Fidelity Personal And Workplace Advisors LLC (Boston)

Fidelity Personal And Workplace Advisors LLC is a large advisory firm based in Boston. It manages $338 billion of regulatory assets for 914,878 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Fidelity Personal And Workplace Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and non-discretionary, educational advice regarding the substance of employee benefit programs. It prepares financial plans for approximately 669,370 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fidelity Personal And Workplace Advisors: assets under management

The assets under management (AUM) of Fidelity Personal And Workplace Advisors LLC is $338 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $338 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $369.45 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fidelity Personal And Workplace Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kathleen Ann Murphy serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Kathleen Ann Murphy is individuals with 552,806 clients and $149.41 billion of assets under management. Among the 12 most similar advisory firms, Fidelity Personal And Workplace Advisors has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $338 billion for 742,763 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fidelity Personal And Workplace Advisors doesn't advise any private funds.

Careers at Fidelity Personal And Workplace Advisors LLC

The company employs 6,722 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6,614 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Kathleen Ann Murphy has been acting as President since 1 Apr 2017. Christopher Edwin Sheldon has served as the Chief Investment Officer since 1 Mar 2018. David (Nmn) Peterson joined the executive team most recently as the Elected Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Fmr Llc	Shareholder	1 Apr 2017	75% - 100%	04-3532603
Kathleen Ann Murphy	Director	1 Apr 2017	Other	3272676
Sriram Palghat Subramaniam	Director, president	1 Apr 2017	Other	4327279
Kevin Mark Barry	Director	1 Apr 2017	Other	6039461
David Butler Coyne	Director	1 Apr 2017	Other	2167479
Richard Gray Compson	Director	1 Apr 2017	Other	5227148
Christopher Robert Sorensen	Director	1 Apr 2017	Other	2194149
Kevin Joseph Ruth	Director	1 Apr 2017	Other	2481344
Norman Lee Ashkenas	Chief compliance officer	1 Apr 2017	Other	2467840
Karim Glorie Lynn	Chief legal officer/secretary	1 Apr 2017	Other	5188890
Jeffrey Allen Devolder	Chief financial officer	1 Aug 2017	Other	2910494
Jeff Allen Devolder	Elected manager/chief financial officer	1 Aug 2017	Other	2910494
Sangeeta Moorjani	Elected manager	1 Mar 2018	Other	2788786
Christopher Edwin Sheldon	Elected manager/chief investment officer	1 Mar 2018	Other	2577528
Fidelity Advisory Holdings Llc	Member	1 Mar 2018	75% - 100%	82-4292470
David Anthony Golino	Chief financial officer	1 Nov 2018	Other	5404683
David (Nmn) Peterson	Elected manager	1 Jan 2019	Other	2533118
Lauren Faith Brouhard	Elected manager	1 Jan 2019	Other	4651521
Christopher Andrew Mcdermott	Elected manager	1 Jan 2019	Other	2680861

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Charles Curvey	Elected manager	1 Feb 1990	Other	2293087
Abigail Pierrepont Johnson	Elected manager	1 May 1994	Other	4340399
Edward Crosby Johnson Iv	Elected manager	1 Apr 2006	Other	5305256
John Joseph Remondi	Elected manager	1 Apr 2006	Other	4348172
Gerard John Mcgraw	Elected manager	1 Oct 2014	Other	4713963
Michael Engber Wilens	Elected manager	1 Oct 2014	Other	5653418
Fmr Llc	Member	1 Mar 2018	75% - 100%	04-3532603

Based in Boston

The principal office where Fidelity Personal And Workplace Advisors LLC performs its advisory services is located at 245 Summer Street, V2 A, Boston, MA 02210, which is also the mailing address of the firm. An additional office of the firm is in Westlake, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-563-7000. The normal business hours are 9am - 5pm on Monday - Friday.