Managing wealth today is more complex than ever. But, Fidelity Private Wealth Management makes it easier for high-net-worth individuals and families. They need at least $2 million to invest and $10 million in assets to join. This gives them access to services that help protect and grow their wealth.
Key Takeaways
- Fidelity Private Wealth Management helps high-net-worth individuals and families with at least $2 million to invest and $10 million in assets.
- They offer customized portfolio management, exclusive investments, and financial planning. They also provide tax-smart investing strategies.
- Clients get a dedicated personal advisor for personalized guidance and support.
- Fidelity uses risk management strategies to protect clients’ wealth and handle market changes.
- Fidelity is ranked as the #1 Most Trusted Wealth Management Company. This shows their commitment to transparency and financial services excellence.
What is Fidelity Private Wealth Management?
Fidelity’s Private Wealth Management service is for high-net-worth individuals and families. It offers personalized financial advice and solutions. Clients get custom portfolio management, exclusive investment chances, and overall financial planning.
Tailored Financial Solutions
Fidelity’s team of experts works with clients to understand their specific needs and goals. They create custom investment portfolios. They also offer personalized financial solutions to meet each client’s unique goals.
- Dedicated Senior Relationship Managers are the main contact for clients
- They offer many services like money management, account opening, tax planning, and more
- They help with family engagement and education for the next generation
Fidelity’s Private Wealth Management uses the firm’s big resources and special knowledge. It helps high-net-worth individuals and families manage their wealth. They achieve their long-term financial goals with the right guidance and tools.
“Fidelity Private Wealth Management offers a personalized approach to financial planning, helping clients navigate complex financial decisions with confidence.”
Personalized Portfolio Management
At Fidelity Private Wealth Management, our team creates custom portfolios for each client. We look at their tax situation, how quickly they need money, and what they want to achieve. This way, we make sure your portfolio works best for you.
We use the knowledge of Strategic Advisers LLC, a Fidelity partner, to manage over $750 billion in assets. Our team of over 160 experts keeps an eye on the market. They use smart tax strategies to boost your after-tax earnings.
| Account Type | Stock Allocation | Bond Allocation |
|---|---|---|
| Taxable Account | 65% | 35% |
| Traditional IRA/Rollover IRA | 55% | 45% |
| Roth IRA | 75% | 25% |
Our portfolio management includes tax-smart methods like asset placement and tax-loss harvesting. We use these to improve your after-tax earnings. We also focus on managing capital gains and rebalancing your portfolio to match your investment objectives.
“Fidelity’s experienced portfolio managers work closely with clients to construct custom portfolios based on their personal tax situation, liquidity needs, and investment objectives.”
Looking for a Fidelity-focused, index-focused, or blended strategy? Our team will work with you to create a custom portfolio that fits your financial goals and how much risk you can take. We offer a variety of assets, including domestic and international stocks, bonds, and short-term investments. We’re here to help you succeed in the long run.
Access to Exclusive Investments
Fidelity Private Wealth Management offers clients a wide range of investment options. These include emerging markets, commodities, and alternative assets like private equity and hedge funds. This access can help make client portfolios more diverse and potentially increase returns.
Investments in private equity and hedge funds aim to boost long-term growth and income. These options are usually for qualified investors who meet certain wealth or investment criteria.
- Qualified Purchasers must have a minimum of $5,000,000 in investments.
- Accredited Investors must have $1,000,000 or more in net worth.
- Private market alternative investments are offered to a limited number of qualified investors.
While these investments may offer higher returns, they also come with more risks and complexities. Clients should think about the liquidity, fees, and other special features before investing.
“Fidelity’s Private Wealth Management service provides clients with access to a wide range of exclusive investment opportunities that may help enhance portfolio diversification and long-term growth potential.”
With Fidelity’s vast resources and knowledge, Private Wealth Management clients can explore a variety of alternative investments. This includes private equity, private credit, and real assets not available to the general public. This exclusive access can be a key part of a well-rounded portfolio.
Comprehensive Financial Planning
Fidelity’s Private Wealth Management service offers financial planning to help clients reach their long-term wealth management goals. They create custom plans for asset allocation, retirement, estate planning, and investment advisory services.
