32
Adviser GEODE CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1,376.5b	#Funds-
Adviser MILLENNIUM MANAGEMENT LLC	Hedge Fund567.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV567.4b	AUM571.1b	#Funds34
Adviser SQUAREPOINT OPS LLC	Hedge Fund162.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV162.5b	AUM182.2b	#Funds22
Adviser HIGHTOWER ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund163.4m	Total Private Fund GAV163.4m	AUM164.8b	#Funds1
Adviser TWO SIGMA ADVISERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM74.3b	#Funds-
Adviser ALPHADYNE ASSET MANAGEMENT LP	Hedge Fund147.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV147.4b	AUM147.4b	#Funds9
Adviser BRACEBRIDGE CAPITAL, LLC	Hedge Fund99.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV99.5b	AUM84.7b	#Funds12
Adviser ELEMENT CAPITAL MANAGEMENT LLC	Hedge Fund43.0b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV43.0b	AUM40.0b	#Funds5
Adviser GARDA CAPITAL PARTNERS	Hedge Fund207.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV207.1b	AUM207.1b	#Funds3

Brochure Summary

Overview

Strategic Advisers LLC (“Strategic Advisers”) is a registered investment adviser under the Investment Advisers Act of 1940 (“Advisers Act”) and an indirect, wholly owned subsidiary of FMR LLC (collectively with Strategic Advisers and its affiliates, “Fidelity Investments,” “Fidelity,” “us,” “our,” or “we”). Strategic Advisers was formed in 1977 and provides a variety of investment management services, including discretionary portfolio management services to retail and institutional clients and nondiscretionary advisory services to certain institutional clients, including but not limited to Fidelity affiliates. This brochure provides information only about Strategic Advisers’ role with respect to Fidelity® Strategic Disciplines (the “Program”). For information about the additional services that Strategic Advisers provides, please see the relevant Strategic Advisers Form ADV Part 2A brochures.
Strategic Advisers serves as a sub-advisor to its affiliate Fidelity Personal and Workplace Advisors LLC (“FPWA”) in connection with various investment advisory programs offered by FPWA, including the Program. As sub-advisor, Strategic Advisers will make the day-to-day discretionary trading decisions with respect to Program accounts (“Program Accounts”) and will receive a portion of the advisory fees clients pay to FPWA in connection with the Program. Important information regarding FPWA and the Program can be found in the FPWA Fidelity Strategic Disciplines Program Fundamentals (“FPWA Program Fundamentals”).
As described in the FPWA Program Fundamentals, eight of the investment strategies offered to Program clients are sub-advised by Strategic Advisers:
• Fidelity® Tax-Managed U.S. Equity

Index Strategy (to be renamed the Fidelity U.S. Large Cap Index Strategy) (the “Tax-Managed U.S. Equity Index Strategy”);
• Fidelity® Tax-Managed International Equity Index Strategy (to be renamed the Fidelity International Index Strategy) (the “Tax-Managed International Equity Index Strategy”);
• Fidelity® Equity-Income Strategy (to be renamed the Fidelity Dividend Income Strategy) (the “Equity- Income Strategy”);
• Fidelity® U.S. Large Cap Equity Strategy (to be renamed the Fidelity U.S. Large Cap Strategy) (the “U.S. Large Cap Equity Strategy”);
• Fidelity® International Equity Strategy (to be renamed the Fidelity International Strategy) (the “International Equity Strategy”);
• Fidelity® U.S. Total Market Index Strategy (the “U.S. Total Market Index Strategy”);
• Fidelity® U.S. Low Volatility Index Strategy (the “U.S. Low Volatility Index Strategy”); and
• Fidelity® Environmental Focus Strategy (the “Environmental Focus Strategy”).
Before a client enrolls in the Program, FPWA will determine whether the relevant strategy is appropriate for the client based on a review of their investor profile and any other relevant information that the client provides to FPWA. Subject to the imposition of reasonable restrictions, Strategic Advisers will apply its proprietary methodology to manage a client’s Program Account to align with the selected strategy. Strategic Advisers is responsible for portfolio management, trading, and supervision of Program Accounts.
As of December 31, 2023, Strategic Advisers’ total assets under management were $792,623,731,892 on a discretionary basis, and $32,116,364,923 on a nondiscretionary basis.

STRATEGIC ADVISERS LLC

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Details

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Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Private Funds Structure

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Brochure Summary

Overview