FIFTH THIRD SECURITIES, Inc.

Fifth Third Securities, Inc. provides brokerage and investment advisory services through its Passageway Managed Account Program to individuals (including high‑net‑worth clients), charitable organizations, corporate and business clients, and other institutional investors. The firm is registered as a broker‑dealer, an SEC‑registered investment adviser and a municipal advisor, and operates as a direct wholly‑owned subsidiary of Fifth Third Bank while using National Financial Services (NFS) for clearing and Fidelity Institutional Wealth Adviser (FIWA)/FMAX as its platform.

Clients are onboarded through an IAR interview process to document risk tolerance and objectives and can select from multiple discretionary managed‑account programs — including advisor‑directed models, separately managed accounts, and a unified Passageway One program — that combine third‑party portfolio managers, strategist portfolios, and IAR‑managed sleeves. The platform also includes features that are less common among large enterprises, such as direct indexing (index‑based investing), an optional tax‑overlay service, and access to a broad set of FIWA‑sponsored fund strategist programs.

What is distinctive about Fifth Third Securities compared with many peers is the combination of its municipal‑advisor registration and its corporate affiliation with a large bank: Fifth Third Bank is used as a portfolio manager in the IMG program and the firm’s structure produces layered relationships among the bank, the platform sponsor, and the clearing firm. The firm has disclosed regulatory matters and describes specific supervisory and review processes (for example, principal review of Passageway recommendations and FIWA due diligence) and compensation arrangements intended to address conflicts that stem from those integrated relationships.