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Fidelity Review: A Comprehensive Look at Their Investment Services

  • Tools
  • Assets & Markets
  • Fees
  • Account Types
  • Security
  • Customer Support
  • Additional Resources
4.4/5Overall Score

Quick Summary

Fidelity Investments enshrines a commitment to rigorous security, underpinning its operations with stringent digital defenses. Its protocols encompass robust authentication, encrypted communications, and vigilant real-time alerts, fortifying client assets and data against breaches. Recognized as 2022's most trusted wealth management company, Fidelity's security measures are both proactive and reactive, offering a haven of safety in the dynamic financial landscape.

Specs
  • Ideal for both beginners and experienced traders.: Fidelity offers a wide range of tools and resources that cater to both people, who are just starting with investing, as well as seasoned investors
Pros
  • Comprehensive research tools and resources
  • $0 commission for many trades
  • A long-standing reputation with a focus on customer service
Cons
  • More advanced platform features can have a learning curve for beginners
  • Limited international trading capabilities compared to some competitors
  • No demo account for practice

Investment Options

Fidelity offers a diverse array of investment products to suit various needs and goals:

  • Stocks and Shares ISA
  • Personal Pension (SIPP)
  • Junior ISA
  • Junior SIPP
  • General Investment Account

Whether you’re a seasoned investor or just starting out, Fidelity has something for everyone. You can begin investing with as little as £25, making it accessible to investors of all levels.

Platform Features

User-Friendly Interface

Fidelity’s platform is designed with the user in mind. Many customers praise its ease of use and clear navigation. The website is constantly updated to improve customer experience and display information in a simple, easy-to-understand format.

Research Tools

For those who need guidance, Fidelity offers a ‘Navigator’ tool to help investors choose suitable ready-made fund solutions. This tool considers your investment goals, risk tolerance, and management preferences.

Comprehensive Reporting

Fidelity provides a range of online reports and dedicated client reports, giving you easy access to comprehensive information on your accounts and investments.

Fees and Charges

Fidelity’s fee structure is competitive, especially for smaller portfolios:

  • Service fees range from 0.20% to 0.35%
  • No fees for investments over £1 million
  • No service fee for Junior ISA or Junior SIPP

Customer Support

Fidelity’s customer service receives high praise from many users. Customers often mention the helpfulness and professionalism of the support staff.

Fidelity for Advisers

Fidelity also offers services for financial advisers through its Fidelity Adviser Solutions platform. This includes model portfolio services and tools for discretionary fund managers.

The Fidelity Experience

Customers consistently report positive experiences with Fidelity:

  • Quick and easy account opening process
  • Helpful customer service
  • Informative resources and research tools
  • Good fund performance and timely reviews

Rating: 8.5/10

After careful consideration of Fidelity’s services, fees, and customer reviews, I would rate Fidelity 8.5 out of 10. Here’s why:

  1. Wide range of investment options
  2. User-friendly platform with helpful tools
  3. Competitive fees, especially for smaller portfolios
  4. Excellent customer service
  5. Comprehensive reporting and research resources

The half-point deduction is due to the potential for lower-cost alternatives in some cases, particularly for managed fund solutions when compared to some robo-advisers.

Ready to Secure Your Financial Future?

If you’re impressed by what Fidelity has to offer, why not take the next step? By signing up through our affiliate link, you can start your investment journey with Fidelity today. Plus, Fidelity will cover exit fees up to £500 per person when you transfer your investments (terms and conditions apply).

Click here to open your Fidelity account and start investing for your future!

Remember, investing carries risks, and it’s important to carefully consider your financial situation and goals before making any investment decisions. Happy investing!