Financial planners at Fidelity work with clients to understand their needs, goals, and how much risk they can take. They make a plan just for them. This plan covers:
- Asset allocation and portfolio construction
- Retirement income planning and withdrawal strategies
- Tax-efficient investing techniques
- Estate and legacy planning
- Philanthropic giving and charitable strategies
Fidelity uses deep research and resources to guide clients. This helps them manage their wealth and reach their financial goals.
“Fidelity’s financial planning services have been instrumental in helping us organize our finances and plan for the future. The team’s attention to detail and personalized approach have been invaluable.”
Whether it’s for retirement, growing assets, or leaving a legacy, Fidelity’s financial planning helps clients make smart choices. They gain clarity and confidence for their financial decisions.
Tax-Smart Investing Strategies
At Fidelity Private Wealth Management, we know how key it is to make your investments tax-efficient. Our skilled portfolio managers use tax-loss harvesting and other strategies to lower your taxes. This can boost your after-tax returns.
Tax-loss harvesting means selling investments that have lost value to cut your taxes. These losses can offset your gains, reducing your tax management costs. We aim to make your investments more tax-efficient and grow your wealth over time.
Our special way of calculating returns shows the worth of these strategies. In tough markets, our tax-smart approach has helped many clients save a lot on taxes. The amount you save depends on market conditions, your investments, and your tax rate.
| Metric | Value |
|---|---|
| Average Account Balance | $709,108 |
| Return Calculation Method | Time-Weighted |
| Tax Liability Reduction Effectiveness | Limited, Based on Asset Transactions |
Tax laws and rules are complex and can change, affecting your investments. We suggest our clients talk to tax experts for advice tailored to their financial needs.
“Money not paid in taxes can stay invested, potentially leading to extra growth and compounding.”
fidelity private wealth management
Fidelity Private Wealth Management is a top service from Fidelity Investments. It helps high-net-worth individuals and families grow and protect their wealth. This service offers personalized advice and solutions.
Fidelity Investments has over 78 years of experience in wealth management. They have a team of skilled portfolio managers and financial advisors. These experts work with clients to understand their financial goals and needs.
This service is known for its wide range of educational resources. Clients get access to news, events, and strategies from top experts. They also enjoy free financial education through webinars and events.
Moreover, Fidelity provides insights on markets, investing, and personal finance for all investment levels. Clients learn about cryptocurrency through monthly resources. This keeps them updated on the digital asset market.
It also offers advanced investment insights, strategies, and tools. Clients can access Fidelity Viewpoints® for news and insights from experts. This helps them make better investment decisions.
The “Women Talk Money” initiative gives women tailored financial advice. It ensures all clients, men and women, get the support they need for their financial goals.
Fidelity Private Wealth Management focuses on personalized service, risk management, and tax-smart investing. It’s a trusted partner for those looking to grow and protect their wealth.
| Fidelity Investments Key Facts | Data |
|---|---|
| Revenue (2023) | $28.2 billion |
| Assets Under Management (AUM, 2023) | $4.9 trillion |
| Number of Employees (2023) | 74,000 |
| Number of Locations in the U.S. | Over 140 |
| Largest Equity Mutual Fund (Fidelity Contrafund, 2023) | $107.4 billion in assets |
| Largest Equity Fund (Fidelity Magellan, 2023) | $15.5 billion in assets |
| Zero-Expense-Ratio Mutual Funds (2023) | Over $1 billion in assets |
| Brokerage Accounts (2023) | Over 45 million |
| Assets Under Administration (AUA, 2023) | Nearly $12 trillion |
| Largest 401(k) Retirement Plan Services Provider (PWIS, 2023) | $1.4 trillion under administration |
| Fidelity Charitable Donor-Advised Fund (DAF, established 1991) | N/A |
| Fidelity International’s Eight Roads Investment Professionals | 100+ |
Dedicated Personal Advisor
At Fidelity Private Wealth Management, each client gets a dedicated personal advisor. This advisor is their main contact. They work closely with the client for personalized advice, guidance, and support. This ensures a focused approach to managing wealth.
The advisor gets to know the client’s financial goals, how much risk they can take, and what investments they like. With Fidelity’s deep knowledge and tools, the advisor creates plans to meet the client’s financial goals.
