Fidelity Services for High Net Worth

Fidelity services for high net worth individuals typically include both discretionary investment management and non-discretionary financial planning. These are offered through structured portfolio advisory services and various wealth management programs. Such services are designed to assist high-net-worth and ultra-high-net-worth individuals in managing complex aspects of their financial lives—ranging from investment planning and asset management to lifestyle considerations, legacy goals, and tax efficiency.

It’s true that wealth management plays a role for everyone—but it becomes even more essential for high-net-worth and ultra-high-net-worth individuals and families. Once wealth exceeds the $1 million mark, complexities often increase. These can include estate and inheritance taxes in various states, as well as advanced planning needs for asset preservation, intergenerational transfers, and strategic philanthropy.

For those with $5 million or more in investable assets, the financial landscape can require thoughtful coordination across many areas of life. This includes managing investments, planning for retirement, preparing for future health care needs, and structuring wealth to support long-term goals.

Firms offering wealth advisory services—such as those available through Fidelity—aim to streamline these complexities through tailored investment strategies and planning programs. These services are intended to support the needs of individuals navigating the challenges and responsibilities that come with substantial wealth.

Fidelity Wealth Management: Overview

Fidelity Wealth Management offers a suite of investment and financial planning services designed to help high-net-worth and ultra-high-net-worth individuals manage complex financial needs. These services aim to support long-term financial goals while offering strategic planning across areas such as investments, tax strategies, wealth transfer, and financial organization.

Their approach typically includes a blend of discretionary investment management and personalized financial planning, tailored to support clients with diverse assets and unique financial objectives. By streamlining services under one platform, Fidelity seeks to reduce the need for coordinating across multiple independent advisors and service providers.

High-net-worth individuals often require a customized wealth management structure that aligns with their personal and financial priorities. There is no universal strategy—effective wealth planning requires personalized solutions that reflect a client’s specific goals and lifestyle.

Fidelity Services for High Net Worth

Fidelity Wealth Management provides a broad range of services tailored to individuals and families with substantial assets. These services are designed to support long-term goals, organize financial priorities, and streamline asset management for high-net-worth and ultra-high-net-worth clients. Key offerings include:

1.     Personalized Investment Management

Fidelity offers portfolio management that aligns with individual preferences and risk profiles. Portfolios are continuously monitored and rebalanced to reflect changing market conditions and evolving financial needs.

2.     Dedicated Wealth Managers

Clients are paired with financial advisors who help identify goals and build personalized plans. This collaborative approach supports both wealth preservation and growth.

3.     Total Wealth Management Approach

By integrating all components of a client’s financial life—from investments to estate considerations—Fidelity aims to provide a unified strategy that helps monitor and direct overall wealth trajectory.

4.     Tax-Smart Investing Strategies

Fidelity incorporates techniques such as tax-loss harvesting and portfolio structuring to help reduce tax liabilities and retain more of clients’ earnings over time.

5.     Holistic Planning

Clients receive planning support that spans estate strategies, healthcare considerations, education funding, charitable giving, and lifestyle goals, ensuring a comprehensive approach to wealth management.

Additional services 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

How Much Does Fidelity Wealth Management Cost?

Fidelity Wealth Management offers a range of services with varying account minimums, making it accessible to both high-net-worth individuals and those with smaller portfolios. To understand how much Fidelity’s wealth management services cost, it’s important to look at the specific program requirements and fee structures.

Program Overview and Account Minimums
Fidelity’s fees and required account sizes vary depending on the level of service:

• Digital investment management is available with no minimum investment.
• Personalized financial advice begins at a $25,000 minimum.
• Fidelity Wealth Services requires a minimum account of $50,000.
  Tax-sensitive and BlackRock Diversified Income Portfolio programs require a $200,000 minimum.
• Private Wealth Management is designed for clients with at least $2 million in investable assets and a total portfolio value of $10 million or more. This tier offers the most tailored planning services.

These varying entry points allow individuals to select the level of wealth management that aligns with their financial position and planning needs.

