Laila Keith
Fidelity offers a range of investment advisory services, including access to a team of advisors and dedicated advisors with supporting teams. The company provides investment advice and portfolio management services, as well as tools to help individuals track their saving and spending. While Fidelity does not provide legal or tax advice, it does offer educational resources and research options for investors. The company has a strong reputation for its mutual funds, with a large selection of no-transaction-fee funds, including its Fidelity Zero index funds, which have no expense ratio and no minimum investment requirement.
| Characteristics | Values |
|---|---|
| Investment advice | Fidelity offers investment advice through its Wealth Management service. This includes access to an advisor who can help with planning, investing, and financial decision-making. |
| Investment advisory fees | Fidelity charges an annual investment advisory fee for its Wealth Management service, but the exact amount is not specified. |
| Minimum investment | The minimum investment for Fidelity Wealth Management is $50,000. |
| Investment tools | Fidelity offers various investment tools, such as the Planning and Guidance Center, which allows users to create and monitor multiple financial goals. |
| Investment options | Fidelity allows investors to trade stocks, bonds, mutual funds, ETFs, options, forex, and cryptocurrencies (Bitcoin, Ethereum, and Litecoin). |
| Trading commissions | Fidelity offers $0 trading commissions for U.S. stock, ETFs, and options trades. However, there is a $0.65 per-contract charge for options trades. |
| Mutual funds | Fidelity offers a wide range of mutual funds, including the Fidelity Zero index funds, which have no expense ratio or minimum investment requirement. |
| Educational resources | Fidelity provides educational resources and research options for investors at all levels, from beginner retirement investors to active stock traders. |
| Customer support | Fidelity offers 24/7 customer support through phone, email, chat, social media, and physical branches. |
What You'll Learn
Fidelity Wealth Management
The service is designed to be a partnership between the customer and their advisor, built upon a foundation of planning, investment management, and a strong working relationship. Advisors can proactively offer investing and planning advice, connect customers with specialists for tailored guidance on topics like estate planning and insurance, and help leverage Fidelity's advanced planning tools.
At least once a year, advisors will initiate an in-depth review of the customer's overall financial situation, helping them uncover opportunities and making any necessary adjustments to their investment strategies. Advisors can also help customers understand their investment options and set their plan in motion with appropriate accounts and funding decisions.
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Investment advisory services
Fidelity offers a range of investment advisory services to its clients. These services are designed to help clients with their financial planning and investment management. One such service is the Fidelity Wealth Management service, which provides clients with access to a dedicated advisor. This advisor can help clients with various financial matters, such as investing, planning, and making important financial decisions. The advisor will work with the client to understand their financial goals and objectives and provide tailored guidance to meet those goals. This may include connecting the client with specialists in areas like estate planning and insurance. The advisor will also conduct an annual in-depth review of the client's financial situation to help identify opportunities and make any necessary adjustments to their investment strategies.
Fidelity also offers digital investing services, which provide clients with access to coaching and professional money management. This service includes automatic rebalancing to keep the client's investment strategy on track. There is a minimum investment requirement of $25,000 to access this service.
Another service offered by Fidelity is the Fidelity Advisory Services Team, which is available through Fidelity Wealth Services. This service provides nondiscretionary financial planning and discretionary investment management through Personalized Portfolios accounts for a fee. Clients enrolled in this service have phone-based access to a team of advisors who will work with them to align their investment strategies with their financial goals through portfolio management, annual reviews, and tax-smart investing techniques. The minimum investment requirement for this service is $50,000.
Fidelity also offers a service called Fidelity Managed FidFolios, which provides professionally managed stock portfolios. These portfolios are customized and managed by a team of professionals, using tax-smart investing techniques. The minimum investment requirement for this service is $5,000.
In addition to these services, Fidelity also provides clients with access to planning tools and resources to help them organize their finances and align their goals with a financial plan. This includes tracking spending and debt, finding opportunities to grow savings, and making changes to their financial plan as needed. Fidelity also offers a retirement planning experience, which allows clients to choose from various retirement account options, such as Roth IRA, Rollover IRA, and Traditional IRA.
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Fidelity Managed FidFolios
When it was launched, the product offered three different strategies: U.S. Large Cap Index, International Index, and Environmental Focus. Investors can customize these strategies by removing individual stocks or industries from these indexes, though some limitations apply. The fee for Fidelity Managed FidFolios is 40 basis points, which is competitive but may be a high hurdle for investors who can build low-cost portfolios of mutual funds or ETFs for less.
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Fidelity Advisory Services Team
The Fidelity Advisory Services Team is an investment advisory service that provides non-discretionary financial planning and discretionary investment management through one or more Personalized Portfolios accounts for a fee.
As a client, you will have access to a team of advisors by phone or video who will work with you to help keep your investment strategy aligned with your goals through portfolio management, annual reviews, and tax-smart investing techniques.
The minimum investment to enrol is $50,000.
The team will help you to:
- Develop a clear view of your full financial picture
- Define and prioritize your financial goals, objectives, and preferences
- Help you understand your investment options
- Set your plan in motion with the appropriate accounts and funding decisions
- Proactively offer investing and planning advice
- Connect you with specialists who can provide tailored guidance on topics like estate planning and insurance
- Help you leverage their advanced planning tools
- At least once a year, your advisor will initiate an in-depth review of your overall financial situation to help you uncover opportunities and make any necessary adjustments to your investment strategies
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Fidelity Freedom Funds
The funds follow a "glide path", which is based on Fidelity's research and illustrates the funds' anticipated exposure to equity, bond, and short-term funds over time. This strategy aims to balance investment returns and risks while seeking to meet retirement income objectives. The glide path shows how each fund's asset allocation becomes more conservative as the target retirement date approaches and passes. This means that investors do not need to adjust their asset allocation over time.
Fidelity's investment team gradually shifts and regularly rebalances the asset mix of each fund, providing a hassle-free way to invest. Each fund has a target asset allocation composed entirely of Fidelity funds across a broad range of asset classes, including domestic equity funds, international equity funds, bond funds, and short-term funds.
There are no initial purchase minimums for the Fidelity Freedom Funds, and investors do not need to hold multiple target date funds. However, investors who choose to mix their target date funds with other investments may want to periodically evaluate their entire portfolio's asset allocation.
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Frequently asked questions
Fidelity offers a free financial plan to help you track your saving and spending and decide where to put your next dollar. You can also try their retirement planning experience for free. However, for more tailored investment advice, you will need to pay a fee.
Fidelity Wealth Management offers access to an advisor for a fee. The annual investment advisory fee is not published on the website, but it is likely to be a percentage of your assets under management.
An advisor will help you create a personalized investment plan, identify opportunities to help protect and grow your assets, and build a relationship with you to better plan for your specific needs.
Fidelity offers a range of services, including investment advisory services, dedicated advisors, digital investing, and coaching. They also have a broad range of offerings suited to different client needs, such as mutual funds, ETFs, stocks, bonds, and options.
