Many prospective investors ask, “Are Fidelity advisors free, do they charge any advisory fees, how do commissions factor in, whether there is a minimum account requirement, and how do Robo services differ for smaller balances?” These are all valid questions for anyone evaluating a financial services provider. The truth: Fidelity has multiple advisory options, each with its own cost structure. Below is a curated list of the key points to consider.
Explore Fidelity Go Robo Advisor
Fidelity Go is a digital managed account with no minimum investment requirement. It offers a gross advisory fee of $0 for balances under $25,000 and 0.35 percent for balances above that amount (Fidelity Investments). Once assets exceed $25,000, an investor may access a team of Fidelity advisors to address questions or review portfolio strategy. These advisors are included in the service, but the account still incurs the 0.35 percent management fee if the balance is over $25,000.
Consider Wealth Management Services
For individuals who prefer more customized guidance, Fidelity Wealth Management provides planning and investment management through a dedicated advisor. The gross advisory fees in this program range from 0.50 percent to 1.50 percent, depending on the size of the assets under management (Fidelity Investments). A minimum of $500,000 is generally required. Although these advisors are not free, they integrate financial planning with portfolio management, which can be beneficial for high-net-worth individuals concerned with tax efficiency and multi-generational asset strategies.
Look At Private Wealth Management
Ultra-high-net-worth individuals sometimes turn to Fidelity Private Wealth Management. This service includes an advisor-led team and has gross advisory fees that range from 0.20 percent to 1.04 percent, with eligibility requirements of $2 million managed through Fidelity Wealth Services or Fidelity Strategic Disciplines and $10 million or more in total investable assets (Fidelity Investments). While the advisory fees are not waived, this tier provides specialized planning for investors with substantial portfolios.
Review Commission-Free Trading
Beyond advisory fees, Fidelity has built a reputation for commission-free online trading in U.S. stocks, ETFs, and options (with a $0.65 fee per options contract) (Fidelity Investments). This structure can help reduce transaction costs, especially when investors buy or sell securities frequently. However, this feature does not imply that all Fidelity advisor services are free, since separate advisory fees can still apply.
Examine Zero Expense Ratio Funds
Fidelity introduced zero expense ratio index mutual funds for direct investors (Fidelity). By eliminating the expense ratio on certain index funds, Fidelity makes it more cost-effective to pursue passive investment strategies. These funds may complement an investor’s account managed by a Fidelity advisor, though the advisory fee for personalized guidance remains independent of the fund’s expense ratio.
Remember The Free Planning Tools
For individuals who want to create or monitor financial goals independently, Fidelity provides a Planning and Guidance Center. It lets them devise strategies for retirement or other objectives at no extra charge (Fidelity). Investors still need to cover any trading costs, and Fidelity does not guarantee returns or future performance. While these tools are free, comprehensive one-on-one advice typically requires enrolling in an advisory program with its own fee structure.
Investors evaluating Fidelity often compare it with other providers. Some examine competitor details, such as morgan stanley financial advisor salary or read schwab wealth advisory reviews. Those still unsure if professional guidance is necessary can look at do i need a financial advisor to decide if an advisor’s expertise aligns with their personal or family wealth goals.
Overall, Fidelity’s advisors are not entirely free. Robo features may come with zero fees for smaller accounts, while personalized advisory services or private wealth management typically involve ongoing costs. Whether these fees are worthwhile depends on an individual’s investment strategy, portfolio size, and desire for hands-on guidance.
