The Boston-based firm announced that Fidelity Model Portfolios, which provide institutional money management strategies to advisors, will now be available on 16 platforms including Envestnet, Orion Portfolio Solutions and Orion Communities, the Riskalyze Partner Store, SMArtX Advisory Solutions, GeoWealth and Fidelity platforms.
In addition, the firm notes that its Model Portfolios are now integrated into the Wealthscape℠ Modeling & Rebalancing tool. A recent Fidelity study pointed to the growing importance of portfolio modeling and rebalancing tools, with a quarter of advisors saying that such tools became more valuable since the start of the COVID-19 crisis, as advisors look for ways to increase productivity.
“Model portfolios help advisors efficiently manage clients’ assets so that they can focus on personal connections and more ‘human’ elements of value, like financial planning and helping provide peace of mind,” Matt Goulet, senior vice president for portfolio solutions at Fidelity Institutional, said in a statement.
The firm also is beginning to roll out customized model portfolios at both the advisor and firm levels, which can include vehicle replacements (e.g., ETF or mutual fund), preferences for certain managers, custom risk profiles and more.
Fidelity launched its model portfolios in 2018 and now offers 21 unique portfolios with various share class versions, including suites focused on core diversification, income generation, equity exposure and the application of the business cycle. The models include a mix of mutual funds and ETFs, as well as Fidelity and third-party products.
