Fidelity Launches Model Portfolios, Education Program to Expand Access to Alts

Fidelity Investments has unveiled two new suites of turnkey model portfolios and an expanded educational program designed to help wealth management firms integrate alternative investments into their practices. The move comes as advisers seek more structured ways to incorporate alternatives, as Fidelity research indicates that 46% of advisers are interested in models that combine traditional and alternative assets.

The new offerings provide eligible wealth management firms with “off-the-shelf” access to private markets through an open-architecture structure. The two new suites include:

• Fidelity Model Portfolios with Private Markets (I and Z Share Classes); and
• Fidelity Model Portfolios with Private Markets – ETF Focused.

These multi-asset class portfolios offer diversified exposure across private equity, private credit, and private real estate. Currently, these models are available to eligible registered investment advisers and broker-dealers via the Envestnet platform, with more platforms expected to follow.

“Wealth managers recognize the potential for private markets to differentiate their practice and diversify portfolios, but often struggle with the time needed for research and due diligence,” said Amanda Robinson, head of wealth advisory managed solutions specialist distribution at Fidelity. “These new additions … provide advisers the tools they need to offer private markets exposure at scale.”

Portfolio construction is overseen by Fidelity Institutional Wealth Adviser LLC, or FIWA, which employs a specialized research team dedicated to alternative investments. The team uses both quantitative and qualitative analysis to identify high-conviction managers through a rigorous due diligence process.

Advancing Adviser Knowledge

Recognizing that increased interest in alternatives necessitates deeper expertise, Fidelity has also introduced Alternative Navigator, a continuing education-accredited learning program that features module-based learning led by Fidelity portfolio construction and investment strategists, as well as CE-approved tutorials and curated resource guides for both advisers and end-investors.

The first two modules – an introduction to alternatives, and their role in client portfolios – are available now, with a deeper dive into specific strategies slated for release in early 2026.

Fidelity currently manages more than 65 alternative investment funds totaling over $50 billion in assets under management. Additionally, the firm serves as a major custodian, overseeing more than $100 billion in assets under administration across 6,000 proprietary and third-party alternative products.

As of Sept. 30, 2025, Fidelity reported total assets under administration of $17.5 trillion, supported by a global workforce of more than 78,000 associates.

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