Fidelity Private Wealth Management Review

This Fidelity Private Wealth Management review is meant for high net worth and ultra-high net worth families that encounter substantial complexity in managing the various aspects of their lives, including their wealth, assets, lifestyle, relationships, and other activities.

STRATEGIES FOR FAMILIES WORTH $5 MILLION TO $500 MILLION

 

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

 

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

If you have more than $5 million in liquid investable assets, we recommend that you request a copy of our informative guide, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning, authored particularly for individuals and families who hold $5 million to $500 million in investable wealth. This valuable guide by Pillar Wealth Management will introduce you to the essentials of financial planning and wealth management while explaining what you can expect from the top ultra-high net worth wealth management firms.

When you have wealth outside the $5-million bracket, there seem to be an endless number of things to plan, manage, and organize, especially if you want to build a meaningful and vibrant family enterprise that, if all goes well, perpetuates for future generations. Fortunately, you don’t have to do it alone. Firms like Fidelity Private Wealth Management can downgrade this complexity and deliver efficiency across the breadth of your assets and activities. Or you can contact some other high net worth wealth management firm to guide you.

At Pillar Wealth Management, we’re highly skilled in developing wealth and financial plans for individuals and families who have liquid assets worth anywhere from $5 million to $500 million. We hold our own as one of the most competent wealth management companies, with a collective experience of over 64 years in expert fiduciary services, including wealth management, tax planning, estate planning, and business succession planning. Our experts use both active and passive asset management so the best interests of the client are satisfied. You can also book a no-obligation meeting with one of our team members and learn about the available options for safeguarding and perpetuating your wealth.

How much money do I need for Fidelity Wealth Management?”,Which is the best wealth management firm?” – these are some of the questions that we’ll be addressing in this review, along with “Is Fidelity a wealth management firm?”

Here’s what we’ll cover:

Fidelity Wealth Management: Overview 2

  1. Personalized Investment Management 3
  2. Expert and Dedicated Wealth Managers 3
  3. Total Wealth Management 3
  4. Tax-Smart Investing Strategies 3

How Much Money Do I Need for Fidelity Wealth Management?” 3

Fidelity Wealth Management Fees 3

Which  Wealth Management Firm is the Best? 4

• Compare Offered Services 4

• Compare Reviews and Past Records 4

• Compare Investment Approaches 5

Fidelity Private Wealth Management Review: Conclusion

Fidelity Wealth Management: Overview

“Is Fidelity a wealth management firm?” is a question frequently asked by both our readers and clients. Here, we’ll end that confusion once and for all.

The short answer: Yes, it is.

For a longer explanation, keep reading.

Fidelity Wealth Management is a wealth and investment management firm that commercially provides discretionary investment management and non-discretionary financial planning through portfolio advisory services and wealth management programs for high net worth and ultra-high net worth clients. The firm extends services to wealthy families to help them manage the complexity of their lives, with the ultimate aim of growing their financial wealth and supporting their long-term goals.

Largely popular for its mutual funds, Fidelity Wealth Management Company offers a wide array of services, including retirement planning, life insurance, portfolio guidance, investment management, and brokerage.

Here’s what’s included in Fidelity Wealth Management services:

 

1.     Personalized Investment Management

Fidelity Wealth Management’s experts manage investment portfolios of high net worth and ultra-high net worth individuals and families with the aim to secure and build their wealth. This involves factoring in their preferences and opinions related to risk, with continuous monitoring and rebalancing.

If you want to learn about effective portfolio strategies to manage your wealth, read our in-depth guide, Improving Portfolio Performance.

 

2.     Expert and Dedicated Wealth Managers

Fidelity wealth managers are committed to providing dedicated services to clients and endeavor to understand what is important to each client. Together, managers and clients work on financial plans designed to safeguard and build wealth.

 

3.     Total Wealth Management

Fidelity’s Total Wealth approach avoids having a disorganized outlook on wealth by ensuring coordination among all asset classes. Integrating all aspects of wealth into clients’ financial planning enables them to predict, manage, and monitor the trajectory of their total wealth.

 

4.     Tax-Smart Investing Strategies

If you’re worried about the impact of taxes on your wealth, Fidelity Wealth Management experts can use numerous tax-smart investing strategies to manage your portfolio to help you keep more of your wealth.

 

How Much Money Do I Need for Fidelity Wealth Management?”

Fidelity Wealth Management’s vast range of account minimums makes the firm’s services available to both high net worth and non-high net worth individuals. Apart from individual fiduciary advisors, the company also works with businesses handling employee benefits and advisors for technology-related services.

In addition, the account minimums for Fidelity’s asset management services differ based on program type. To qualify for Fidelity Wealth Services, clients are required to have and maintain a minimum account figure of $50,000. Similarly, clients who wish to invest in tax-sensitive program accounts or the BlackRock Diversified Income Portfolio are mandated to have $200,000 minimum to invest.

On the other hand, the account limits for the firm’s wealth management advisory program require at least $10 million in investable assets and a minimum investment of $2 million. This program is offered through the company’s Private Wealth Management group and provides a highly personalized service.

