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Strategic Advisers LLC: investment adviser

Strategic Advisers LLC is an investment adviser registered with the SEC (file 801-13243, CRD 104555). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.

Assets managed
$1.4T
Discretionary
96%
Accounts
2,973,512
Employees
17,112
In advisory roles
17,112
Disclosures
8

Company page · SEC adviser record · Full Form ADV (PDF)

The firm reports that it or a related person has custody of client cash and securities.

Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.

Clients and fees

Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.

Client typeClientsAssetsShare
Individuals1,654,834$164.6B12.0%
High net worth individuals736,141$396.7B29.0%
Registered funds15$589.4B43.0%
Pension and profit-sharing plans10,164$161.5B11.8%
Charities12$49.8B3.6%
State and local governments92$7.3B0.5%
Corporations505$646.2M0.0%

How it is paid

  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
  • Other: Percentage of revenue from affiliates

Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
  • Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
  • Selection of other advisers (including private fund managers)
  • Educational seminars/workshops
  • Other: PROVIDER OF MODEL PORTFOLIOS

Who owns it

Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.

Direct owners (Schedule A)

OwnerTypeRoleStakeSinceControlPublic company
Fidelity Advisory Holdings LLCCompany (U.S.)MemberE 75% or moreMar 2018Yes

Indirect owners (Schedule B)

OwnerOwns a stake inTypeStakeControlPublic company
Edward Crosby Johnson IVFMR LLCPersonF General partner, trustee or managing memberYes
Abigail Pierrepont JohnsonFMR LLCPersonF General partner, trustee or managing memberYes
Stephen Charles NeffFMR LLCPersonF General partner, trustee or managing memberYes
Michael Engber WilensFMR LLCPersonF General partner, trustee or managing memberYes
FMR LLCFidelityCompany (U.S.)E 75% or moreYes

Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.

Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.

Disciplinary history

What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.

Item 11 questions answered Yes

These questions cover the firm and its advisory affiliates.

  • Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
  • Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
  • Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?

Actions about affiliates (3)

  1. Feb 9, 2023
    Regulatory Action: Hellenic Capital Market Commission FinalAbout an affiliate: FMR, LLCBegun May 22, 2020 · Resolved Feb 9, 2023 · Decision · Docket 1052

    On May 22, 2023, FMR LLC, the registrant's ultimate parent company, received notice from the Hellenic Capital Market Commission ("HCMC") that FMR LLC failed to notify the HCMC and the issuing company of a change in shareholdings in a greek company in a timely manner. The notification was made three working days late. The late notification was a technical breach as a result of the corporate restructuring of the issuer.

    FMR LLC was ordered by the HCMC not to repeat the conduct constituting the noted infringement and no monetary penalties or fines were assessed.

  2. Jul 31, 2018
    Regulatory Action: Sweden's Finansinspektionen (Sfsa) FinalAbout an affiliate: FMR LLCSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $40,000 · Begun May 21, 2018 · Resolved Jul 31, 2018 · Decision · Docket 17-12945

    On May 21, 2018, FMR LLC, the registrant's ultimate parent company, received notice from sweden's finansinspektionen (the "sfsa") that the sfsa was issuing a fine, equivalent to approximately US$40,000, against FMR LLC based on a finding that a notification of a change in shareholdings in a swedish corporation, which shares were held by client accounts managed by FMR LLC's investment advisory subsidiaries, had been made eight days late. The late notification arose because, as a result of a data issue, FMR LLC's filing agent was not alerted on a timely basis that such accounts' holdings had crossed the relevant filing threshold by O.OOOOO12%.

    Fine of 337,500 swedish krona (approximately US$40,000) was paid by FMR LLC on July 31, 2018.

  3. Jun 22, 2017
    Regulatory Action: Sweden's Finansinspektionen (Sfsa) FinalAbout an affiliate: FMR, LLCSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $1,700 · Begun Feb 28, 2017 · Resolved Jun 22, 2017 · Decision · Docket 16-11812

    On February 28, 2017, FMR LLC, the registrant's ultimate parent company, received notice from sweden's finansinspektionen (the "sfsa") that the sfsa was issuing a fine, equivalent to approximately US$1,700, against FMR LLC based on a finding that a notification of a change in shareholdings in a swedish corporation, which shares were held by client accounts managed by FMR LLC's investment advisory subsidiaries, had been made two days late. The late notification was a result of incorrect data that had been supplied to FMR LLC's filing agent by a third-party vendor.

    Fine of approximately US$1,700 was paid by FMR LLC on June 22, 2017.

Disclosures filed elsewhere

The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.

  • 1 regulatory action disclosure about Degracia, Fernando, Set
  • 1 regulatory action disclosure about Moreira, Larry, C
  • 1 regulatory action disclosure about Schneider, Christopher,
  • 1 regulatory action disclosure about Wassel, Terrence, Paul
  • 1 regulatory action disclosure about Hasan, Asem, Husein

Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.

The brochure

No brochure text was read for this firm.

Other brochures on file

Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.