Does it cost money to talk to a Fidelity advisor? (2024)

Does it cost money to talk to a Fidelity advisor?

There's no cost to set up a meeting and talk to us. Any fees you pay at Fidelity are solely dependent on the products and services that you choose. We can disclose all fees based on your choices during consultation.

Is it free to meet with Fidelity advisor?

One-on-one meetings are complimentary! Research investment professionals with FINRA's BrokerCheck. Fidelity is here for you! Please see important information below.

Does Fidelity charge advisor fees?

Fidelity Go® offers tiered pricing based on your account balance. You'll pay no advisory fee for a balance under $25,000, or 0.35% per year for any balances of $25,000 and over. Either way, there are no trading fees, transaction fees, or rebalancing fees.

How much money is it to talk to a financial advisor?

Financial advisor fees
Fee typeTypical cost
Assets under management (AUM)0.25% to 0.50% annually for a robo-advisor; 1% for a traditional in-person financial advisor.
Flat annual fee (retainer)$2,000 to $7,500.
Hourly fee$200 to $400.
Per-plan fee$1,000 to $3,000.
Jan 5, 2024

Is Fidelity Wealth Management free?

advisory service or program through Fidelity, including, without limitation, Fidelity® Wealth Services and Fidelity® Strategic Disciplines. While there are no program enrollment fees, eligible accounts are charged an advisory fee. Investing involves risk, including risk of loss.

How do I avoid Fidelity fees?

Escaping the Fidelity Recordkeeping Fee can be achieved through strategic actions such as closing the account, seeking fiduciary services, and considering alternatives to minimize financial obligations. Closing the account is a straightforward approach to avoid the fee entirely.

How does Fidelity make money with no fees?

If you keep any spare cash in your brokerage account, Fidelity will make money investing that cash and keeping most of the interest. Brokers make a lot of money on the spare cash you keep in your account -- it's one of the main ways the free brokerage service Robinhood makes money.

What is the downside to Fidelity?

Fees. Fidelity has average trading and low non-trading fees, including commission-free US stock trading. On the negative side, margin rates and fees for some mutual funds can be high. We compared Fidelity's fees with two similar brokers we selected, E*TRADE and TD Ameritrade.

Is Charles Schwab or Fidelity better?

You can't go wrong with either. However, the more active or sophisticated investors might prefer Charles Schwab's somewhat greater range of tools and analytical data. More casual investors might have a better experience with Fidelity's streamlined user interface and intuitive approach.

What is the minimum balance in Fidelity?

Fidelity's account minimum is $0*, which has become the industry standard for brokers we review, as many no longer have a required minimum to open or maintain your account. Some investment choices, such as mutual funds, may require a minimum initial investment.

Is 2% fee high for a financial advisor?

Most of my research has shown people saying about 1% is normal. Answer: From a regulatory perspective, it's usually prohibited to ever charge more than 2%, so it's common to see fees range from as low as 0.25% all the way up to 2%, says certified financial planner Taylor Jessee at Impact Financial.

Is 1.5 too much for financial advisor?

Many may ask “Is 1.5% too much?” and the answer is that it depends. While 1.5% is on the higher end for financial advisor services, if that's what it takes to get the returns you want then it's not overpaying, so to speak. Staying around 1% for your fee may be standard but it certainly isn't the high end.

Is a 1% management fee high?

Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee.

Is Fidelity too big to fail?

Perhaps the strongest argument that firms such as BlackRock and Fidelity can make is that unlike many of the large institutions already identified as too big too fail, these firms didn't need a bailout during the financial crisis. In other words, history is on their side.

Is Fidelity go worth it?

The Bottom Line

Fidelity Go provides a strong offering overall that clearly stands out for existing Fidelity customers, hands-off investors, and new robo-advisor users looking for a company that has a well-established track record.

Which Fidelity funds are free?

Fidelity® ZERO Large Cap Index Fund (FNILX)

There is a 0% expense ratio and no minimums to invest in FNILX.

Is it safe to have all my money at Fidelity?

Protecting your assets

With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible. See our protection guarantee and account coverage.

How much does it cost to have Fidelity manage your account?

For the first $10,000 invested, there is no advisory fee. Amounts between $10,000 and $49,999 cost $3 per month. Investments of $50,000 or more are charged 0.35% per year. Portfolio Advisory Services – This wealth management account requires a $50,000 minimum.

Does Fidelity charge a yearly fee?

There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply.

Does Fidelity charge inactivity fees?

Fidelity does not charge annual brokerage and IRA account fees. There aren't non-trading or inactivity fees at Fidelity or Vanguard, and neither firm requires a minimum account opening balance.

How does Fidelity make money off you?

Stock loan programs: Fidelity earns revenue by loaning stocks in your account for short sales, with your permission, and it shares that income with you.

Is Fidelity broker free?

Stocks. We offer domestic and international stocks, real estate investment trusts, initial public offerings, and more. All online US stock trade commissions are $0.

What happens to my investments if Fidelity goes bust?

The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. The SIPC will cover up to $500,000 in securities, including a $250,000 limit for cash held in a brokerage account.

What happens to investments if Fidelity collapses?

If a brokerage fails, another financial firm may agree to buy the firm's assets and accounts will be transferred to the new custodian with little interruption. The government also provides insurance, known as SIPC coverage, on up to $500,000 of securities or $250,000 of cash held at a brokerage firm.

Is Vanguard better than Fidelity?

If you want to actively trade within your accounts, Fidelity might be the better option. However, if you want to focus more on index investing, or you want to use a robo-advisor, Vanguard has a slight edge.

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