Fidelity Investments Private Wealth Management


Compare Fidelity Investments To Similar Brokers

Wishmaker’s Ball 2017 Presented by Fidelity Private Wealth Management

These brokers trade some of the same securities and offer similar services as Fidelity Investments.


Commissions and account fees vary by account type and investment service.

Active trading

Fidelitys active trading fees are well-priced. Like many of its competitors, including Robinhood and WeBull, Fidelity has ditched the commissions on stocks and ETFs. Youll pay $0.65 for options contracts, but this is comparable with the $0.50 to $0.65 most of Fidelitys competitors charge.

Fidelity shines by offering free account transfers almost all other platforms charge $50 to $95 to move funds out of a brokerage account. But the platform falls short when it comes to buying and selling mutual funds. The $49.95 trade fee on non-Fidelity funds is the highest weve seen.

Minimum deposit to open

Is Fidelity A Good Financial Advisor

Yes. Fidelity is a good financial advisor. Beginner investors will have access to customer support and a wide range of free research and investment tools.

Customers with over $25,000 in assets can receive financial coaching with a Fidelity Personalized Planning and Advice account. Investors with over $250,000 will also have access to a personal financial advisor with a Fidelity Wealth Management account.

A Service Built Around You

We recognise the challenges that come with larger, more complex portfolios. Your Wealth Management team will work with you to identify what products and services will meet your needs. And well do it in a way that works best for you.

The personal touch

Your dedicated Relationship Manager can review your portfolio and offer guidance on your investment strategies. Our Wealth Management team is also on hand for any day-to-day account queries.

Advice that meets your needs

Whether you need financial advice for a one-off event or more complex advice with ongoing support, our paid-for advice service can provide a recommendation to meet your needs.

Exclusive benefits

Our extensive range of benefits includes exclusive events led by Fidelity experts and leading industry names and a quarterly portfolio review to keep you informed on all your investments.

Read more about the benefits our Wealth Management service has to offer and how they can help you to make your future investment decisions.

Also Check: How Best To Invest In Cryptocurrency

Water Purity And Availability

Many older buildings in certain areas of Boston are supported by wooden piles driven into the area’s fill these piles remain sound if submerged in water, but are subject to if exposed to air for long periods.Ground water levels have been dropping in many areas of the city, due in part to an increase in the amount of rainwater discharged directly into sewers rather than absorbed by the ground. The Boston Groundwater Trust coordinates monitoring ground water levels throughout the city via a network of public and private monitoring wells. However, Boston’s drinking water supply from the and is one of the very few in the country so pure as to satisfy the Federal without filtration.

Opening An Account With Fidelity


To help prospective clients determine which account type best suits their individual investment goals, Fidelity has them answer a short questionnaire. Interested investors who want to talk to a financial advisor have the option of calling Fidelity at 343-3548, filling out a form to have an advisor contact them or getting free in-person guidance at one of Fidelitys branch locations.

To find an Investor Center near you, simply go to Fidelity’s website, scroll down to the very bottom of the page and enter your zip code to find an Investor Center by zip code.

Fidelitys corporate headquarters is in downtown Boston. However, the firm has financial advisor branch offices located across the U.S. You can find a complete list of Fidelitys numerous office locations on its website. In addition to its U.S. offices, Fidelity has a presence in eight other countries across North America, Europe, Asia and Australia.

All information is accurate as of the writing of this article.

Don’t Miss: Ira Custodians For Alternative Investments

Revolution And The Siege Of Boston

The weather continuing boisterous the next day and night, giving the enemy time to improve their works, to bring up their cannon, and to put themselves in such a state of defence, that I could promise myself little success in attacking them under all the disadvantages I had to encounter.

,in a letter to , about the British army’s decision to leave Boston, dated March 21, 1776.

Many of the crucial events of the occurred in or near Boston. Boston’s penchant for mob action along with the colonists’ growing lack of faith in either or fostered a revolutionary spirit in the city. When the British parliament passed the in 1765, a Boston mob ravaged the homes of , the official tasked with enforcing the Act, and , then the Lieutenant Governor of Massachusetts. The British sent two regiments to Boston in 1768 in an attempt to quell the angry colonists. This did not sit well with the colonists. In 1770, during the , British troops shot into a crowd that had started to violently harass them. The colonists compelled the British to withdraw their troops. The event was widely publicized and fueled a revolutionary movement in America.

Representing The Owners Of Shares

Institutions often control huge shareholdings. In most cases, they are acting as fiduciary agents rather than principals . The owners of shares theoretically have great power to alter the companies via the voting rights the shares carry and the consequent ability to pressure managements, and if necessary out-vote them at annual and other meetings.

In practice, the ultimate owners of shares often do not exercise the power they collectively hold financial institutions sometimes do. There is a general belief that shareholders â in this case, the institutions acting as agentsâcould and should exercise more active influence over the companies in which they hold shares . Such action would add a to those overseeing management.

However, there is the problem of how the institution should exercise this power. One way is for the institution to decide, the other is for the institution to poll its beneficiaries. Assuming that the institution polls, should it then: Vote the entire holding as directed by the majority of votes cast? Split the vote according to the proportions of the vote? Or respect the abstainers and only vote the respondents’ holdings?

