Laila Keith
Fidelity Investments is a financial services company that offers a range of investment products, including stocks, ETFs, bonds, mutual funds, and options. They provide commission-free trading for stocks, ETFs, and options, with a competitive fee of $0.65 per contract for options trading. The company has a wide range of account types, including individual and joint accounts, business accounts, health savings accounts, and more. Fidelity also offers a robo-advisor service called Fidelity Go, which provides automated investment management with no minimum investment amount.
In terms of employee compensation, Fidelity Investments pays its employees an average annual salary of $83,819, with salaries ranging from $50,667 to $136,933. The highest-paid position at the company is Principal Software Engineer, with an average salary of $132,898. Overall, the company receives positive reviews for its benefits package and work in helping people. However, there are also criticisms regarding its slow adaptation to change and a sales focus that may compromise customer interests.
| Characteristics | Values |
|---|---|
| Salary | Employees are paid an average of $83,819 a year, with salaries ranging from an average of $50,667 to $136,933 a year. |
| Perks | Benefits package, no fees for a wide range of products and services, no account minimum, no commission on stock or ETF trades, no account fees, no fees for most account services, high-yield cash investments, no-fee mutual funds, low margin rates, free research and data, high interest rate on uninvested cash, strong customer service, strong security and insurance backing |
| Drawbacks | Broker-assisted trade fee is higher than average, no futures trading, portfolio analysis feature is not in-depth, higher fees for some managed portfolios, only two digital coins for trading, higher fees for some non-Fidelity mutual funds |
What You'll Learn
Fidelity Investments' employee salaries
Fidelity Investments pays its employees an average of $83,819 a year. Salaries range from an average of $50,667 to $136,933 a year. The highest reported salary for an employee at Fidelity Investments is $137k per year.
The job title with the highest pay at Fidelity Investments is Principal Software Engineer, with an average annual salary of $132,898. At the lower end of the pay scale, Customer Service Associates earn an average annual salary of $46,249.
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Fidelity's commission and fee structure
Fidelity Investments offers a range of commission-free and low-cost investment options. Here is a breakdown of their fee structure:
Commission-Free Trading
Fidelity offers commission-free trading on US stocks, ETFs, and options. This means that investors can buy and sell these securities without paying any trading fees. However, options trades have an additional $0.65 per contract charge.
No-Transaction-Fee Mutual Funds
Fidelity provides access to a wide range of no-transaction-fee mutual funds, including their own Fidelity Zero index funds, which have no expense ratio and minimum investment requirement. This means that investors can buy and sell these funds without paying any transaction fees.
Low-Cost Bonds
Fidelity offers low-cost options for bond trading. New bond issues can be purchased for free ($19.95 with a representative), while secondary issues have a $1 fee per bond, plus $19.95 per trade with a representative.
Fractional Shares
Fidelity allows investors to purchase fractional shares, enabling them to invest in higher-cost stocks by buying a fraction of a share. This program, called Stocks by the Slice, is available for over 7,000 stocks and ETFs, with no additional trading fees.
Low-Cost Managed Portfolios
Fidelity offers a range of managed portfolio options, including robo-advisor services. Their basic Fidelity Go platform has no minimum investment amount and offers fee-free investment management for accounts worth less than $10,000. For accounts between $10,000 and $49,999, there is a $3 per month fee. For accounts worth $50,000 or more, the fee is 0.35% of assets under management annually.
International Trading
Fidelity provides access to 25 global markets, enabling investors to trade in multiple countries.
Cryptocurrency Trading
Fidelity recently introduced Fidelity Crypto, a separate account that allows trading in Bitcoin and Ethereum. Trading is commission-free, but there is a 1% spread markup included in the pricing.
Low Margin Rates
Fidelity's margin rates are competitive and vary based on the amount borrowed. For example, borrowing under $25,000 incurs an 8.33% margin rate, while borrowing $1 million or more has a rate of 4.00%.
No Account Fees
Fidelity does not charge any account fees, including account or activity fees, transfer-out fees, or IRA closeout fees. This makes it an attractive option for investors looking to minimize fees.
