Fidelity Institutional has launched an alternative investment platform that gives financial advisors access to a variety of products, including hedge funds, private equity funds and ’40 Act mutual funds.
Through strategic alliances with CAIS, Goldman Sachs Asset Management (GSAM) and Morningstar, the platform will provide access to research, education and third-party due diligence reports, distinguishing it from other firms that only offer access to alternative products, says Fidelity.
• CAIS will provide access to a centralized and diverse menu of hedge funds at reduced minimums, independent third-party due diligence and monitoring provided by Mercer, portfolio construction tools and an automated electronic subscription process.
• GSAM’s Alternative Investments & Manager Selection (AIMS) Group will provide access to portfolios of external hedge fund and private equity managers across various alternative investment strategies. Additionally, GSAM will offer alternative investment ideas through the platform.
• Fidelity’s platform will offer an advisor education center powered by Morningstar, Inc. and provide analyst insights on how and when advisors and their clients might want to use alternatives in their portfolios, market research to help assess alternative asset categories and information on market trends.
The Boston-based financial services firm also plans to offer integrations into their WealthCentral and Streetscape platforms with CAIS, GSAM and Morningstar giving advisors greater access to alternatives and a streamlined process for incorporating them into client’s portfolios.