Santa Monica, CA Office
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Fidelity
Institution
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About
Strategic Advisers LLC, a Fidelity Investments company, provides investment management and advisory services to a wide range of clients, including retail and institutional investors, an IRS‑qualified Charitable Gift Fund, and registered investment companies. Its services include discretionary portfolio management, non‑discretionary advisory work, fund advisory (including multi‑manager and fund‑of‑funds structures), management and consulting, and delivery of model portfolios to intermediary platforms.
The firm’s investment process blends proprietary fundamental research with quantitative analysis and algorithmic portfolio construction; model portfolios are constructed from an investable universe of mutual funds, ETFs, and ETPs using systematic methodologies and long‑term asset allocation benchmarks. Strategic Advisers may delegate day‑to‑day management to affiliated or unaffiliated sub‑advisers, applies oversight controls, and evaluates share classes and allocations with the stated aim of addressing related conflicts of interest.
Distinctive features noted in the brochure include Strategic Advisers’ registration with the CFTC as a commodity pool operator and membership in the NFA, and its formal advisory role to multiple registered investment companies and fund‑of‑funds—activities that are less common among large institutional peers. The brochure also highlights its role in constructing and delivering model portfolios for Fidelity Institutional Wealth Adviser, its documented use of algorithmic methods and AI/LLMs in research, and established proxy‑voting and governance procedures for the funds it advises.
Based on Fidelity
Location
Santa Monica CA
Advisors at this office
3
Advisors at this office
Steven L
Series 63, Series 65
Santa Monica, CA
Fidelity
Steven Lash is a financial advisor at Fidelity with Series 63 and Series 65 designations and two years of industry experience. Prior to joining Fidelity, he held roles at Charles Schwab and Northwestern Mutual. Outside of finance, he works as an independent personal trainer, prescribing exercise programs and ensuring client safety. Fidelity's Strategic Advisers LLC provides investment management and advisory services to retail and institutional clients, utilizing a blend of fundamental research, quantitative analysis, and algorithmic portfolio construction to manage portfolios across various asset classes.
Don B
Series 66
Santa Monica, CA
Fidelity
Don Broumandi is a financial advisor at Fidelity with 16 years of industry experience. He holds a Series 66 designation and has worked at Bank of America and Merrill prior to joining Fidelity. Fidelity’s Strategic Advisers LLC provides investment management and advisory services to retail and institutional clients, including charitable funds and registered investment companies. The firm combines proprietary fundamental research with quantitative analysis and systematic methodologies to construct model portfolios from mutual funds, ETFs, and ETPs.
Walter C
Series 63, Series 65
Santa Monica, CA
Fidelity
Walter Conley is the Vice President and Branch Leader at Fidelity Investments, where he leads an office of advisors and wealth management teams dedicated to helping clients achieve their financial and personal goals. He has been with Fidelity Investments since 2000, progressing through various roles including Senior Director of Annuity New Business, Director of Carrier Service Management, and Regional Sales Director. Walter holds a California Insurance License, supporting his expertise in insurance products and financial services. His extensive experience within Fidelity encompasses sales, service management, and leadership positions, reflecting a deep understanding of the financial industry. Outside of his professional role, Walter enjoys biking, hiking, visiting museums, skiing, traveling, and values parenthood.
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