Personalized Wealth Planning
Clients count on their advisor for full financial advice, including:
- Creating investment portfolios just for them
- Using tax-smart strategies for wealth management
- Helping with estate and legacy planning
- Supporting charitable giving
- Handling any other financial needs the client might have
The advisor acts as a trusted partner. They make sure the client’s wealth management is smooth, efficient, and fits their personal likes.
“My Fidelity personal advisor has been key in helping me make tough financial choices. Their knowledge and focus on the client have been key in reaching my long-term goals.”
Fidelity Private Wealth Management offers personalized guidance. This ensures clients get the financial guidance and wealth management support they need to move forward with confidence.
Risk Management
At Fidelity Private Wealth Management, we focus on protecting our clients’ wealth. We use strategies to handle market ups and downs. Our team uses various methods to keep an eye on and manage risks in our clients’ portfolios.
Comprehensive Risk Assessment
We start by looking closely at each client’s risk tolerance, financial situation, and goals. This helps us create a risk management plan just for them. We check on portfolio risk, market changes, and loss potential to get our clients ready for different market conditions.
Diversification and Asset Allocation
Diversification is key in our risk management plan. We spread our clients’ investments across different types of assets, industries, and places. This helps lessen the effect of market changes. Our team also uses smart asset allocation to find the right balance between risk and return.
| Risk Management Strategies | Potential Benefits |
|---|---|
| Diversification | Reduces overall portfolio risk by spreading investments across different asset classes and sectors |
| Asset Allocation | Helps balance risk and potential return based on the client’s unique financial circumstances and goals |
| Hedging Techniques | Employs strategies like options and futures to mitigate the impact of market volatility |
| Dynamic Rebalancing | Maintains the target asset allocation over time, ensuring the portfolio remains aligned with the client’s risk tolerance |
We use these effective risk management strategies to help our clients deal with market changes. This way, we protect their wealth.
“The true measure of a successful risk management strategy is not just the avoidance of losses, but the ability to capitalize on opportunities and achieve long-term financial goals.”
Estate and Legacy Planning
Fidelity Private Wealth Management offers top-notch estate planning and legacy planning services. They help clients keep and pass on their wealth to future generations. This includes protecting assets, wealth transfer, and giving to charity to keep a client’s financial legacy safe.
Estate planning is key to managing your finances well. It means making plans for how your assets will be given out, cutting down on taxes, and making sure your wishes are followed after you’re gone. Fidelity’s experts work with clients to create plans that fit their specific needs and goals.
Key Components of Estate Planning
- Power of Attorney: Choosing someone to make financial or medical decisions if you can’t.
- Living Will: Setting out your wishes for medical care and treatments at the end of life.
- Last Will and Testament: Deciding who gets your assets and who takes care of your kids if they’re minors.
- Trusts: These offer protection for your assets, lower taxes, and control over how your assets are given out.
Fidelity also looks at wealth preservation, legacy planning, and giving to charity. This ensures your financial legacy lasts a long time.
| Estate Planning Strategy | Key Benefits |
|---|---|
| Grantor Retained Annuity Trust (GRAT) | Reduces estate or gift tax liability |
| Irrevocable Life Insurance Trust (ILIT) | Transfers wealth with less estate or gift tax |
| Special Needs Trust | Keeps assets safe without losing public assistance |
| Charitable Remainder Trust (CRT) or Charitable Lead Trust (CLT) | Lowers capital gains tax, gets income tax deductions, and reduces estate taxes |
Fidelity’s experts in estate and legacy planning team up with clients to craft strategies that meet their specific needs and goals. This ensures the long-term preservation and passing on of their wealth.
Philanthropic Services
At Fidelity Private Wealth Management, we know how big of an impact philanthropy can have. We help clients reach their charitable goals and make a lasting change. Our team of experts works with you to create strategies for giving, investing, and setting up foundations or funds.
Unlocking the Power of Charitable Giving
Many wealthy individuals and families struggle to use their giving well. Only about 53% of donors have the time, skills, or resources to plan their giving well. That’s where our philanthropic services step in.
We guide you in finding causes you care about, researching groups that make a big impact, and making giving plans. This way, you can make the most of your charitable giving and impact investing. Our expertise boosts your wealth management and giving efforts.
