Fidelity Personal And Workplace Advisors

CRD#288590
Investment Advisor Firm

Answer a few questions and
get matched with an advisor.

Find an Advisor

Overview

Fidelity Personal And Workplace Advisors operates as an advisory firm that has its headquarters in Boston, Massachusetts. It controls $453.3 billion in assets under management across 1.0 million customer accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). It has a very large group of 8,158 employees, all of whom are financial advisors. Fidelity Personal And Workplace Advisors does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as equities, options and bonds.

Fidelity Personal And Workplace Advisors oversees all of the firm's client assets in a discretionary manner. Discretionary management signifies that transaction decisions are made by a portfolio manager without requiring the customer's authorization. The investment advisory firm's typical account size is $436,610. The typical financial advisor at Fidelity Personal And Workplace Advisors oversees about 127 client accounts.

The company's main office is at 245 Summer Street, V2A, Boston, Massachusetts 2210. It is legally registered to provide services to clients throughout 51 U.S. states and territories.

Assets Under Management

$453.3 billion

Number of Advisors

8,158

Disclosures

No

Office Location

245 Summer Street, V2A
Boston, MA 02210

Fidelity Personal And Workplace Advisors by the Numbers

Total Assets Under Management

$453.3 billion

National Average: $3.7 billion
Total Number of Employees

8,158

National Average: 29
Total Number of Accounts

1,038,219

National Average: 2,073
Average Account Size

$436.6 thousand

National Average: $1.8 million

Find a dedicated advisor for your needs

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Products and Services

Fidelity Personal And Workplace Advisors provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, educational seminars and other services. In the prior fiscal year, it provided 755313 of its customers with financial planning services. It is not engaged in selling products or offering services aside from investment advisory services to its investment advisory clients. The company is also affiliated with a number of other companies 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 45% 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 62% of firms

    Portfolio Management

    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.

Other Services

  • Offered by 23% 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 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

Back to Overview

Fee Structure

Fees for financial advice largely depend on the services provided. Fee types charged by the firm most likely include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Fidelity Personal And Workplace Advisors.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show 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 40% of firms

    Fixed

    Show Explanation

    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.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    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 2% of firms that offer this fee type

    Commissions

    Show Explanation

    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 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    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 1% of firms that offer this fee type

    Subscription

    Show Explanation

    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 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Back to Overview

Types of Clients

The company works with a number of different investors. Fidelity Personal And Workplace Advisors caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 1,038,219 customers, Fidelity Personal And Workplace Advisors's largest client group by number of accounts is retail investors, though it also manages money for 262,892 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are from outside of the U.S.

  • High-Net-Worth Individuals* - 28.95%
  • Other Individuals - 69.44%
  • Corporations - 1.62%
  • 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.

Find an advisor who will work directly with you

Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.

Back to Overview

Disclosures

Fidelity Personal And Workplace Advisors does not have any disclosures.

Please visit its Form ADV for more details.

Back to Overview
Back to Overview

Find a financial advisor near you

If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.

Back to Overview

Financial Advisors at Fidelity Personal And Workplace Advisors

Lauren Hinton
Englewood, CO
Meghan Snouffer
Boston, MA
James Woodall
Roanoke, TX
Julie Miller
Denver, CO
Stephanie Spyres
San Antonio, TX
Bryan Albaugh
Boston, MA
Nicholas Almasov
Los Gatos, CA
Campbell Kelley
Newport Beach, CA
Laura Grant
Campbell, CA

Not sure which advisor is right for you? Use our matching tool

Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today

Back to Overview

This content was compiled from the SEC and FINRA