* Note: I’m not sponsored by Fidelity Investments or anyone other enterprise. I’m an independent fund manager, teacher and author. This review is based on my own experience as an investment advisor managing portfolios at Fidelity.
For passive (i.e. buy-and-hold) investors running the WealthMaxBuilder strategy, for example, you can’t beat Fidelity. The customer service is first rate, the portfolio analytics and reporting is excellent, and the trade executions are fast with limited slippage.
Tax reporting is excellent – whether you get the hardcopy reports in the mail or access them online.
In terms of personal online access to the Fidelity web site, Fidelity has a 2-level security procedure – which is reassuring. Most brokerage firms (and even commercial banks) have such security measures in place these days.
I’m especially keen on the auto-rebalancing program for seniors – as discussed in the chapter on implementing the WealthMaxBuilder program – where monthly redemptions and liquidation is a breeze.
The only negatives for me apply only to active more active (i.e. tactical) trading models. The basic trading platform is a little clunky for the average investor (there is a faster trading model for active traders that I hear is excellent but I haven’t tried it yet since I do all my active trading at Interactive Brokers). The other negative for active traders is slightly higher trade commission and margin rates.
For passive investors, however, Fidelity is ideal. I highly recommend this brokerage firm for long-term investors.
For more reviews, please check out the Essentials of Investing eBook.
Sign up to the WealthMaxBuilder.com email list today to get access to more FREE video tutorials and tips on investing. Click here to sign up.
Recent Comments