Advisory Solutions
Why choose Fidelity Managed Account Xchange® (FMAX)
FMAX is designed to help grow your wealth management practice.
FMAX offers personalized service and access
FMAX integrates comprehensive, end-to-end technology with access to Fidelity’s leading investment expertise. Advisors benefit from consolidated proprietary research, ratings, and due diligence—alongside original insights—delivered through a single, powerful platform. Whether you're seeking deeper intelligence or enhanced support, FMAX provides a trusted resource to help elevate your practice.
An Open Architecture Approach Designed for Flexibility
FMAX’s open architecture is built to support a wide range of advisor and firm needs through:
- Portfolio Construction Flexibility: Choose how you manage client portfolios—build them yourself or selectively outsource to third-party managers based on your strategy and client preferences.
- Operational Flexibility: Leverage FMAX as a full end-to-end platform or use its investment consulting and integrated tools to fill specific gaps, expand your service offerings, and ease fiduciary responsibilities.
- Curated Investment Lineup: Access a carefully selected roster of best-in-breed asset managers who can align with your clients’ objectives, risk profiles, and return expectations—including support for investment policy and term sheet reviews.
Participating Managers Including:
As of 3/31/25 and subject to change
Robust research and due diligence support
FMAX provides access to Fidelity’s proprietary research, comprehensive due diligence, and actionable insights—sourced from real-world interactions with investors across the spectrum.
Proprietary Research: Access both qualitative and quantitative content covering portfolio construction, investor behavior, and industry best practices. Fidelity’s consolidated research, reporting, and ratings are available in a single, streamlined tool to support deeper portfolio analysis.
Due Diligence: Optimize investment selection and manage risk across a broad universe of strategies with support from Fidelity’s dedicated team of analysts. They can assist in identifying asset managers that align with your clients’ goals and investment policies.
Access to Thought Leaders: Benefit from ongoing insights and perspectives from Fidelity’s investment experts, who continuously distill and synthesize high-quality research to inform your decision-making.
Flexible investment advisory programs
FMAX empowers advisors with the flexibility to manage client assets. They can outsource all or a portion of their investment management using prepackaged models or individual strategies. Advisors can also create customized client risk profiles, generate proposals, set up billing, and run performance reports—all within a single, integrated platform—streamlining operations and enhancing the client experience.
Tailored portfolio construction services
FMAX supports firms in delivering customized investment solutions through a consistent, repeatable framework—enhanced by access to Fidelity’s experienced investment consultants. Advisors can collaborate with consultants on high-value client opportunities to help win and retain business.
Investment Framework & Model Development: Establish supervisory policies, define investment parameters, and leverage proprietary asset allocation models to support scalable portfolio design.
Investment Consulting: Receive guidance on aligning investment strategies with client objectives, risk-return expectations, and policy requirements—including term sheet reviews.
Custom Model Support: Benefit from ongoing due diligence, strategic allocation testing, and risk/return analysis to refine and optimize portfolio models.
Access to Portfolio Quick Check®: Utilize Fidelity’s digital tool to quickly analyze, compare, and optimize investment strategies—streamlining decision-making and enhancing portfolio outcomes.
See the FMAX difference for yourself.
How Fidelity Managed Account Xchange® (FMAX) delivers
The tools, services, programs, and investment products to help you drive
successful outcomes.
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Who Fidelity Managed Account Xchange® (FMAX) can help
Capabilities for multiple business models.
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Related insights
Fidelity Institutional Wealth Adviser LLC ("FIWA")® is a registered investment adviser and an indirect, wholly owned subsidiary of FMR LLC. FIWA is the sponsor of the Fidelity Managed Account Xchange® program ("FMAX" or the "Platform"). FMAX is a comprehensive wealth management platform consisting of advisory tools, programs and services, and investment products from Fidelity and other leading asset managers. Some services are provided by affiliated and unaffiliated 3rd parties. FMAX offers robust Fidelity service & support and a simplified client experience. FMAX provides investment advisory and platform services for a fee. FMAX is offered by FIWA, an affiliate of Fidelity Brokerage Services LLC, Members NYSE, SIPC and National Financial Services LLC. The FMAX Platform is not a brokerage product.