Fidelity Financial Advisor – PillarWM

For full disclosure, one advisory option is to utilize a firm like Pillar Wealth Management which serves clients who have between $5 million and $500 million in liquid assets.

One reason this is appealing to existing Fidelity clients is that we utilize Fidelity to custody our clients’ money. What that means for existing Fidelity account holders is that the accounts will remain as-is, the money is accessible to you, and the links to your debit/credit cards and bank accounts all remain in place. Your cost-base information and all historical details will be preserved this way while you gain a new advisor to guide you and invest your portfolio. We are merely granted access to manage your portfolio, but within the well-functioning and trustworthy Fidelity platform.

This arrangement protects you. It also helps you avoid ACAT transfers (firm to firm), and IRA-to-IRA transfers, and the like if you desire to hire a new wealth management firm. If you want to talk to a wealth manager who has served ultra-high net worth clients for over 30 years and uses a 100% custom approach to create a plan that grows, manages, and protects your wealth, schedule a free call with one of our co-founders, Hutch Ashoo or Chris Snyder.

Fidelity Investments is a multinational brokerage firm that serves banks, trusts, investment advisors, and institutional firms. If you’re a wealthy individual with a liquid net worth higher than 5 million dollars, you know that selecting a Fidelity financial advisor might be the single most important decision in your financial life.

When it comes to financial advisory companies, Pillar Wealth Management holds its own as a private wealth management firm. We provide investment advisory services and wealth management services to rich clients with a liquid net worth ranging from $5 million to $500 million. Our experienced wealth managers have worked with high net worth and ultra-high net worth investors for decades, making them well-equipped to understand your unique needs. If you’re interested in sitting down and having a meeting with us, book your time and day with us now!

Although we are Registered Investment Advisors, we do not hold your money or investments. Instead, Pillar Wealth Management works with highly recognized, reliable, and well-known custodians, such as Fidelity Investments, to keep your assets secure. Keep reading to learn more about how this partnership is beneficial for investors like you.

3 Facts about Fidelity Investments

1. History

As a diversified financial company, Fidelity Investments has been helping affluent clients with their wealth management since it was founded by Edward Johnson II in 1946. Currently, Abigail Johnson succeeded her father as CEO. The vast experience of the company makes it a great choice for high net worth investors looking for a Fidelity financial advisor.

Although their main office is in Boston, Massachusetts, Fidelity Wealth Management is spread out across the world with over 200 offices. They recently launched Fidelity Digital Asset Services, which looks after institutional crypto asset custody and cryptocurrency trade execution.

If you’re a high net worth or ultra-high net worth investor searching for a financial advisor, a Fidelity financial advisor may be the kind of advisor to give you the services you are searching for. Alternatively, if you prefer working with a private wealth management firm that caters to a more niche category of clients, you can work with Pillar Wealth Management. Contact one of our wealth managers to see how we can help you with an array of financial services.

2. Fidelity Financial Advisor and Financial Planner

Devotion and commitment are two important factors to look for in a financial advisor, and Fidelity Investments is one of the most proficient firms out there. A Fidelity financial advisor can handle everything that comes under your wealth management, including financial planning and retirement planning.

A Fidelity financial advisor can help you map out your short-term and long-term goals, allowing you to use the right tools and strategies to enhance your wealth. In our brilliant guide, Improving Portfolio Performance: The Shifts Multi-Millionaires Must Make to Achieve Financial Security and Serenity, you can learn about the strategies that we use at Pillar Wealth Management to give you maximum capital growth at minimal risk. Similarly, Fidelity Investments advisors use advanced investing tools to improve your performance.

Fidelity’s advisory options include consulting a private wealth management firm, such as Pillar Wealth Management. This is convenient for existing Fidelity clients since we use Fidelity as our custodian. This means that all your accounts and links will remain in one place, and your information will be preserved as you consult with an outside advisor (other than your Fidelity financial advisor). If you have questions about how this arrangement works, feel free to call us up and chat with us.

3. Wealth Management at Fidelity Investments

In addition to hiring a Fidelity financial advisor, you can take advantage of their expert wealth management services. Their professional team carefully monitors a customized financial and investment plan, considering your risk tolerance and preferences.

Asset management, tax management, legacy planning, and retirement planning are core financial aspects that wealth management covers. A team of experts will be led by your Fidelity financial advisor, analyzing your financial life to carefully curate the best strategies to grow your wealth and safeguard your assets. They overlook your family’s wellbeing, too, making sure that their expenses are met, and their future is secure.

Which Clients Do They Accept?

Most wealth management firms have a minimum account size that needs to meet their threshold. Fidelity Wealth Management places this limit at $250,000 for their wealth management services and $2 million for their private wealth management services. The latter is reserved for high net worth and ultra-high net worth individuals, who are subject to further screening.

At Pillar WM, our wealth managers have a fee-only compensation model, and we pre-disclose any and all charges in your consultation with us. Hence, you can rest assured there will not be any hidden or unnecessary costs.

What is Their Fee Structure?

Before you hire a Fidelity financial advisor, you need to understand their fee structure. We discuss various payment structures and their pros and cons in our guide, The Ultimate Guide to Choosing the Best Financial Advisor for Families worth $5 Million to $500 Million.

Fidelity financial advisor fees for wealth management are approximately 0.50% to 1.50% AUM on an annual basis. For private wealth management, their gross advisory fee is approximately 0.20% to 1.04% AUM. However, this fee is not inclusive of other trade charges such as handling charges, regulatory fees, odd-lot differentials, exchange fees, etc.

Wealth Management at Pillar Wealth Management

The best wealth management firms screen their clients for eligibility, particularly when it comes to high net worth or ultra-high net worth investors. If you have over 10 million dollars of liquid investable assets, you should do your own screening too! Not every firm, Fidelity financial advisor, or wealth manager will be the right fit for you. To differentiate between the good and the best, you can refer to our Ultimate Guide to choosing the best financial advisor.

Pillar Wealth Management is an independent, fiduciary, fee-only, private wealth management firm catering to clients with 5 million to 500 million dollars in liquid assets. Our customized wealth management services are trusted by affluent investors who want an expert who specializes in the field to guide them on their monetary aspects. Whether you choose to hire a wealth manager or a Fidelity financial advisor, remember to work with a professional who understands your goals, aspirations, and reservations. We can help boost your net worth by implementing wealth enhancement strategies that optimize your portfolio for maximum performance. If you’re interested in learning more about how we can help you, schedule a meeting with us!

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