Fidelity Investments announced the launch of two new suites of turnkey model portfolios focused on private markets, along with an expanded set of educational resources designed to support wealth management firms incorporating alternative investments into client portfolios.
The new offerings, Fidelity Model Portfolios with Private Markets, available in I and Z share classes, and Fidelity Model Portfolios with Private Markets – ETF Focused, are multi-asset class, open architecture portfolios that provide exposure to private equity, private credit, and private real estate. The portfolios are currently available to eligible registered investment advisors and broker-dealers through the Envestnet platform, with plans to expand to additional platforms in the coming months.
According to the company, the model portfolios are intended to provide an off-the-shelf solution for advisors seeking diversified private-market exposure without the added burden of conducting extensive research and due diligence independently. The launch builds on Fidelity’s June 2025 introduction of custom model portfolios with alternatives. Fidelity cited survey data indicating that nearly half of advisors are interested in model portfolios that combine traditional and alternative investments.
Portfolio construction for both turnkey and custom institutional model portfolios is overseen by Fidelity Institutional Wealth Adviser LLC, which includes a specialized team of alternative investment manager researchers. The firm said its approach combines quantitative and qualitative analysis with a rigorous due diligence process and leverages proprietary research across Fidelity to support long term investment objectives.
In addition to the model portfolios, Fidelity introduced Alternative NavigatorSM, a CE-accredited education program designed to help advisors build knowledge of alternative investments while earning continuing education credits. The program features Fidelity-led sessions from portfolio construction and alternative investment strategists, CE-approved tutorials, advisor and end investor guides, and curated resources. The first two modules are available now, with a third module scheduled for release in early 2026.
Fidelity said it currently manages a broad range of alternative investment vehicles across private equity, private credit, real assets, liquid alternatives, and digital assets. The firm’s alternatives lineup includes more than 65 funds totaling over $50 billion in assets under management as of November 30, 2025. It also oversees more than $100 billion in assets under administration on its alternative investments platform for institutional and intermediary clients as of December 31, 2025.
KEY QUOTES:
“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. These new additions to our suite of turnkey models provides advisors the tools they need to offer private markets exposure at scale.”
Amanda Robinson, Head Of Wealth Advisory Managed Solutions Specialist Distribution At Fidelity Investments
“As interest in alternative investments grows, so does the need for education. This program helps advisors deepen their knowledge of this asset class to meet clients’ evolving needs and add value to their practices.”
Michael Scarsciotti, Head Of Investment Specialists At Fidelity Investments
