03.04.24
Fidelity Moves To Arm Advisors With Alts Intelligence
by: Leo Almazora
Fidelity Investments has updated its support and research capabilities to help expand retail advisors’ access to alts with a new proprietary research portal through its dedicated platform for advisors, WealthscapeSM. The portal will provide users of the platform exclusive access to research notes on third-party funds covering key areas of the alt investment space. Fidelity is ramping up its efforts to support alternative strategies following a raft of research pointing to advisor challenges in adopting them. Approximately 54% of advisors looking to begin or expand their use of alts confronted hurdles in investment management research, according to Fidelity. Due diligence of alternative strategies and managers also held them back from investing in illiquid strategies (55%) or those with intermittent liquidity (53%). Those issues may explain why alternatives exposure among advisors in the retail channel stands at 26%, compared with 86% among institutional investors, according to Fidelity. “Alternative investments are becoming more widely accessible, but many advisors lack the resources to determine how to incorporate them in their portfolios,” said Darby Nielson, chief investment officer at the Fidelity Institutional group. “Fidelity is committed to providing advisors with the tools and resources they need to make informed decisions and excel in the alts space, helping investors reach their financial goals.”
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