Fidelity Personal And Workplace Advisors
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Learn more about Fidelity Personal And Workplace Advisors
Fidelity Personal And Workplace Advisors is an advisory firm located in Boston, Massachusetts. It administers $652.5 billion in assets across 1.7 million accounts, making it one of the biggest investment advisory firms in the nation by assets under management (AUM). The company has a very large team, including 13,507 financial advisors. Fidelity Personal And Workplace Advisors does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like stocks, bonds and options.
Fidelity Personal And Workplace Advisors manages all of its client assets in a discretionary manner. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without requiring client consent. The advisory firm manages roughly $381,370 for every customer account. The typical advisor at Fidelity Personal And Workplace Advisors oversees around 127 client accounts.
The company's headquarters is at 245 Summer Street, V2A, Boston, Massachusetts 2210. The company is allowed to provide services to clients throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Fidelity Personal And Workplace Advisors by the Numbers
Products and Services
Fidelity Personal And Workplace Advisors provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and educational seminars. In the last financial year, Fidelity Personal And Workplace Advisors provided 577107 of its accounts with financial planning services. The company is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts. The company is also affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, pension consultant and commodity pool advisor.
Core Advisor Services
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
Offered by 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Financial advisory fees largely vary depending on which services the firm provides the client. Fees billed by the company can consist of any combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.
Offered by 69% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Offered by 32% of firms
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Find one of the 21% of firms that offer this fee type
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Find one of the 1% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company works with a number of different customers. Fidelity Personal And Workplace Advisors caters to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 1,712,247 clients, Fidelity Personal And Workplace Advisors's biggest client is retail investors, though it also caters to 433,897 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 30.53%
- Other Individuals - 68.87%
- Corporations - 0.6%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Fidelity Personal And Workplace Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Fidelity Personal And Workplace Advisors
Rancho Cucamonga, CA
Fort Lauderdale, FL
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