Fidelity operates an asset management business that includes Fidelity’s mutual funds. Some of Fidelity’s most well-known funds include the Magellan Fund and the Fidelity Contrafund, the largest non-indexed fund in the US. It also operates a brokerage arm that serves institutional firms, banks, trusts, family offices, and investment advisors. Fidelity has other investment management businesses as well as Fidelity wealth management – a fairly large wealth management practice.

Fidelity manages $3.3 T in Assets Under Management (AUM) and provides mutual funds for its clients’ benefits. Pillar Wealth Management’s investment record isn’t too shabby either. It has been serving clients with $5 million to $500 million in liquid investible assets for over three decades.

 

protecting-ultra-high-networth

Strategies For Families Worth $25 Million To $500 Million
The Art of Protecting Ultra-High Net Worth Portfolios and Estates

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.


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Fidelity is in the investment management business. If you happen to have $10 million or more in total investible assets and wish to learn more about portfolio management, then we encourage you to download this guide on choosing the best financial advisor.

Choosing which wealth manager to work with is a big decision. To make the evaluation process easier for you, we decided to write the following guide. We will talk about the various aspects of wealth management based on the Fidelity wealth services point of view.

Who is Fidelity Investments?

Fidelity Investments is founded by Edward Johnson II back in 1946. In 2015, Abigail Johnson succeeded her father, Edward Johnson III as a CEO. This firm main office is located in Boston, Massachusetts. Fidelity investments is a diversified financial company that has the objective to assist you in the full financial picture, and investing by several accounts of the portfolio for advisory fee 0 costs. Fidelity Wealth Management has over 200 offices spread out across the world.

You can choose to work with a large wealth management firm or you can consider working with a niche firm like Pillar Wealth Management that takes only 17 new clients a year. These are individuals who have $5 million to $500 million in total investible assets. Both approaches have their pros and cons. It really depends on what strategy fits best for your purpose.

Keep in mind that Federal Deposit Insurance Corporation does not insure investing in the market fund.

Fidelity Wealth Management

Fidelity Investments offers Financial Planning for you

Advice and Planning

From  retirement planning to complicated wealth managements, Fidelity advisor handle the arrangement of much suitable financial planning for you

Hutch Ashoo and Christopher Snyder are the expert founders of independent, fee-only, and fiduciary wealth management firm Pillar Wealth Management. If you would like to speak with them or simply ask any questions about how custom and trusted wealth management advice is offered to high-net-worth individuals with $5 million to $500 million in investible assets, then feel free to start a conversation.

Advanced Investing Tools

Fidelity uses advanced yet easy to use tool to acquire insight from the experts.

For you to be registered for Fidelity Personalized Planning & Advice program. In your account, you have to invest and maintain at least $25,000. This account will not be presented including asset allocation suggestions until the account balance has reached $10.

Pillar Wealth Management also offers all of the services mentioned above. However, the way it delivers these services revolves around personalization, customization, and financial serenity. Get in touch with Hutch Ashoo to learn more about the philosophy of financial serenity.

Fidelity Advisory Options:

Fidelity provides wealth management services based on your unique needs, so you can achieve your financial dreams. Fidelity provides several options for you:

  • Fidelity Go®

Investments strategy for your digital investment by Robo advisor and information provided is general.

  • Fidelity® Personalized Planning & Advice

Not only access to digital investment planning but also interactive investment planning discussion with advisors.

  • Wealth Management

Personalized investment management and planning advice from Fidelity advisors.

  • Private Wealth Management

For this service, you are not only assisted by your own advisor but also a team to help you in planning and managing your investment.

Fidelity Outlooks on Wealth Management:

Debt Management

Fidelity provides services where you can pay your debt but also save your money at the same time. Fidelity, assist you to control your credit card usage so you can manage your expense more.

Saving

One of the experts, Jean Chatzky, provides the best tips for saving money so you can face your financial issues. In addition, by opening Fidelity’s IRA, you can have tax-advantaged for your future.

Budgeting

Consider spending less to prepare emergency expenses in the future such as medical costs. We offer the best service so you can keep on track of your money flow.

In a detailed description, Fidelity Wealth Management firm is a wealth manager and investment firm that commercially serving discretionary investment management and non-discretionary financial planning through Portfolio Advisory Services with charging fee upon its service. The concern of Fidelity specialties is financial advisory services, discretionary portfolio management, brokerage, provide legal or tax, and custodial services. Each service managed by Fidelities Investment companies that has expertise in each service. They are SIPC (Securities Investor Protection Corporation), FPWA, FPTC (Fidelity Personal Trust Company), FBS, NFS (National Financial Services LLC), and also Strategic Advisers. Let’s get familiar with those companies.

You can read about what a wealth manager does and what areas are covered in this specially compiled guide on choosing the best financial advisor for individuals with $5 million to $500 million in liquid assets.