“Philanthropic advisors help design giving strategies and plans, which can lead to increases in effective charitable outcomes.”
Our team also helps families talk about their giving roles, focus their efforts, and share a vision for making a difference. This teamwork makes giving more meaningful and ensures your philanthropic services match your family’s values.
Fidelity’s Philanthropic Services offers many solutions to help you meet your giving goals. We help with setting up foundations, giving advice on grants, and more. Our team is here to help you make a real difference in the areas you care about.
Family Office Services
Fidelity Private Wealth Management provides family office services for high-net-worth families. These services are designed to manage wealth in a comprehensive way. They go beyond just investing, focusing on the complex financial needs of wealthy families.
Family offices act as a central point for managing a family’s wealth. They coordinate various services to keep and increase wealth over time. Fidelity’s experts work with clients to create strategies for managing investments, taxes, estates, and giving back.
- 68% of family offices focus on investment management
- 50% provide financial, estate, and tax planning services
- 45% offer concierge services
- 33% coordinate family meetings and communication
- 28% manage technology services
- 22% oversee real estate management
- 17% handle insurance services
- 15% manage assets like art, aircraft, and collectibles
- 10% are involved in philanthropic services
Setting up a family office helps a family’s legacy last for many generations. Fidelity’s services are made to help wealthy individuals and families with wealth management. They aim to meet long-term financial goals.
“All families should go through some assessment with their advisors yearly to define office objectives.”
If you want to improve your investments, plan for the future, or give back, Fidelity’s experts can help. They offer the guidance and solutions you need.
Comprehensive Wealth Management Solutions
Fidelity’s family office services take a full approach to managing wealth. They focus on the specific needs of high-net-worth families. Our team works together to provide custom solutions that help keep and grow your family’s wealth over time.
Eligibility and Minimum Investment Requirements
Fidelity Private Wealth Management is for high-net-worth individuals and families. To join, clients must invest at least $2 million with Fidelity. They also need to have at least $10 million in investable assets.
This program is for the wealthy. It offers custom strategies and full wealth management. This way, it meets the complex financial needs of the rich.
Eligibility Requirements
- Minimum investment of $2 million with Fidelity
- Investable assets of at least $10 million
The rules for Fidelity Private Wealth Management are strict. They focus on high-net-worth clients. This means the team can give the detailed advice and advanced strategies needed for success.
“The minimum investment to qualify for Fidelity Private Wealth Management is typically at least $2 million in the aggregate, with investable assets of at least $10 million.”
Fidelity Private Wealth Management serves a select group. It offers personalized service and advanced investment options. This is for the unique needs of the wealthy.
Fees and Charges
Fidelity Private Wealth Management has a clear and customized fee plan. It depends on how much you invest, which must be at least $2 million. The fee is between 0.20% and 1.04%. This fee includes all the services from skilled portfolio managers and financial advisors.
There might be extra fees for some transactions or services. These can be:
- Trades done through brokers not with Fidelity
- Wire transfers
- Administrative fees
Before starting with Fidelity’s private wealth management, clients should look at the full fee list. This way, they’ll know all the costs involved.
Fidelity also offers tax-smart investing strategies like tax-loss harvesting. This can help manage taxes and boost returns on taxable accounts. But, the use of these strategies depends on the portfolio manager.
“Fidelity’s advisory fees are designed to be transparent and tailored to each client’s unique financial needs.”
Fidelity Private Wealth Management wants to give a full, personal wealth management solution. They focus on the client’s long-term financial success. By knowing the fees and extra charges, clients can make smart choices about using Fidelity’s services.
Conclusion
Fidelity Private Wealth Management is a top choice for those needing financial guidance. They offer custom financial advice and access to special investment chances. Their team helps high-net-worth individuals and families grow and protect their wealth over time.
If you’re looking for a personal advisor or family office services, Fidelity has what you need. They are known for their commitment to their clients and have a history of great results. Fidelity is a reliable partner in managing your wealth.
To find out how Fidelity Private Wealth Management can help you reach your financial goals, visit SHOP NOW!. There, you can see the services and solutions they offer. Fidelity’s team is ready to guide and support you in securing your financial future.