Free Research and Education
Fidelity provides extensive research and educational resources for investors of all levels, including third-party research reports, screening tools, webinars, and articles. These resources are available to both customers and non-customers.
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Fidelity's trading platforms
Fidelity offers two trading platforms: Fidelity.com and Active Trader Pro. Both are free for all customers and highly rated.
Fidelity.com
Fidelity's online trading platform offers an entry point for advanced traders and beginners who want an overview of their finances. Its intuitive and easy-to-use interface allows users to quickly explore Fidelity's offerings and compare investments without feeling pressured or confused. It is highly customizable and works on any browser.
Active Trader Pro
Active Trader Pro is a downloadable desktop platform. It includes intuitive shortcuts, a pre-built market, technical and options filters, advanced options tools, and a multi-trade ticket that can store orders for later and place up to 50 orders at a time. It also allows users to trade over-the-counter securities and access IPOs. The platform is highly customizable, and users can set trade defaults, create their own shortcuts, and use hotkeys to navigate.
Mobile App
Fidelity also offers a highly-rated mobile app with advanced features, which puts all your investment activity in one place, letting you view, manage, and act on your portfolio wherever you are.
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Fidelity's investment options
Fidelity offers a wide range of investment options to its customers. These include:
- Stocks: Customers can trade shares of publicly traded companies in both domestic and international markets.
- Exchange-traded funds (ETFs): These are actively and passively managed funds that can be bought and sold throughout the market day.
- Mutual funds: Customers can choose from a variety of funds offered by Fidelity and other firms that fit different investing interests.
- International trading: Fidelity provides access to 25 global markets, allowing customers to invest in individual stocks, ETFs, and mutual funds in foreign markets.
- Fractional share trading: Fidelity is one of the first major brokers to offer this service, allowing customers to buy and sell partial shares of stocks and ETFs.
- Precious metals: Customers can buy gold, silver, platinum, and palladium to diversify their portfolios.
- Cryptocurrency: Fidelity Crypto® offers customers the ability to buy and sell Bitcoin and Ethereum, starting with as little as $1.
- Fixed income: Fidelity offers various fixed-income investment options, including bonds, CDs, and money market funds.
- Managed portfolios: Fidelity offers a range of managed portfolio options, from basic robo-advisors to fully managed portfolios with dedicated financial advisors.
- Retirement accounts: Fidelity offers various retirement account options, including Roth IRAs, traditional IRAs, and rollover IRAs.
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Fidelity's customer service
Fidelity Investments is a top-rated online brokerage platform that offers a wide range of investment options, tools, and resources for both beginner and veteran traders. The platform has consistently received high ratings from reputable sources, including NerdWallet, Forbes, Bankrate, and Investopedia. One of the key strengths of Fidelity is its strong customer service and educational resources, which are available to all investors, regardless of their level of experience.
The platform also excels in its research capabilities, providing an extensive library of third-party research reports from major financial firms like Compustat, Zacks, Argus, and Reuters. This wealth of information is easily accessible through the platform's clean layout, ensuring that users can find what they need without any hassle.
Fidelity's commitment to customer service and education makes it an ideal choice for investors seeking a user-friendly and supportive platform to grow their financial knowledge and make informed investment decisions. The company's dedication to transparency, security, and customer satisfaction has solidified its reputation as one of the best online brokerage platforms in the industry.
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Frequently asked questions
Fidelity Investments pays its employees an average of $83,819 a year. Salaries range from an average of $50,667 to $136,933 a year.
The highest reported salary for an employee at Fidelity Investments is $137k per year.
Fidelity Investments offers a benefits package to its employees. The company also offers a range of account types, including individual and joint taxable brokerage accounts, tax-advantaged retirement accounts, and health savings accounts.
Fidelity Investments offers 24/7 customer support to its clients.
Yes, Fidelity Investments offers a range of financial perks to its employees, including a high interest rate on uninvested cash and competitive margin rates.