Fidelity Service Cost Schedule

Fidelity Wealth Services charges an advisory fee that covers access to financial planning, ongoing portfolio management, and administrative costs such as custody, brokerage, and clearing services. To address potential conflicts of interest related to earnings from investment transactions, Fidelity applies a credit to reduce the gross advisory fee—this credit is reflected quarterly.

For example, if a client’s average daily assets fall below $500,000, the annual gross advisory fee is 1.5%, capped at $6,250 annually (before applying the credit). For larger portfolios, the fee percentage decreases as assets increase. Below is a breakdown of Fidelity’s annual advisory fee schedule based on average daily assets:

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%

Note: The actual fee paid is the asset-based fee minus any applicable credit. It’s essential to confirm which services are included in the fee and whether any third-party expenses (such as mutual fund fees) apply.

What Is the Net Worth of Fidelity? 

Founded in 1946 and headquartered in Boston, Massachusetts, Fidelity is one of the largest asset management firms in the world. As of December 2023, Fidelity manages approximately $4.5 trillion in assets under management (AUM) and oversees $11.8 trillion in total assets under administration (AUA). The company operates a broad spectrum of services including mutual fund management, brokerage solutions, retirement planning, life insurance, index funds, asset custody, crypto investing, and securities execution.

Fidelity’s client base is equally extensive, with operations supporting:

• 75 million+ total customer accounts
• 32 million+ individual investors
• 22,000+ employee benefits programs
• 13,500+ financial advisory firms

This level of reach and infrastructure demonstrates Fidelity’s position as a key player among private wealth management firms—particularly for those researching high-net-worth investment solutions.

How Much Should I Save for Retirement by Age Fidelity?

Everyone’s retirement journey is as unique as their fingerprint, shaped by personal goals, lifestyle choices, and unexpected life events. Still, many individuals find themselves asking the same foundational questions: “How much should I save for retirement?” or “How much money will I need to retire comfortably?”

While no one can predict exactly how life or the markets will unfold, understanding your current position and future needs can help you make more informed decisions.

To support this planning process, Fidelity conducted an in-depth analysis and introduced a general savings guideline based on age. While these benchmarks may not be achievable for everyone, they offer a useful reference point for those aiming to maintain their lifestyle into retirement.

Source: Fidelity

Fidelity’s retirement savings guideline is based on a few key assumptions:

• You begin saving 15% of your income annually at age 25
• Over time, you invest more than 50% of your savings in stocks
• You plan to retire at age 67
• You aim to preserve your pre-retirement lifestyle

According to this framework, reaching a savings goal of ten times your pre-retirement income by age 67—along with other retirement income sources—may provide sufficient financial security in retirement.

To help investors stay on track, Fidelity recommends the following milestones:

• Save at least 1x your income by age 30
• 2x by 35
• 3x by 40
• 4x by 45
• And so on, gradually increasing to 10x by age 67

Of course, personal savings goals will vary based on your intended retirement age, lifestyle expectations, and other factors. But these benchmarks can serve as a useful baseline when evaluating your long-term financial strategy.

Fidelity Services for High Net Worth: Conclusion

Well known for its mutual funds, Fidelity Wealth Management also offers a broad suite of services—including investment management, portfolio guidance, brokerage services, life insurance solutions, and retirement planning. But identifying the right wealth management firm for your specific needs requires more than a list of services. It involves thoughtful comparison, clear understanding of your financial goals, and the time to conduct in-depth research.

That’s where a structured, research-based directory like PillarWM Finder can make the process easier.

As an independent financial advisor directory, we help individuals and families with $5 million to $500 million in investable assets explore a range of options and compare approaches from various private wealth management firms. Our goal is to make the search for high-net-worth wealth planning solutions more transparent, informed, and aligned with your specific needs.

Whether you’re considering retirement income strategies, tax-efficient investing, estate planning, or business succession, understanding your options is key to making informed decisions.

Ready to explore next steps?