Community Rating Strongly recommended
Minimum Initial Investment $0
Management Fee 0.35% - 1.50%
Number of Reviews 5

Fidelity Investment Advisor Review

Fidelity investments is a financial services company founded in 1946 and based in Boston, MA.

Fidelity investments Pros & Cons

The Good The Bad
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.

Fidelity investments FAQ

What fees does Fidelity investments charge?

Fidelity investments uses a fee-only model.

This means Fidelity investments gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

Fidelity investments uses a commission-based model. In other words, they get a commission when they sell you investment products, such as stocks or mutual funds.

Fidelity Investment Advisor Fees
Account Termination Fee Starting at $0
Commission Based?
Fee Based?
Management Fee 0.35% - 1.50%

What management fees does Fidelity investments charge?

Fidelity investments charges an annual management fee that starts at 0.35% and ranges up to 1.50%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Fidelity investments?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolios performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Fidelity investments does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does Fidelity investments support?

Fidelity offers the following types of assets and account types.

Accounts Supported
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • 529 College Savings Plans
  • Trusts
  • Employer Sponsored Plans
  • Custodial Accounts

Fidelity does not offer any of the investment vehicles that we track.

What is the minimum amount you have to invest to open an account with Fidelity investments?

Fidelity investments does not have a minimum amount to open an account.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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