Fidelity Family Office Services | Fidelity Institutional (2024)

FAQs

What is the downside to Fidelity? ›

Fidelity has average trading and low non-trading fees, including commission-free US stock trading. On the negative side, margin rates and fees for some mutual funds can be high. We compared Fidelity's fees with two similar brokers we selected, E*TRADE and TD Ameritrade.

Schwab and Fidelity offer similar customer experiences. As a result, most types of investors can find benefits to working with either. The choice between the two may prove a matter of preferred trading instruments: Schwab is better equipped for futures, and only Fidelity offers direct crypto trading.

Clearing & Custody Solutions

Technology, brokerage services, trading capabilities, and collaborations that help banks, broker-dealers, Registered Investment Advisors, family offices, and wealthy families achieve their goals.

Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management, and, as of December 2023, $12.6 trillion in assets under administration.

Fidelity's actions violated state securities laws and the Securities and Exchange Commission's Regulation Best Interest, which requires brokers to place client interests ahead of their own, Maeker alleges.

The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt and assets are missing. SIPC protects each client up to $500,000, including up to $250,000 protection for cash awaiting investment.

There is no advisory fee for accounts with less than $25,000. Investments of $25,000 or more are charged 0.35% per year, but that level gets you unlimited one-on-one financial coaching sessions.

2024 America's Richest Families Net Worth

The Boston-based Johnson family owns 49% of mutual fund company Fidelity. The other 51% is owned by employees. Abigail Johnson is the third generation of the family to run the company. She took over from her father Edward "Ned" Johnson III in 2014.

An institutional broker is a person or company that helps big organizations like banks, pension funds, and insurance companies buy and sell stocks and other investments. They act as a middleman between the buyer and seller and get paid for their services.

Withdraw too little and you may not live the life you want to in retirement. Our guideline is to limit withdrawals to 4% to 5% of your initial retirement savings,⁴ then keep increasing this withdrawal based on inflation. Read Viewpoints on Fidelity.com: How can I make my savings last?

What is the 55 rule for Fidelity? ›

Traditional workplace savings plans and IRAs.

If you no longer work for the company that provided the 401(k) plan and you left that employer at age 55 or later—but still maintain a 401(k) account—the 55 Rule is an IRS provision that allows you to take early withdrawals beginning at age 55 without a penalty.

At Fidelity, we offer multi-family offices, single-family offices, and wealthy families access to the full breadth of our institutional solutions and industry experts.

Several types of safeguards exist to protect your account and assets. All Fidelity brokerage accounts are automatically protected by the SIPC.

Is Fidelity a safe company to invest with? Yes, Fidelity is one of the safest brokerages to invest with. It's an industry leader with a stellar reputation and fully regulated in the U.S. with the SEC and FINRA, is trusted by over 43 million people and holds over $11.5 trillion in assets under administration.

The assets of each Fidelity fund are held by its custodian separate from any other assets belonging to Fidelity or any other fund. Neither Fidelity nor its creditors may access the funds' assets to satisfy financial obligations of Fidelity.