Fidelity Investments has announced the availability of custom model portfolios with alternative investments, which allow eligible wealth management firms access to models that provide exposure to the private markets. Fidelity Custom Model Portfolios use an open-architecture approach that includes investment strategies from Fidelity and other third-party asset managers and now may include alternative investment vehicles such as interval or tender offer funds. This new capability will be offered to eligible registered investment advisers (RIAs) and broker-dealers as part of Fidelity’s strategic relationship with Envestnet and delivered through its wealth management platform.
In a recent Fidelity survey of financial advisers, nearly half (46 percent) said they were very interested in a model portfolio that offers a diversified portfolio of both traditional and alternative investments.
“Wealth managers are looking for opportunities to expand beyond traditional asset cl
