Practice Management
Fidelity merges retail RIA with portfolio management division
Sam Bojarski / Mar 31, 2025
Fidelity Personal and Workplace Advisors has merged into the fund management giant's other business unit, Strategic Advisers, in a move Fidelity said shouldn't impact clients.
Fidelity Investments is merging its retail RIA division with its portfolio management unit effective Monday.
The fund management giant has disclosed the merger of RIA Fidelity Personal and Workplace Advisors (FPWA) into its portfolio management business, Strategic Advisers. The RIA works with individuals, trusts and corporate entities, including retirement plan participants, filings with the Securities and Exchange Commission (SEC) show.
A Fidelity spokesperson said the company does not anticipate the merger impacting clients.
‘The move is being made to streamline and simplify our operating structure while allowing us to continue to provide the same product and exceptional service,’ according to the Fidelity spokesperson.
FPWA disclosed managing nearly $819bn on a discretionary basis in a filing with the SEC from earlier this month.
The division has housed Fidelity’s Wealth Advisor Solutions RIA referral program, according to a separate regulatory filing from March of 2024. RIAs that participate...
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