Fidelity Services for High Net Worth
Fidelity services for high net worth generally include discretionary investment management and non-discretionary financial planning through portfolio advisory services and several wealth management programs. These services are particularly geared towards high net worth and ultra-high net worth individuals who experience significant complexities while managing different aspects of their lives, including their wealth, assets, lifestyle, relationships, insurance, health care and other activities. If you have more than $5 million in liquid investable assets, 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 worth $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.
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.
It is true that wealth management is important for everyone but more so for high net worth and ultra-high net worth individuals and families. Complexities related to wealth increase once it crosses the $1 million mark since numerous states in the United States levy estate and/or inheritance taxes on wealth. Moreover, when you have wealth exceeding $5 million, there will be endless things to plan, manage, and organize especially if you want to build and perpetuate all that money for your future generations.
But thanks to companies Pillar Wealth Management, you won’t have to navigate this road alone. With an array of Fidelity services for high net worth, we can efficiently downgrade the intricacies of wealth and ensure your assets are safeguarded throughout your lifetime and even thereafter. You can get in touch with our team and speak to them in a one-on-one consultation.
“How much does Fidelity Wealth Management cost?”, “What is the net worth of fidelity?” – these are some of the questions that we’ll be addressing in this post along with explaining how much should you save for retirement by a certain age.
Table of Contents
Fidelity Wealth Management: Overview
Fidelity Wealth Management is a wealth and investment management firm that extends services to wealthy individuals and families to help them manage the complexity of their lives. Particularly, to grow their wealth, manage and support long-term goals and seamlessly coordinate all financial endeavors in a unified manner.
Fidelity services for high net worth are generally a combination of tax, investment, legal, governance, and concierge-related activities, along with others that can be tailored to fulfill the needs of high net worth and ultra-high net worth individuals and their families. Owing to an array of their services, the web of independent wealth advisors, processes, and teams that high earners need to manage their assets and activities can be reduced. Remember, when it comes to wealth management, there’s no one-size-fits-all; every client needs a customized team, services, and scale that best fulfills their needs.
At Pillar Wealth Management, we’re highly skilled in developing wealth and financial plans for individuals and families who’ve liquid assets worth anywhere between $5 million and $500 million. We hold the ground 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, business succession planning, and more. Our experts use both active as well as passive management so that the best interest of every client is achieved. You can even book a no-obligation meeting with one of our team members and learn about all available options to safeguard and perpetuate your wealth. Moreover, do consider using our $10million financial guide to learn how you can save $100,000/$10 million in assets.
Fidelity Services for High Net Worth
Here are some of Fidelity’s most popular services for high net worth individuals and families:
1. Personalized Investment Management
Manage investment portfolios with the aim to secure and build wealth of high net worth and ultra-high net worth individuals and families. This involves incorporating their preferences and opinion related to risk, with continuous monitoring and rebalancing.
If you wish to learn some lucrative strategies to manage your wealth, be sure to check our in-depth guide, 7 Secrets to High Net Worth Investment Management, Estate, Tax, and Financial Planning.
2. Expert & Dedicated Wealth Managers
The firm is committed to provide dedicated service to clients while striving to learn what each client wants and plan strategies for the future accordingly. Together, managers and clients work on financial plans designed specially to help safeguard and build wealth.
3. Total Wealth Management
Uses a total wealth approach to avoid the disorganized outlook regarding wealth and makes sure coordination among each asset class is present. Integrating all aspects of wealth into a client’s financial planning enables wealth managers 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 portfolios to help you retain more of your existing wealth. Feel free to contact our wealth planning specialist at your convenience to learn about different tax-smart investing strategies.
5. Holistic Planning
The right wealth manager can help you develop a tailored plan that’s based on your complete financial footing, covering areas such as estate planning, retirement, taxes, health care, travel, etc.
Other services offered by Fidelity Wealth Management include:
- Small business retirement plans
- Retirement products
- IRAs
- Mutual fund management
- Retirement planning
- 529 plans
- Robo-advisory program
- Life insurance and long-term care
- Charitable giving
- Annuities
- Investment management
- Portfolio guidance
How Much Does Fidelity Wealth Management Cost?
