Fidelity Go
in Investment Advisors from Fidelity Bank
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| Minimum Initial Investment | $0 |
| Management Fee | 0.35% |
Fidelity Go Review
Fidelity Go is a bank founded in 1974 and based in Sarasota, FL.
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What fees does Fidelity Go charge?
Fidelity Go uses a fee-only model.
This means Fidelity Go 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.
| Description | |
|---|---|
| Annual Fee | $0 |
| Monthly Fee | $0 |
| Management Fee | 0.35% |
| Fee Based? | Yes |
| Account Transfer Fee | $0 |
| Account Termination Fee | $0 |
| Investment Expense Ratios | N/A |
| IRA Annual Fee | N/A |
What management fees does Fidelity Go charge?
Fidelity Go charges an annual management fee that starts at 0.35% and ranges up to 0.35%.
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 Go?
Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's 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 Go does not charge fees based on an investment expense ratio.What features does Fidelity Go offer?
Automatic rebalancing: Having a good balance of investments is important. But a well-balanced portfolio is not something you can set up and forget. Markets are constantly changing and can easily throw your portfolio out of balance. Fidelity Go allows you to rebalance your investments back to your target asset allocation at set intervals.
Fidelity Go is registered with the Securities and Exchange Commission, or SEC. Registered investment advisors are required to provide detailed information on the financial and legal status of the company and its staff. This allows investors to examine closely any conflicts of interest and look into the background of the company and its advisory team.
What type of investment accounts and asset classes does Fidelity Go support?
Fidelity Bank offers the following types of assets and account types.
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These are the investment options Fidelity Bank offers its clients.
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What is the minimum amount you have to invest to open an account with Fidelity Go?
Fidelity Go does not have a minimum amount to open an account.
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