FIAM LLC

Thesis

FIAM LLC, established in 1987 and operating as a distinct legal entity within Fidelity Investments' Asset Management Solutions (FAMS), is a significant institutional asset manager. Headquartered in Smithfield, Rhode Island, with offices in Boston, New York, and London, FIAM provides discretionary and sub-advisory services to a wide array of institutional clients, including pension plans, corporations, and government entities. The firm's investment strategies span global equities (developed and emerging markets, various cap bands and styles), fixed income (investment-grade corporate credit, government debt, high-yield, emerging-market debt, structured products), and multi-asset solutions, with specialized offerings in US REITs and global concentrated unconstrained funds. FIAM emphasizes active, risk-controlled approaches, leveraging Fidelity's extensive global research capabilities in the US, UK, and Hong Kong. Their primary model is the separately managed institutional mandate, though they may sub-advise for other advisers. As of July 30, 2026, FIAM reported total regulatory AUM of $347,728,516,377, managing 633 discretionary and 14 non-discretionary accounts. The minimum for separate accounts in the FIAM Global Core strategy is $75 million.