Pillar Wealth Management also offers all of the services mentioned above. However, the way it delivers these services revolves around personalization, customization, and financial serenity. Get in touch with Hutch Ashoo to learn more about the philosophy of financial serenity.

Fidelity Wealth Services

Fidelity Investments offered many wealth management services. All of these services are categorized as a dedicated advisor, financial and investment planning, personalized investment management, and tax-smart investing techniques implementation.

Dedicated Fidelity Advisor

A dedicated advisor from the Management provides the advisors that make sure you get the correct advisory and direction to define your objective, gain a crystal clear understanding of the options available, and also actively assist you in implementing and developing your plans in financial.

Financial and Investment Planning

Financial and Fidelity investments planning provided by Fidelity Wealth Management covers applicable fees financial planning recommendations presented including asset

Personalized Investment Management

The Fidelity investment management and advisor can help you to find an investment strategy according to your consideration and understanding of the involves risk the value.

Tax-smart Investing Techniques Implementation

Fidelity Wealth Management applying six tax-smart investing techniques in managing your portfolio at separate times in a year. The procedures implemented for your tax-smart investing techniques including tax-loss harvesting, capital gains management, distributions, municipal bonds Fidelity investments, transition management, and tax-smart withdrawals.

More than the mentioned services above, Fidelity also designed to help you handle the comprehended services in financial planning and wealth advice (basic financial planning, digital investment planning, retirement planning, life-event planning, and real- estate planning), and investment service (mutual funds, IRAs, Trading, Fixed Income, Bonds & CDs, Cash Management & Credit Cards, Charitable Giving, ETFs, Life Insurance & Long Term Care, managing certain taxable accounts.

SIPC (Securities Investor Protection Corporation)

Securities Investor Protection Corporation (SIPC) is a group or nonprofit organization in precise that providing protection services in stocks, bonds, and several securities whenever a brokerage firm bankrupt and losing assets.

Securities Investor Protection Corporation (SIPC) is able to cover $500,000 in maximum securities. That includes limiting of $250,000 in cash money in the brokerage account. Need to be reminded that the coverage from Securities Investor Protection Corporation (SIPC) is only and always limited on securities held for brokerage.

Fidelity Personal and Workplace Advisors LLC (FPWA)

Fidelity Personal and FPWA is a company that manages the services offered by Fidelity such as Fidelity personalized planning, Fidelity advice, Fidelity strategic disciplines, and Fidelity Go.

FPTC (Fidelity Personal Trust Company)

Personal Trust is a federal saving bank and one of the parts of value proposition planning from our firm. A lot of potential customers and members get attracted to the company due to its capability and expertise in maintaining assets for multiple generations.

FPTC (Fidelity Personal Trust Company) federally or legally chartered trust company with its office located in New Hampshire. It has a lot of advantages that the client can get. In includes:

  • Decision making for the income accumulation for the advantage of non-resident beneficiaries
  • No specific rules or no rules at all in perpetuities
  • .The law in New Hampshire allowing the investment companies and investment professionals to work on or serves the trustee, guaranteed by the federal.

Fidelity Brokerage Services LLC (FBS)

FBS (Fidelity Brokerage Services LLC) is a provider of brokerage service at Fidelity. In the practice, and investing activities are always risky. The value of your investment itself fluctuates over time, plus the dynamic market took a part in the process so the chance of you may gain or lose your money.

In FBS (Fidelity Brokerage Services LLC), a managed account of Fidelity brokerage is absolutely required for the research report upon the fidelity wealth services. Whenever you want to use the brokerage service, you have to create the Fidelity brokerage.

NFS (National Financial Services LLC)

NFS (National Financial Services LLC) is the provider of brokerage service above the FBS. The services offered by this Fidelity Personal Trust Company, FSB, (FPTC) are tax reporting, financial planning, credit management, advisory, clearing and custody, and so on. The service from NFS only limited to the United States of America only (source: fidelity com home copyright).

Fidelity Charitable Giving

Fidelity is not only focused on helping the clients but also help those in need. We have a special program called Fidelity Charitable Giving where you can give mutual funds, stocks, and others. Your donations will potentially tax-free because it is invested and give better support for the charities. If you have a complex charity’s purpose or assets such as sold assets contributed may join the Private Donor Group. If you are interested in joining this program, this is a smart way of giving back to others, doing investment and charity at the same time, and no need to worry about how it works because they provide Fidelity Learning Center for you.

Fidelity Wealth Management

Our professional advisors will help you to set your goals, identifying your options, and work actively to help you to develop and apply your plan. Besides, our professional team will also assist you to arrange a personalized financial plan to grow your wealth, achieve your goals, and protect your loved ones. The last is, this firm can arrange investment plans and monitor them for you based on your preferences and risk management.

