Fidelis Capital, an advisor-owned wealth management firm focused on ultra-high-net-worth individuals, multi-generational families, and institutions, announced it has selected Opto Investments as a strategic partner to enhance and scale its private markets program.
Under the partnership, Fidelis will use Opto’s end-to-end platform to deliver actively managed private markets vintage funds to clients through a more streamlined, digitized process. Fidelis said the arrangement is designed to expand private markets access while enabling more customized portfolio construction for its ultra-high-net-worth client base.
Founded in 2022 by former private-banking professionals from Wells Fargo and Bank of America, Fidelis was established to provide what it described as a more personalized wealth management experience centered on independence and fiduciary alignment. The firm said it currently manages $2.2 billion in assets for roughly 130 clients nationwide.
Fidelis said it has long-standing relationships with venture capital, private equity, and real estate managers, but identified an opportunity to broaden clients’ private markets exposure. Through Opto, Fidelis plans to collaborate with a team that includes technologists, private markets investors, and operational specialists, with the goal of strengthening due diligence, accelerating deal sourcing, and improving transparency in an asset class that can be difficult for clients to evaluate.
Opto’s platform is designed to support the full private markets lifecycle, including fund creation, investor subscriptions, capital calls, and reporting, with tools intended to reduce administrative burden and operational friction. Fidelis said the technology will help it build and manage differentiated private markets funds while maintaining control over client recommendations and portfolio positioning.
Fidelis executives said the platform’s flexibility will allow the firm to structure bespoke private funds aligned with client objectives while maintaining a high-touch service model. Opto leadership, meanwhile, framed the partnership as part of a broader shift in wealth management as private markets become more prevalent and manager selection becomes increasingly important.
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“At Fidelis, we pride ourselves on being a fully integrated team of specialists that build personalized investment and planning solutions around every client we serve. Our partnership with Opto is an extension of that philosophy. Any firm can sign up for one of the big institutional alternative investment platforms, but at Fidelis, we aim to be more thoughtful about the outcome. Opto provides the flexibility to structure bespoke private funds that align with client objectives, while maintaining the high-touch service standard our families have come to expect.”
Matt Michaels, Founding Partner and Co-Chief Investment Officer, Fidelis Capital
“As private markets permeate the wealth management industry, manager selection becomes even more important. Fidelis exemplifies a firm that shares our vision. It’s not about just giving clients access to private markets, but about delivering disciplined, diversified exposure. We’re excited to support their continued growth and help them create more value for their clients as they broaden their private markets program.”
Jake Miller, Co-Founder and Chief Solutions Officer, Opto Investments
“We founded Fidelis to give clients a better wealth management experience—one rooted in independence, fiduciary duty and freedom from institutional bias. Opto shares that same ethos. They’ve built a platform that promotes alignment of incentives, saves valuable time and enables greater customization to enhance the client experience. This will help us ensure every investment is managed according to our philosophy of seeking strong, risk-adjusted, after-tax outcomes that support our clients’ larger portfolio goals.”
Neale Ellis, Founding Partner and Co-Chief Investment Officer, Fidelis Capital