Fidelity Wealth Management firms’ vast range of account minimums makes it available for both high net worth and non-high net worth individuals alike. To answer “how much does Fidelity Wealth Management cost?” it is important to first understand that the fees charged for Fidelity’s asset management services differ based on program type.
For example, to be eligible for Fidelity Wealth Services, clients are required to have and maintain a minimum account of $50,000. Similarly, clients wanting to invest in tax-sensitive program accounts or the BlackRock Diversified Income Portfolio, are required to have $200,000 minimum as investment.
On the other hand, the highest account minimum for the firm’s wealth management advisory program requires 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 highly personalized service.
Fidelity Service Cost Schedule
For Fidelity Wealth Services, the company charges an advisory fee that entails 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 client’s total average account assets fall 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.
What Is the Net Worth of Fidelity?
Established in 1946 with headquarter in Boston, Massachusetts, Fidelity is one of the largest asset management company in the world with about $4.5 trillion in assets under management (as of December 202). The firm’s total assets under administration have accumulated to $11.8 trillion. Fidelity manages a large family of mutual funds, operates a brokerage firm, provides investment advice and fund distribution, wealth management, retirement services, index funds, life insurance, asset custody, cryptocurrency, and securities execution and clearance.
| Total Customer Accounts | 75 million+ |
| Total Investors | 32 million+ |
| Employee Benefits Programs | 22,000+ |
| Financial Advisory Firms | 13,500+ |
How Much Should I Save For Retirement by Age Fidelity?
Everybody’s road to retirement is as personal and unique one’s DNA with twists and turns that are distinctive to their special circumstances. Yet majority of people grapple with the same questions, typically starting with “how much should I save for retirement?” or “How much money do I need to retire?
It’s imperative to clarify that nobody knows the exact answers to these questions since no one knows know what life or markets have to offer in the future. Nevertheless, it is crucial to know where you stand to make decisions that’ll help you make wise choices as retirement nears.
That’s why Fidelity performed a comprehensive analysis to devise an age-based retirement saving guideline that can help you plan for the future despite the myriad uncertainties of life. These milestones can be a stretch for many and not everyone will be able to meet all of them. Yet, these guidelines can serve as guiding goals to help you plan and save enough to sustain your lifestyle in retirement.
Fidelity’s saving factors assume that a person saves 15 percent of their annual income starting at age 25, invests on average over 50 percent of their savings in share over their lifetime, retires at age 67, and maintains their lifestyle in retirement.
Based on this, the company estimates that saving ten times your pre-retirement income by age 67, paired with other incentives, should help warrant that you have sufficient income to preserve your existing lifestyle once you retire.
To help investors stay on track, the firm advices the following age-based targets:
Source: Fidelity
Investors are advised to save at least 1x their income by 30, 2x by 35, 3x by 40, 4x by 45, and so on.
It’s important to note that each investor personal savings objective may differ based on various factors including retirement lifestyle, expected age of retirement, etc. But this outline can offer a starting point to build your retirement fund. Set up a free consultation with one of our competent wealth managers to see how we can assist you!
Fidelity Services for High Net Worth: Conclusion
Largely popular for its mutual funds, Fidelity Wealth Management provides a vast range of services, including life insurance services, retirement planning, brokerage services, portfolio guidance, and investment management. But we also understand that identifying and choosing the best wealth management firm is not an easy feat. Moreover, it’s not something you can do without performing sufficient research. That’s where we can help. Book a free consultation with one of our competent wealth managers to see how we can help.
At Pillar Wealth Management, we provide fiduciary wealth management services to prioritize your needs and ensure you achieve your wealth and financial goals. Our wealth management experts can provide you the security and peace that comes with knowing you’ve planned appropriately for the future of your family. Pillar Wealth Management 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 overall value of their wealth.We offer professional, qualified wealth planning services, such as wealth management, tax planning, estate planning, business succession planning, and more. However, we specialize in services for investors from $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.
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.