6/29/2023 0 Comments Contact mymoney by fidelity![]() So that advisor referred us to another type of advisor in their office whose team was able to at least consider both our assets combined across account type. The first advisor we met with told us that their investment team was unable to manage our portfolio on a global scale across both of our accounts, and across all asset types. I do not have access to the official Fidelity names of the two types of advisors described below. This system is not hooked up to your personal web site, there was a special one-time login they provided me. We initially discussed broad goals and desires, then they wanted us to enter our detailed income and expense budget into a system that lets them plan better. They prefer face to face rather than phone calls. Once we finally contacted Fidelity to set up an initial discussion, we were invited in to meet their advisor at one of their Investor Centers. Recently, we saw the need for someone else to help us keep our assets growing and protected better. Years ago before working with our planner we went in once but did not proceed. Our accounts were sufficiently sized that occasionally we’d receive emails from a Fidelity representative to come meet with them in their Investor Center to set up customized services. Once we finally got around to calculating that we were out of balance from our target allocations, and by how much, we’d experience decision paralysis about which specific investments to buy. 50% in Domestic Stocks, 10% in International Equities, etc.) and rebalancing on a schedule.īut we’re not good about timely rebalancing ourselves - we are not very active investors and sometimes money from sales or investments from outside sources would languish in default Money Market accounts for over a year. So we both know the basics of having a target asset allocation (e.g. And we worked with a personal financial planner for years, who we had to fire because they raised their fee too much. Both of us have studied and worked in some aspect of Finance/Investments. My spouse and I have had accounts with Fidelity for years. ![]() This may be more of a system constraint than their philosophy issue, but obviously it is not a priority. It was a little surprising that Fidelity is not geared to globally managing combined assets from my and my spouses accounts and across all asset types, when some of their systems show consolidated assets by asset type, but not at a detailed enough level to do everything. It is not meant to be representative of everyone’s experiences or a broad review of their services.īelow I discuss our recent process of agreeing to become clients of this extra fee-based service, some of the mechanics of doing so, some highlights of their good systems available and some small issues we encountered (more than we’d expected.) This reviews our relationship with Fidelity Investments and our recent signing up for Fidelity® Wealth Services. Managed account minimum, online trading costs, and IRA fees. Fidelity Wealth Management Account ReviewĢ023 Fidelity Wealth Services account review: full service brokerage rating, investing commissions and fees,
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