Fidelity Launches Turnkey Model Portfolios Focused on Private Markets

Group 1 - Fidelity Investments launched two new suites of turnkey model portfolios focused on private market investments, providing exposure to private equity, private credit, and private real estate [1][2] - The portfolios are available to eligible RIAs and broker/dealers through the Envestnet platform, with plans to expand availability to additional platforms in the coming months [2] - The launch is in response to increasing individual investor interest in private market allocations, prompting asset managers to create various products for private wealth and retirement spaces [3] Group 2 - Wealth managers are recognizing the potential of private markets to differentiate their practices and diversify portfolios, although they often face challenges with research and due diligence [3] - Fidelity's new turnkey portfolios complement previous launches of custom portfolios that combined traditional investments with private market assets [3] - Concurrently, Fidelity introduced Alternative NavigatorSM, an education program for advisors to learn about alternative investments, featuring sessions with portfolio construction and alternative investment strategists [4]