Josephine Norton
Investing for yourself and your family's future can be challenging, and Fidelity is here to help. Fidelity Wealth Services offers a diversified strategy built and managed around you and your goals, helping you feel confident in the way forward. Fidelity offers a range of options, from collaborating directly with an advisor to investing digitally. Fidelity's robo-advisor, for example, builds a strategy to meet your needs by answering a few questions. With no minimum amount required to open a Fidelity Go account, you can start investing with as little as $10. Additionally, Fidelity offers recurring investments to help you reach your goals by setting up regular investments with ease.
| Characteristics | Values |
|---|---|
| Investment options | Stocks, options, ETFs, fractional shares, mutual funds, bonds, fixed income, money market funds, health savings accounts (HSAs), 529 college savings plans, exchange-traded funds (ETFs), Fidelity Basket Portfolios, Fidelity Go® |
| Investment management | Fidelity offers both self-directed and professionally managed investment options |
| Investment advice | Fidelity provides investment advice and coaching for a fee |
| Investment minimums | No minimum to open a retail brokerage account; $10 minimum to start investing with Fidelity Go®; $25,000 minimum for access to financial coaching |
| Fees | No advisory fee under $25,000; 0.35% advisory fee for balances of $25,000+; no trading, transaction, or rebalancing fees |
| Tax advantages | Tax-loss harvesting strategies; potential tax savings in taxable accounts |
| Risk management | Dollar-cost averaging strategy to mitigate market timing risk |
What You'll Learn
Fidelity's robo-advisor service
Fidelity Go is Fidelity's robo-advisor service. It is a digital financial service that uses technology to automate investing based on information provided by the investor about themselves and their financial situation.
Fidelity Go offers a low-cost, low-maintenance way to get help building an investment strategy and putting it into action. There is no minimum initial investment to open a Fidelity Go account, and no advisory fees for balances under $25,000. For balances of $25,000 or more, there is an annual fee of 0.35%.
To get started, you answer a few questions about your financial goals, and Fidelity Go will suggest an investment strategy for your account. Once your account is open, you can add money to it. Once your account balance reaches $10, Fidelity will start investing for you. You can set up or modify recurring monthly, bi-weekly, or weekly transfers at any time.
Fidelity Go offers a hybrid robo-advisory service, which means it combines robo-advisory with live, personalized financial coaching. Once your account reaches a balance of $25,000, you will have access to unlimited 30-minute coaching calls with trained advisors.
Fidelity Go was awarded Best Robo out of ten online brokers based on the results from their annual online brokers and trading platforms survey.
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Fidelity Wealth Services
Building a Strategy Around You
A Multi-Disciplinary Team at Your Service
Fidelity leverages the collective talents of its multi-disciplinary team, deep research capabilities, personalized trading tools, and a disciplined investment process to build a multi-asset class investment strategy. This strategy is more tailored to your needs than traditional off-the-shelf investment products.
A Relationship-Focused Approach
Investing with Fidelity Wealth Services starts with building a relationship. During your initial conversations with a Fidelity advisor, you'll discuss your reasons for investing, your risk comfort level, the timeline for your goals, and how assets outside the program may impact your strategy. This relationship-focused approach ensures that your advisor understands your priorities and preferences.
A Strategy That Reflects Your Priorities
Choosing the Right Investment Types
Staying on Track with Regular Adjustments
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Fidelity Managed FidFolios
With a minimum investment of $5,000, you can access Fidelity's team of professionals who will manage your portfolio with tax-smart strategies built-in. This means that they will employ techniques such as tax-loss harvesting to help reduce the impact of taxes on your investments.
Fidelity's investment approach is highly customizable and can be configured in dozens of different ways to align with your unique priorities and preferences. They offer two main approaches: one designed to maximize returns relative to your risk tolerance, and another designed to reduce the impact of market volatility.
Fidelity's deep research capabilities and multi-disciplinary team allow them to build a strategy tailored to your needs. They take into account factors such as your reasons for investing, your risk comfort level, and your long-term vision.
By leveraging their expertise and technology, Fidelity Managed FidFolios® provides a robust solution for those seeking a hands-off approach to investing while still maintaining a high level of customization and tax efficiency.
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Fidelity Go
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Fidelity Strategic Disciplines
The account investment minimum is $50,000 for Fidelity Wealth Services (FWS), $100,000 for an FSD equity strategy, and $350,000 for an FSD bond strategy.
With Fidelity Strategic Disciplines, you can work with a dedicated Fidelity advisor to build a personalized plan around your full financial picture. They can help you choose an investment solution aligned with your vision for the future, taking into account your risk tolerance and investment goals.
Fidelity, as a whole, offers a range of options to collaborate directly with an advisor or invest digitally. Their services are designed to provide clear and straightforward investment strategies to help you reach your financial goals.
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Frequently asked questions
Fidelity offers a range of investment management options, from digital investment management to full professional management. Fidelity's investment advisors can help build a personalized plan based on your financial goals, risk tolerance, and investment preferences. They also provide ongoing support and monitoring to ensure your portfolio remains aligned with your goals.
Fidelity starts by understanding your financial situation, goals, risk comfort level, and time horizon. They then recommend a mix of asset classes and investment types, such as funds exclusively managed by Fidelity, index products, or individual securities. You can choose from two approaches: maximizing returns within your risk comfort or reducing the impact of market volatility.
The cost depends on the specific service and your account balance. For example, Fidelity Go offers a robo-advisor service with no advisory fee for balances under $25,000 and a 0.35% annual fee for balances of $25,000 or more. Fidelity Wealth Services, a dedicated advisory service, typically requires a minimum investment of $50,000.
Fidelity continuously monitors the stock and bond markets, as well as the global economy. They make adjustments to your portfolio as needed to align with your goals and changing market conditions. They also provide regular reviews and check-ins to ensure your investment strategy remains suitable for your evolving needs and circumstances.
