Fidelity Investments may be a family operation, but the Boston-based fund management firm is glad to bring everyone in. One of the largest asset managers in the world, Fidelity features over 400 mutual funds, including well-known funds such as the Fidelity Contrafund, Fidelity Equity Income Fund as well as Fidelity Magellan, once managed by well-known manager Peter Lynch. Run by Boston's Johnson family since its founding in 1946, Fidelity also administers employee benefits programs and manages nearly $1.5 trillion.
1 Review The Fidelity Investment Rewards Card lets you redeem your points as cash into your Fidelity account, or use them for travel and merchandise offered by its WorldPoints rewards program. The Fidelity 529…
2 Reviews As of early May, Fidelity was offering nearly 100 different types of new-issue CDs: fixed-income securities that you can purchase directly from the issuer, usually at face value, through Fidelity. The…
14 Reviews Fidelity offers a Self-Employed 401k that has no set up fee or annual account fee. You can make tax-deductible 401k salary deferrals to the plan of up to $15,500 (for 2008). Fidelity also manages several…
9 Reviews A Fidelity brokerage account offers low commissions to trade stocks, bonds, mutual funds, and options. They also provide independent research, a variety of tools and 24 hour customer service.
I'm a long-term Fidelity brokerage customer; generally their customer service has been good and their fees, while not the lowest, are at least competitive most of the time.
Fidelity has really great research tools. Beyond that, they offer nothing impressive that stacks up well against the recommended online brokers. Commissions and fees can also be excessive for those that do not qualify for discounts.
I have used Fidelity for all of my investment accounts over the past eight years. They offer a great variety of investments and terrific research. My only complaint is that there are some issues downloading transactions into Microsoft Money.
My Fidelity experience has always been positive. There are so many funds to choose from and the fund managers they attract are high quality. My suggestion is when choosing a fund, make sure you check the actual cost to you over time as you hold a fund.
I had a really positive experience rolling over an old Fidelity 401k to a Fidelity Rollover IRA. Customer service was really knowledgeable; the rep let me know that one of my 401k funds offered institutional (lower) pricing, which wouldn't be available to me in an IRA.
I have been a Fidelity customer since 2000. I started my account when my first employer offered our 401K through it.
Fidelity offers incredible customer service. There was one incident where a stock I owned spun off a portion of their operations. As a current holder, I received additional shares in this new company. I was oblivious to this and when I called Fidelity they explained everything to me. They even told me how my shares were calculated and sent me a related article on the business spin-off. I was impressed.
I do agree with others that their tax forms are difficult to read. But that is a slight dent in their shiny armor!
They seem to do a good job managing my 401k, but I am not happy with their reporting(statement) tool. It calculates YTD change, or change over a specific period of time, but it does tell me performance over the course of an investment. For example, it does not show me what my initial investment is compared to the value of my investment today, and that I think is a pretty basic metric to offer
They have done a decent job managing all the 401(k)s I've ever used. Good customer service. Sometimes the fund selection can be thin.
