How Can Investment Advisors Retain Assets and Do Good Deeds?

The Board of Trustees voted to lower the minimum asset requirement to $250,000 from $1 million. CIAP, established in 2006, allows Gift Fund donors who meet the financial requirements to nominate and utilize an independent investment advisor to foster and implement investment strategies for the donors giving account at the Gift Fund.

The Gift Fund has stringent guidelines for the credentials of advisors who use CIAP and for the investment funds in the program. Under the CIAP, the Gift Fund gives advisors a sweeping variety of investment options, including publicly-traded U.S. equity and fixed-income securities, Fidelity and non-Fidelity mutual funds, and Exchange Traded Funds.

“Charitable giving is the key component of these plans, especially among those looking to establish a family legacy of philanthropy. Lowering the minimum asset requirement will make CIAP more accessible to more donors, and allow advisors the opportunity to provide customized investment management and oversight of their clients’ charitable giving portfolios at the Gift Fund,” Sarah C. Libbey, President of the Fidelity Charitable Gift Fund, said in the announcement.