Recommended Reading: Best Investment Accounts For Young Investors

Fidelity Asset Management Team

Senior Vice President & Wealth Advisor


Bill McAndrew is a Senior Vice President & LPL Financial Advisor. Bill graduated with a Bachelor of Science degree in Finance from the Smeal College of Business at Pennsylvania State University. He developed an extensive estate planning background graduating from the PBA Advance School of Trust at Bucknell University. Bill has more than 30 years of experience in the wealth management industry. His specialties include, Retirement Income Planning, including 401ks and IRAs, Liability-Driven Investing techniques, Structuring Tax Free Income Portfolios and Developing integrated Financial and Estate Plans.

Bills philosophy is to commit his energy, intellect and knowledge to attaining the financial objectives of his clients by providing the highest possible level of service by challenging himself to innovate and excel across a broad range of investment products. Bills highest priority is sustaining his clients trust and confidence and to put the financial well-being of his clients first by remaining responsive to the needs of his clients in a financial environment characterized by constant change.

Access To The Personal Support You Need

Now Hiring: Fidelity Investments

Our personal Relationship Managers work with you to help you meet your investment goals. They can review your portfolio, discuss your retirement savings plan and offer guidance on your investment strategies. They can also talk to you about the ways we can support you further. If you want advice that’s personalised to your needs, they can put you in touch with one of Fidelity’s advisers.

Your Relationship Manager is supported by a dedicated Wealth Management relationship team and customer service experts who specialise in helping clients with larger portfolios. Theyre able to help you with day-to-day queries and help you arrange a meeting with your Relationship Manager.

If you become a Fidelity advice service customer, your Adviser will provide the personal support you need.

Don’t Miss: Is It Good To Invest In Gold Bars

Peak Cold War Years And Civil Rights

After World War II, the United States and the competed for power, influence, and prestige during what became known as the , driven by an ideological divide between and . They dominated the military affairs of Europe, with the U.S. and its allies on one side and the Soviet Union and its allies on the other. The U.S. developed a policy of towards the expansion of communist influence. While the U.S. and Soviet Union engaged in and developed powerful nuclear arsenals, the two countries avoided direct military conflict.

The United States often opposed movements that it viewed as Soviet-sponsored and occasionally pursued direct action for against left-wing governments, occasionally supporting authoritarian right-wing regimes. American troops fought communist and forces in the of 19501953. The Soviet Union’s 1957 launch of the and its 1961 launch of the initiated a “” in which the United States became the first nation to in 1969. The United States became increasingly involved in the , introducing combat forces in 1965.

Alternatives To Fidelity Investments

When it comes to investment institutions that offer a broad scope of services like Fidelity, institutional players like the following come to mind:

For commission-free trading alternatives, you could also check out TD Ameritrade and E*TRADE. Some robo advisor alternatives include Betterment and Wealthfront.

Read Also: Free Stocks To Invest In

Pros And Cons Of Fidelity


  • Commission-free trades on thousands of stocks, options, bonds, and funds
  • Investment vehicles for any situation
  • Robust security and customer support
  • Brick-and-mortar branches located throughout the U.S.
  • No minimums to open a Fidelity Go robo-advising account


  • High fees for broker-assisted trades
  • No tax-loss harvesting functionality in Fidelity Go account

Investigation About Insiders’ Private Investments

Fidelity To Launch Cryptocurrency Trading &  Custody Platform

A private venture capital firm, F-Prime Capital Partners, managed on behalf of owners and other key leaders of Fidelity Investments, has been described as directly competing with Fidelity Investments public funds. A 2016 Reuters investigation identified multiple cases where F-Prime Capital Partners was able to make investments at a fraction of the price of Fidelity Investments. Because of SEC regulations, investments by F-Prime Capital Partners preclude Fidelity from making the same early investments. The investigation describes that this competition forces Fidelity to delay investing until later and at much higher prices than F-Prime Capital Partners, resulting in lower returns for Fidelity fund shareholders.

Corporate governance experts have stated that the practice is not illegal, but that it poses a clear corporate conflict of interest. Fidelity spokesmen have stated that they are following all laws and regulations.

The same Reuters investigation documents six cases where Fidelity Investments became one of the largest investors of F-Prime Capital companies after the start-up companies became publicly traded. Legal and academic experts said that major investments by Fidelity mutual funds – with their market-moving buying power – could be seen as propping up the values of the F-Prime Capital investments, to the benefit of Fidelity insiders.

Fidelity declined to comment on this aspect of the investigation.

You May Like: How To Invest 100 Dollars In Cryptocurrency

Fidelitys Personal And Workplace Advisors Cons

  • Potential conflict of interest related to securities sales: Fidelity advisors may buy or sell securities that they also recommend to clients. This could create a potential conflict of interest, as advisors could potentially benefit from recommending clients buy or sell assets they also hold. This is mitigated by the firms Code of Ethics.
  • Possible conflict of interest related to investment advisory program fees: Fidelity notes that because its various investment advisory programs charge different fees, its advisors may be incentivized to recommend those that pay the firm or its affiliates higher fees. It does take steps to mitigate this potential issue though, including training its employees to make recommendations that are in the clients best interest.
  • Some disciplinary disclosures: The firms Form ADV notes some disciplinary disclosures . That said, with large firms, it is not uncommon for there to be disclosures related to the company or individual advisors.