 

Fidelity Wealth Management Fees

For Fidelity Wealth Services, the company charges an advisory fee that covers the cost of access to financial planning services, expert advisory, continuous portfolio management, and expenses related to custody, brokerage, and clearing services. Furthermore, to offset probable conflicts of interest related to the firm earning money from the trade of certain investments, respective clients receive a credit. In these circumstances, the gross advisory fees are reduced by the credit amount (applicable to every quarter).

For instance, if a client’s average account value falls below $500,000 each day, they’ll pay a 1.5% gross advisory fee yearly, minus the credit amount. The maximum fee is $6,250. However, for accounts above $500,000, the fee will vary. The following fee schedule is used:

 

Advisory Fee Schedule for Program Accounts (Annual)
Average Daily Assets Annual Gross Advisory Fee
First $500,000 1.25%
Next $500,000 1.1%
Next $1,000,000 0.9%
Next $3,000,000 0.7%
More than $5,000,000 0.5%

 

Disclaimer: The actual fee paid will be the asset-based fee minus any credit amount.

 

Which Wealth Management Firm is the Best?

Though there are numerous reputable wealth management firms, it is important to understand that having custom solutions for high net worth and ultra-high net worth investors is what matters — it’s about personalization and knowing your and your family’s financial needs vs. being just another addition to a client list, as is often the case with the big Wall Street firms. It is also about what high net worth and ultra-high net worth investors like you should demand, expect, and deserve from the best wealth management firms.

It is equally important to note that each wealth management company, including Fidelity, differs in its services and offerings. Consequently, the answer to “which wealth management firm is the best?” is a very personal one.

However, the best wealth management firms work closely with their clients to identify their unique financial goals and develop a comprehensive plan to accomplish those goals. The decisions largely rely on selecting solid investments that will grow over time.

At Pillar Wealth Management, we offer the services of qualified wealth managers who have years of experience in managing the high-profile portfolios of ultra-high-net-worth individuals. They’ll share key insights with you to help you understand what wealth management entails and how you can profit from it the most.  Get in touch with our team today for a free one-on-one consultation.

Remember, signing on with a wealth management firm is one of the most crucial financial decisions you will ever make. Therefore, it should be handled with meticulous attention to detail. After all, you will be paying hefty fees for that level of treatment. So, just like other financial decisions, there are several factors to consider and important questions to ask if you are ready to build serious wealth.

Below are some guidelines to follow when choosing a wealth management firm with which to invest your money:

●      Compare Offered Services

It’s important to be fully aware of the kinds of financial services and products different wealth management firms provide to clients. For instance, some wealth management companies specialize in particular investment types or strategies, while some do not. Therefore, pay close attention to the firm’s overall investment strategy to make sure it aligns with your financial objectives.

●      Compare Reviews and Past Records

Wealth management firms generally hold assets worth millions or even billions of dollars under management, but that alone isn’t an indicator of how well they serve their clients. That’s why we recommend you consider their past history before signing the deal. See whether the firm has received any awards or special recognition for its services or if there are any positive reviews on platforms like Better Business Bureau. The more research you do, the more confident you’ll feel in signing up with a firm.

●      Compare Investment Approaches

A wealth management firm’s investment approach is another important area to scrutinize. Some essential elements to consider are: Does the company use individual securities or mutual funds? What are its investment offerings? Is the investment approach tailored for each client or is a cookie-cutter approach used? Does it only offer internal investment opportunities or is access to external managers available? The answer to such questions can help you determine whether or not a firm provides a broad enough range of investment opportunities.

Fidelity Private Wealth Management Review: Conclusion

Identifying and choosing the best wealth management firm for you is a task that demands a significant amount of effort and time. It certainly is not something you can do without performing sufficient research, and that’s where we can help.

At Pillar Wealth Management, we provide fiduciary wealth management services that prioritize your needs and ensure you achieve your wealth and financial goals. Our wealth management experts can provide you the security and peace of mind that comes with knowing you’ve planned appropriately for the future of your family. Pillar Wealth Management’s high net worth and ultra-high net worth financial planners will protect your long- and short-term financial interests. Under the guidance of our co-founders, Hutch Ashoo and Chris Snyder, who collectively have 64+ years of experience, dating back to 1988, we’ve assisted countless high net worth individuals and their families to maximize the value of their wealth.

We offer professional, qualified, wealth planning services, such as wealth management, tax planning, estate planning, and business succession planning. However, we specialize in services for investors with liquid assets worth $5 million to $500 million. The priority of our wealth managers is to deliver a reliable, personal, and reassuring experience to leave clients safe in the knowledge that their hard-earned wealth is in the right hands.

Set up a free consultation with one of our competent wealth managers to see how we can assist you!

Authors

To be 100% transparent, we published this page to help filter through the mass influx of prospects, who come to us through our website and referrals, to gain only a handful of the right types of new clients who wish to engage us.

We enjoy working with high net worth and ultra-high net worth investors and families who want what we call financial serenity – the feeling that comes when you know your finances and the lifestyle you desire have been secured for life, and that you don’t have to do any of the work to manage and maintain it because you hired a trusted advisor to take care of everything.

You see, our goal is to only accept 17 new clients this year. Clients who have from $5 million to $500 million in liquid investable assets to entrust us with on a 100% fee basis. No commissions and no products for sale.

More from authors.

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