Fidelity's Investment Advising Fees: What's The Cost?

Fidelity offers a range of investment advisory services, each with its own pricing structure and eligibility requirements. The fees for Fidelity's investment advising services depend on the specific service and the amount of money being managed. 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. On the other hand, Fidelity Wealth Management, a more personalized service, has an annual investment advisory fee that starts at 0.50% for accounts with $250,000 and can go up to 1.50% for accounts with $2 million or more. Additionally, Fidelity offers other services such as Fidelity FidFolios® and Fidelity Advisory Services Team, which have their own minimum investment requirements and fees.

Fidelity Wealth Management

The general eligibility requirement for Fidelity Wealth Management is having $500,000 invested in eligible Fidelity accounts. The annual investment advisory fee varies depending on the specific service and account balance. For instance, the gross advisory fee for Fidelity Wealth Management through Fidelity Wealth Services ranges from 0.50% to 1.50% with a minimum investment of $250,000.

Fidelity also offers other services such as Fidelity Go, a robo-advisor service with no advisory fee for balances under $25,000 and a 0.35% advisory fee for balances of $25,000 or more. Fidelity Go provides automated investing based on client information and offers access to 1-on-1 coaching calls with advisors.

Fidelity Managed FidFolios®

The service offers customized portfolios of individual stocks, allowing clients to exclude up to five individual stocks or two industries from their accounts. Additionally, tax-smart investing techniques, such as tax-loss harvesting, are applied to taxable accounts to minimize potential tax liabilities.

With a team of professionals managing the portfolios, clients can benefit from their expertise and gain access to strategies typically employed by more substantial investment entities. The service's discretionary investment management means that FPWA has the authority to make investment decisions on behalf of the client, streamlining the investment process.

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 Portfolio accounts for a fee. Clients enrolled in the service receive phone-based access to a team of advisors. The team is focused on the client and their portfolio and can be accessed by phone or video. They will work with the client to help keep their investment strategy aligned with their goals through portfolio management, annual reviews, and tax-smart investing techniques. The minimum investment to enroll is $50,000.

The Fidelity Advisory Services Team is one of three service levels offered by Fidelity Wealth Services, each with its own fees, features, and eligibility requirements. The other two are Fidelity Wealth Management and Fidelity Private Wealth Management. Fidelity Wealth Services is an advisory service offered for a fee.

Fidelity Wealth Management is available through Fidelity Wealth Services and/or Fidelity Strategic Disciplines. Both are advisory services offered for a fee. The gross advisory fee is 0.50%–1.50% and the general eligibility is $250,000 managed through Fidelity Wealth Services.

Fidelity Private Wealth Management is available through Fidelity Wealth Services or Fidelity Strategic Disciplines. It is a planning and advice service from an advisor-led team. The gross advisory fee is 0.20%–1.04% and the general eligibility is $2 million managed through Fidelity Wealth Services or Fidelity Strategic Disciplines and $10 million or more in total investable assets.

Fidelity Wealth Services

Fidelity Advisory Services Team provides access to a team of advisors by phone or video. These advisors work with clients to help align their investment strategies with their financial goals through portfolio management, annual reviews, and tax-smart investing techniques. The minimum investment for this service level is $50,000.

Fidelity Wealth Management offers planning and advice from a dedicated advisor. This service is designed for clients with $250,000 to $2 million invested through Fidelity Wealth Services. The gross advisory fee for this service level ranges from 0.50% to 1.50%.

Fidelity Private Wealth Management is the most comprehensive service level, providing planning and advice from an advisor-led team. This service is available to clients with $2 million or more invested through Fidelity Wealth Services or Fidelity Strategic Disciplines and $10 million or more in total investable assets. The gross advisory fee for this level ranges from 0.20% to 1.04%.

In addition to the above service levels, Fidelity also offers digital investment management services, such as Fidelity Go, which provides automated investing based on information provided by the client. This service has no advisory fee for balances under $25,000 and a 0.35% advisory fee for balances of $25,000 or more.

Fidelity Private Wealth Management®

The service includes:

• Direct access to an investment specialist who can explain the investment decisions made on your behalf.
• Active management of your investments, with a focus on mitigating risk, seeking growth opportunities, and reducing the impact of taxes where appropriate.
• Legacy building and estate planning: coordinating strategies around your estate, charitable giving, and establishing a long-term family legacy.
• Holistic protection, inheritance, and estate planning guidance.
• Personal legacy building and family engagement support: helping you discuss your plan with your family and aligning your wealth strategies with their needs.

The gross advisory fee for Fidelity Private Wealth Management® is 0.20%–1.04%. This fee does not cover charges resulting from trades made with non-Fidelity broker-dealers, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law. Underlying expenses associated with the investment vehicles selected will also be incurred.

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