Boston-based Fidelity Investments has introduced an advisory solution, Fidelity Go, for investors seeking to manage their money through a simple and efficient digital experience.
The newly launched solution was designed in partnership with digitally-savvy investors. It is a combination of a professionally managed portfolio, a digital dashboard, integration with firm’s investment tools and services.
The service will allow investors to access their money via computer, tablet and smartphone, and users can deposit and withdraw money, and monitor their portfolios, using these devices.
Fidelity Go touts features such as portfolios constructed, monitored and rebalanced over time by investment professionals – not simply by an automated ‘robo’ algorithm – available at a minimum investment of $5,000.
Fidelity Go charges 0.35 – 0.40% that may vary over time based on changes in the underlying investments.
Fidelity head of managed accounts Rich Compson said: "Fidelity Go makes professionally managed portfolios broadly accessible by helping people move from saving to investing quickly and efficiently, with costs starting at approximately $20 a year.
"Our goal is to help people meet their lifetime financial needs, and Fidelity Go is a new way for Fidelity to help digital-first investors and those just getting started."