Upsides and Downsides of Using Fidelity Investments

Digital solutions and experienced financial advisors can be an ultimate way to your success in all financial goals. The world has a multifold of big and small corporations offering financial services to those investors who want to smartly manage their investments and make fortune. This article is going to review Fidelity Investments which has taken the global investors by storm since its beginning. From mutual funds to CFDs to Options to Futures and retirement needs, this corporation has a vast arena with amazing tools to help you meet your monetary goals.

Fidelity Investments is an America based multinational financial services corporation that aims at providing the state-of-the-art investing tools and expert advice to investors around the globe. FMR LLC is the official owner of this monetary service company which also offers various investing accounts suiting to your investing needs. Also, Fidelity Investments has some of the high-performing funds such as Fidelity 500 Index Fund, Fidelity Puritan Fund and Fidelity Low-Priced Stock Fund though they may not be diversified.

When it comes to tools and advisory offerings, Fidelity Investments makes sure to provide you with what best fit your needs. These include:

• Fidelity Go: This is a robo advisor to help you with money management whether you want to peruse a single monetary goal or need an investment strategy advice that is capable of aligning to your goal. Also, Fidelity team makes sure your investment strategy is on the right track.
• Fidelity Personalized Planning and Advice: This refers to the Assistance with digital investing, hybrid robo as well as professional coaching for a number of different financial topics. This also helps you recognize your best possible action for your next investment. Likewise, you get an easy access to private wealth management from a dedicated advisor or an advisor-led team.

Advantages of Working with Fidelity Investments

As a general phenomenon, any financial corporation is rated based on several factors. These include savings, checking, bank experience, deposit or credit certificates, relevant fees, and so on. Fidelity Investments has the innovation, excellent ATM and branch access, great account features, user-facing technology, competitive rates and fees which altogether make the corporation a worthwhile option for the new and experienced investors around the globe. Below are some of important reasons why you should use Fidelity Investments to embark on your investment venture.

1. Financial Advice

Whether it’s your complex wealth management or your retirement requirements, Fidelity Investments aims to provide you with excellent financial advisory services so you can easily plan and deal with your complex monetary matters. The corporation enables you to collaborate with its dedicated advisors who will be dedicated to work with you only. This way you avail the benefits of having a clear communication, effective and proven recommendations. The best part is that whatever is conveyed to you in terms of advice, investing guides as well as experts’ recommendation, is particularly designed to help you grow financially and effectively handle ins and outs of your wealth management.

2. Minimum Requirement to Open an Investment Account

Generally, opening an investment account with Fidelity Investments does not oblige you for a minimum amount deposit. But, there is a requisite of minimum of $2500 if you intend to invest in mutual funds. You can however avoid this initial deposit by setting up an automatic investment with minimum $200 per month.

3. No Hidden Charges

This aspect is certainly one of the best parts when you choose Fidelity Investments for your monetary matters. First, there is no fee to open an account to invest with the company. Second, you are not bound to a deposit a minimum amount for opening the account. Also, Fidelity Investments does not charge you anything in the situation where you have continuous negative balance or overdraft. Lastly, Fidelity Investments has very competitive prices for whatever investment option you choose with them. This not only encourages you to move ahead with the company but also lets your money go further and further.

4. Great ATM Access & Fee Reimbursements

With an easy access and multifold advantages, there is perhaps not a better option than Fidelity Investments to get excellent ATM coverage. The corporation provides you with a Cash Management account so you can manage your spending money. Likewise, if you are willing to avail benefits of free overdraft protection, Fidelity Investments has a Fidelity investment account for your convenient. In addition, they come with the option of reimbursing ATM fees that is charged by any other financial institute around the country. However, if you make any transaction using your ATM outside of the country, there will be 1% fee charged in terms of foreign transaction fee.

5. Robust Investing Tools

This is where the Fidelity Investments has marked its unique individuality and reputation around the world. Using their services, you not only get professional insights from Fidelity’s team of financial experts and specialists but also benefit your investments through an easy access to their unmatchable robust investing tools. Additionally, there you will come across Fidelity’s low-cost robo advisory solutions, such as digital investing and hybrid robo service along with an easy access to their advisors whenever you need them.

Drawbacks of Fidelity Investments

While a large number of investors are pleased with what Fidelity Investments does for them, there are some downsides of the corporation too that discourage new investors to use its investment accounts. For example, Fidelity Investments seems to be fallen by their branch support. Having a significantly large banking setup and only 190 financial offices across the USA is without a doubt a big downside of the corporation which must be sorted out by the management on immediate basis.

For some investors, on the other hand, using a separate Fidelity brokerage account in order to fund for overdraft transfers is a downside of Fidelity Investments. Nevertheless, it is worth mentioning that the company also allows borrowing money from a Fidelity margin account so you can complete the process of overdraft transfers without having to ensure immediate availability of funds in your investment account.