Wealth Management

By using this service, our professional team can help you to manage your investment and financial planning. Our advisor will help you to arrange planning and investment schemes, covers new investment opportunities, and also using our advanced tools. You can also arrange the future and back up plan for your loved ones such as kids, spouse, or parents to protect them in case of emergency issues. Besides, the advisors help you to set your goals, managing your assets, tax management, and other financial goals that you want to achieve.

Just like wealth management firms screen clients, so should you. Always try and speak to the wealth manager one-on-one before deciding who to work with. If you wish to know more about how to evaluate a wealth management firm, then we recommend you read this book called The Ultimate Guide to Choosing the Best Financial Advisor: For Investors With $5 Million to $500 Million in Liquid Assets.

Hutch Ashoo and Christopher Snyder are the expert founders of independent, fee-only, and fiduciary wealth management firm Pillar Wealth Management. If you would like to speak with them or simply ask any questions about how custom and trusted wealth management advice is offered to high-net-worth individuals with $5 million to $500 million in investible assets, then feel free to start a conversation.

Minimum Investment

$250,000 (managed through Fidelity Wealth Service)

Annual Investment Gross Advisory Fee

0,50% to 1,50% a year

Private Wealth Management

This service is focused on managing your wealth privately you will have your own team lead by your own advisor to assist you to manage your assets. In arranging your investment plan, our team will review your portfolio, goals, and preferences first before deciding the right plan for you along with risk management. If you want to arrange your financial plan, our professional team with your chosen advisor will review your financial strategy along with the family’s plan. This includes health insurance or tuition fee. Moreover, the clients can also plan their offspring’s plan and maintain the legacy for your family in the future such as maintaining your real estate assets, wealth management, and others.

Start a conversation with Pillar Wealth Management to discuss any ideas you have about portfolio management.

Minimum Investment

$2 million managed through Fidelity Services or Fidelity Strategic Disciplines)

Gross Advisory Fee

0.20% –1.04%

General Eligibility

$10 million or more depends on total investable assets

Fidelity Investments advisory fee is not going to cover charges from trades that effected by brokers or dealers other than Fidelity Investment affiliates, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund, and wire transfer fees, or any other charges imposed by law or otherwise applicable to your account.

What Types of Client Does Fidelity Accept?

Fidelity Wealth Management has two offerings. One is known simply as “Wealth Management” and requires a minimum investment of $250,000.The other is known as “Private Wealth Management” and requires a minimum investment of $2 million. The Private Wealth Management option is for high net worth and ultra-high net worth individuals.

Once you start researching wealth management firms, you will realize that most of them have a minimum account size that they work with. Even Fidelity Wealth Management has this threshold. Besides, an individual firm may have additional criteria to screen clients further. Pillar Wealth Management works with clients from all professional and demographic backgrounds, industries, and age groups. The only criterion that the firm has is the liquid-asset size, which should be between $5 million to $500 million.

Pillar Wealth Management has worked with many wealth management clients like successful medical professionals, millennials, entrepreneurs, engineers and technology professionals, women, senior citizens, and all kinds of high net worth and ultra-high net worth individuals. The experience of working with such a diverse set of individuals and families has allowed the firm to build its expertise and have a ready template for figuring out any wealth management issue that you may be facing. Go ahead and schedule a free consultation with Hutch Ashoo or Chris Snyder. You never know what you might gain from the conversation. There is nothing to lose.

Just like wealth management firms screen clients, so should you. Always try and speak to the wealth manager one-on-one before deciding who to work with. If you wish to know more about how to evaluate a wealth management firm, then we recommend you read this book called The Ultimate Guide to Choosing the Best Financial Advisor: For Investors With $5 Million to $500 Million in Liquid Assets.

Is Wealth Management Firm should be Fiduciary?

To answer this question, Wealth Management can manage a fiduciary relationship with its client depending on the required services and the risk including possible loss upon the service’s objective.

It means that the firm assesses the requirement and the risk tolerance of your objective under their service. If they decide you need a financial advisor and you agree with this, they might apply a fiduciary procedure in order to follow the standards of federal and state securities laws application in legal matters. As the capital wealth management company in America, Pillar Wealth Management is a fiduciary wealth management firm

Pillar Wealth Management also applies fiduciary for particular services such as brokerage service. When the company becomes the broker for your investment, they always initiate the measured action based on the legal standards under applicable federal and state security laws, and FINRA.

If you are seeking assistance in wealth management, you can contact us today to set up an appointment. Keep in mind that we provide advisory services so you can achieve your financial dreams.

Hutch Ashoo and Christopher Snyder are the expert founders of independent, fee-only, and fiduciary Pillar Wealth Management firm. If you would like to speak with them or simply ask any questions about how custom and trusted wealth management advice is offered to high net worth individuals with $5 million to $500 million in investible assets, then feel free to start a conversation.

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