What is Fidelity Investments? Can they be trusted?

Welcome to my review of Fidelity Investments!

Do you want to have an investment of your own and you don’t know which investments fit you best?

Well, if you are planning to invest with Fidelity Investments, I suggest you should read this article first!

We will put everything you need to know about this company. Can they be really trusted with your investments?

Now, without further delays, let us start!

What is Fidelity Investment?

What is Fidelity Investment

  • Name: Fidelity Investment
  • Website: https://www.fidelity.com/
  • Founder: Edward C. Johnson
  • Chairman & CEO: Abby Johnson
  • Price: Varies
  • Rating: 4.0/5.0

Fidelity Investment is a broker company that helps individuals, institutions or businesses, and many more with regards to their investment.

They offer brokerage services and have helped 35 million people, manage employee benefit programs for over 22,000 businesses, and support more than 13,000 financial institutions.

Also, they are composed of 47,000-plus associates and are present across North America, Europe, Asia, and Australia

. The company is headquartered in Boston, USA, and is also serving customers through 12 regional sites across the globe and more than 200 Investor Centers.

Fidelity Investments celebrated its 75 years since its founding this 2021.

What is Fidelity Investment

What do Fidelity Investments Offer?

Fidelity Go (Digital Investing)

An investment offer that lets you access professional money management on your terms so you can spend more time focusing on what matters to you. And because there’s no minimum to open an account, it’s easy to get started.

With Fidelity Go, you can have the following:

  • Professional management of your money
  • No minimum to open an account
  • 24/7 access to your account

What is Fidelity Investment

Fidelity Personalized Planning & Advice (Digital investing + Financial Advisor)

This combines a professionally managed account with financial coaching to help you get closer to reaching retirement or other savings goals.

With this type of plan, you can have:

  • Professional investment management
  • 1-on-1 financial coaching
  • Flexible financial planning

What is Fidelity Investment

Wealth Management

Your Fidelity advisor will provide access to planning and ongoing investment management based on your financial picture.

Minimum investment:

$250,000 managed through Fidelity Wealth Services

Gross advisory fee: 0.50%–1.50%

With this type of plan, you can have:

  • A dedicated Fidelity advisor
  • Comprehensive planning
  • Personalized investment management

Private Wealth Management

You’ll have your own wealth management team, led by your Fidelity advisor, and comprehensive financial planning and investment management.

Minimum investment:

$2 million managed through Fidelity Wealth Services or Fidelity Strategic Disciplines and $10 million or more in total investable assets

Gross advisory fee: 0.20%–1.04%

With this type of plan, you can have:

  • A dedicated Fidelity advisor
  • Comprehensive planning
  • Personalized investment management

Fidelity DIY

Retirement IRAs

With Fidelity retirement brokerage accounts—such as a rollover IRA, Roth IRA, or traditional IRA—you get to choose and manage your own investments, including mutual funds, stocks, bonds, and ETFs.

Brokerage

With a Fidelity brokerage account, you get to choose and manage your own investments—including mutual funds, stocks, bonds, and ETFs.

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Investment Products with Fidelity Investment

Here are the investment products that Fidelity Investment Offers

Mutual Funds

Mutual funds are a practical, cost-efficient way to build a diversified portfolio of stocks, bonds, or short-term investments.

Retirement and IRAs

With a Fidelity IRA, you can manage your investments yourself with no account fees or minimums or have them do it for you for an advisory fee.

  • Traditional IRA- if you want potential growth (or earnings) to be tax-deferred
  • Roth IRA- if you want potential growth (or earnings) to be tax-free
  • Rollover IRA- if you want to control your former 401(k)s

Trading

Smarter trading technology, plus $0 commission trades, means smarter trading decisions.

  • Commission-free trades
  • Fractional share trading
  • Decision-making technology

Stock Trading

Buy and sell shares of publicly traded companies in both domestic and international markets. They also offer a $0 commission for online U.S. stock trades. Aside from this, they also offer dollar-based investing with fractional shares using the Fidelity Mobile App. You can also trade anytime and anywhere through the app. And even have access to experienced investment and trading specialists. 

  • Equity trading
  • International trading
  • IPOs

Fixed income, bonds, and CDs

If you want to build your own fixed-income portfolio, they offer an extensive selection of individual bonds, CDs, and annuities.

Exchange-traded funds (ETFs)

They also offer low-cost active and passive ETFs, combined with Fidelity’s investing expertise and research tools, they can help strengthen your evolving investment strategy.

Options Trading

Options are a flexible investment tool that can help you take advantage of any market condition. With the ability to generate income, help limit risk, or take advantage of your bullish or bearish forecast, options can help you achieve your investment goals.

Sector Investing

This type of investing offers targeted exposure to the stocks of companies in specific segments of the economy and can help you pursue growth, diversify your portfolio, and manage risks.

Cash Management Solutions

More so, this type of investment product provides an alternative for individuals seeking FDIC insurance and gives you the power to manage your cash and spending alongside your investments.

Fidelity Managed Accounts

529 College Savings Plans

529 plans are flexible, tax-advantaged accounts designed specifically for education savings. Funds can be used for qualified education expenses for schools nationwide.

Health Savings Account

The Fidelity HSA is a brokerage account that gives you flexibility with your money. You can pay for qualified medical expenses in a tax-advantaged way, now through retirement.

Annuities

Deferred annuities can help you save more for retirement and defer taxes. They can also aid you in preparing for retirement.

Life insurance and long-term care solutions

Furthermore, they also offer life insurance to help you ensure your family can pay the bills, send the kids to college, or keep the business running. This can also pay for long-term care costs while protecting your retirement savings plan, and many more.

Charitable Giving

With this, you can give more than cash: you can give stocks, mutual funds and more, for an immediate tax deduction and the potential to reduce capital gains.

What you need to know about Fidelity Investment

Prices

Here are some of the fees and prices that you need to keep in mind:

What is Fidelity Investment

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Reviews and Ratings of Fidelity Investment

 

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What I LIKE About Fidelity Investment

  • Well-detailed Website

The company has a well-detailed website. All the information you need can be found on their website.

  • In the industry for 75 years

They have a lot of experience and are very knowledgeable when it comes to investments and brokerage services. They can easily gain people’s trust because they can survive the industry for a long time.

  • Available in many countries

Aside from the US, Fidelity Investment is offered in many countries on different continents!

What I HATE About Fidelity Investment

  • A lot of bad reviews

The company has a lot of bad reviews! If you search about them, you will see a lot of negative reviews and people enraged because of them. Yikes!

They also don’t respond to their complaints.

  • They have a high broker-assisted trade fee

Trading with them is very expensive! So, it is something that’s not for everyone!

Is Fidelity Investments a Scam?

Fidelity Investments is NOT A SCAM.

However, you should also keep in mind that a lot of people are complaining about this company. It is a big company and because of how big it is, they tend to not give their 100% in assisting their customers.

So, they will then be eventually flooded with bad reviews and complaints.

Final Thoughts

Before investing, consider the investment objectives, risks, charges, and expenses. 

Aside from this, you should always remember that when you invest, it is not guaranteed that your money is safe or if it will gain or remain the same.

There are a lot of considerations and factors that affect the market.

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You’ll have fewer risks and it can be a good hedge against inflation and other volatilities in the market.

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Thank you for reading my review of Fidelity Investments!

You can leave your comments below! Have a nice day!