Fidelity Personal And Workplace Advisors Onboarding Process

  • Contact an advisor: The firm offers three ways to get started: Call 800-544-1766, fill out an online form with your contact information to have a representative get in touch with you or search for an investor center in your area to visit.
  • Sign a client agreement and fund your account: To enroll in a program, clients must sign a client agreement, which details the services, fees and other terms. Clients then have 90 days to fund their account with the program minimum.
  • Stay in touch: Fidelity will contact clients at least annually to find out if their personal situation has changed. That said, clients are also responsible for notifying Fidelity throughout the year if their goals, time horizon, risk tolerance or other key factors change.
  • Recommended Reading: Invest In Stocks Or Cryptocurrency

    What Is Wealth Management

    Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.

    The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.

    Wealth management is the highest level of financial planning services. Wealth management generally includes comprehensive investment management alongside financial advice, tax guidance, estate planning and even legal assistance.

    The type of service offered by a wealth management firm is best suited to affluent clients. But while you may not require wealth management now, your needs are likely to change over time. At some point, it may be time to look into wealth management.

    Customer Service And Support

    Investment guru Peter Lynch says passive investing is a mistake

    Fidelity prides itself on providing customer support. For account-specific questions, current customers can call the companys customer support team at 1-800-972-2155. For a full list of Fidelitys phone numbers, go here.

    You can also chat with a live customer support representative from 8 a.m. to 10 p.m. Eastern Time, Monday through Friday. On weekends, the chat is available from 9 a.m. to 4 p.m. If youd prefer chat-like support outside of those hours, Fidelity also has a neat virtual assistant that you can contact 24/7.

    If youd like good old-fashioned in-person assistance, you can drop into one of Fidelitys ten regional branches or 190 offices located throughout the U.S. If you prefer in-person interactions, you can search for a branch nearest to you on this page.

    Recommended Reading: Financial Analysis For Commercial Investment Real Estate

    Further Immigration Expansion And Industrialization

    In the North, urbanization and an unprecedented from and supplied a surplus of labor for the country’s industrialization and transformed its culture. National infrastructure, including and , spurred economic growth and greater settlement and development of the . The later invention of and the would also affect communication and urban life.

    The United States fought west of the Mississippi River from 1810 to at least 1890. Most of these conflicts ended with the cession of Native American territory and their confinement to . Additionally, the in the 1830s exemplified the that forcibly resettled Indians. This further expanded acreage under mechanical cultivation, increasing surpluses for international markets. Mainland expansion also included the from in 1867. In 1893, pro-American elements in Hawaii the and formed the , which the U.S. in 1898. , , and the were ceded by Spain in the same year, following the . was acquired by the United States in 1900 after the end of the . The were purchased from Denmark in 1917.

    How Much Money Do You Need For Wealth Management

    In short: A lot. Wealth management services often require steep account minimums. For example, Fidelitys private wealth management service, where you have an entire team of financial professionals working on your behalf, requires at least $2 million invested through Fidelity Wealth Services and $10 million or more in total investable assets.

    Fidelity also offers a simpler wealth management service, where you work with an individual advisor and requires a $250,000 account minimum.

    Vanguard, another online brokerage, offers a range of financial advice services the one it describes as wealth management requires a $5 million minimum.

    » View our list of the best wealth advisors

    Don’t Miss: North Oak Real Estate Investments

    What Are Fidelity Custodial Accounts

    Some families with ultra high net worth recognize that a boutique family office style firm like Pillar Wealth Management offers the level of comprehensive wealth management service they need.

    Except for one thing:

    They like the breadth of offerings and investments and the well-known trustworthy nature of a firm like Fidelity.

    If thats you, theres good news:

    The concept of a custodial account lets you blend the customization and elite-level expertise of a firm like Pillar Wealth Management with the investment breadth and trustworthiness of Fidelity.

    Our clients, who have $5 million to $500 million in liquid net worth, are drawn to us in part because we utilize Fidelity to custody our clients money.

    This also appeals to people who already had existing Fidelity accounts, but want the level of service we offer. With custodial accounts, for existing Fidelity account holders, you wont have to change anything if you work with us.

    The accounts will remain as-is, the money is accessible to you, and the links to your debit/credit cards and bank accounts all remain in place.

    Isnt that great?

    Heres another benefit of custodial accounts:

    This arrangement protects you. It also helps you avoid ACAT transfers and IRA to IRA transfers, which you would have to deal with if you hired a new wealth management firm that does not use custodial accounts.


    More like this

    Best Real Estate Investing Advice

    There Is...

    Series 65 Registered Investment Advisor

    Who Needs...

    Merrill Edge Self Directed Investment Account

    Merrill Edge...

    Investment Account Sign Up Bonus

    Acorns $25...