Christian Worstell | November 06, 2023
Whether you have significant investable assets or are looking into investing for the first time, choosing the right brokerage is essential. Fidelity and Fisher Investments both have excellent reputations, but there are significant differences between their products and services.
In this article, you'll find an in-depth Fidelity Investments vs Fisher Investments comparison.
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About Fidelity
Founded in 1943 by Edward C.Johnson, Fidelity is a large brokerage firm serving roughly 40 million individual investors. The firm offers a broad range of savings and investment accounts, and its low-cost fee structure makes it a popular choice with individual traders.
About Fisher Investments
Fisher Investments is a private investment advisor company founded by renowned investment analyst Ken Fisher in 1979. The company operates a fee-only structure and mainly serves high-net-worth clients. Its philosophy focuses on 'high-touch' support, providing access to tailored advice from a dedicated Investment Counselor.
What Products and Services Do Fidelity and Fisher Investments Offer?
Fidelity offers a significantly broader range of investment-based products and services than Fisher investments:
Fidelity | Fisher Investments | |
IRAs | x | |
Stocks and Trading | x | |
Fixed income accounts | x | x |
Equity accounts | x | x |
Portfolio management | x | x |
Retirement planning | x | x |
529 College Saving Plans | x | |
Custodial accounts(UGMA/UTMA) | x | |
Youth accounts | x | |
Roth IRAs for children | x | |
Health savings accounts | x | |
Cryptocurrency | x | |
Annuities | x | |
CDs | x | |
Annuity conversion | x |
Fisher Investments focuses primarily on financial advice services and portfolio management. Meanwhile, Fidelity is the better option if you want to save for your child's future or open a specific savings account type, such as a health savings account or CD.
Fidelity Investments vs Fisher Investments: Fees and Minimum Deposits
Fidelity
One of the primary advantages of investing with Fidelity is its affordable fees. Fidelity charges 0% commission on most trades and zero expense ratio index funds, although you'll pay commission of $1 per bond or CD for secondary trades. However, Fidelity does charge for some of its advice and planning services, and some services require a minimum account balance. Fortunately, the Fidelity Go service offers automated investment advice from your mobile device or computer with zero fees for balances under $10,000.
Furthermore, you don't have to make a minimum deposit to take advantage of Fidelity Go's features. You'll pay $3 per month once your balance reaches $10,000 and 0.35% per year for balances of $50,000 or more. Investors with higher account balances may prefer to use one of Fidelity's personalized wealth management and planning services:
Service | Features | Gross Advisory Fee | Eligibility Criteria |
Fidelity Personalized Planning and Advice | • Automated investment management • 1-on-1 financial advice from a financial professional | 0.50% | $25,000 minimum balance |
Fidelity Wealth Management | • Customized financial planning • Advice and investment management from a dedicated advisor | 0.50%-1.50% | $250,000 minimum balance |
Fidelity Private Wealth Management | • Customized financial planning and investment management • Support from an advisor-led team | 0.20%-1.04% | $2 million managed by Fidelity Private Wealth Management and$10million+ in investable assets |
Fisher Investments
Typically, you'll need to have total investable assets of at least $500,000 to use Fisher Investments' wealth management services. However, the company may approve investors with at least $20,000 for a WealthBuilderaccount at its discretion. Like Fidelity, Fisher Investments only charges fees on assets under management and does not take commission. Fees depend on the amount you invest. According to Annual management fees for income-only accounts are somewhat lower:
- First $5 million: 0.75%
- Next $10 million: 0.50%
- Next $10 million: 0.43%
- Next $10 million: 0.38%
- Next $10 million: 0.33%
- Next $45 million: 0.28%
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Does Fidelity or Fisher Investments Offer Better Customer Service?
Fidelity offers an impressive range of contact options to help customers access the information they need. Its 24/7 virtual assistant service can answer simple queries. You can also get help with account-related or technical questions via the live chat service between 8am and 10pm weekdays and between 9am and 4pm on weekends. Alternatively, you can get in touch by phone 24 hours a day or get 1-on-1 support via Facebook or Twitter. Fidelity also offers a broad range of educational materials to help you improve your knowledge of trading and personal finance. The online Fisher Investments offers comparatively few ways for customers to get in touch. You can access support by phone or fill in the However, the Fisher Investments website offers a wealth of educational materials covering retirement planning, personal finance and market cycles. The company publishes a regular stock market outlook guide and provides a daily commentary on the latest developments. You can access these materials, which include videos, podcasts and in-depth articles, via the Fisher Investments
Do Fidelity and Fisher Investments Have Good Customer Reviews?
Both Fidelity and Fisher Investments have relatively polarized reviews on Trustpilot. Clients generally praise Fidelity's outstanding customer care and appreciate having multiple ways to access support. In particular, clients enjoy the convenience of being able to get help and advice 24/7. However, some customers are dissatisfied with the time it takes to cash out stocks through Fidelity. Many customers are also satisfied with the care they receive from Fisher Investments and say that advisors are happy to answer their questions and explain their options in detail. Several clients also praise the company's balanced approach to risk and say that they enjoyed satisfactory growth over time. On the other hand, some reviewers mention receiving unwanted cold calls and believe the account fees to be excessive. Both
Fidelity Investments vs Fisher Investments: Is Fisher or Fidelity Better?
Both Fidelity and Fisher Investments have pros and cons. Moreover, Fidelity will likely suit a different type of customer from Fisher Investments.
Fisher Investments could be worth considering if you have a higher amount of investable assets. The company's 'high-touch service model' could represent a significant advantage if you need extensive support managing high-value accounts.
Meanwhile, Fidelity might be a more suitable option if you have less than $20,000 in investable assets and want to minimize fees. Fidelity also offers several account types unavailable through Fisher Investments, giving it the edge if you want access to products like annuities, health savings accounts or child savings accounts.
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Talk to a licensed agent today to find a plan that fits your needs.
877-578-6039
Certainly, I can provide insights into the concepts embedded in the article comparing Fidelity Investments and Fisher Investments. To contextualize, Fidelity, established in 1943 by Edward C. Johnson, is a well-established brokerage firm serving a wide array of investors, offering diverse investment and savings accounts with a focus on low-cost fees. On the other hand, Fisher Investments, founded by renowned analyst Ken Fisher in 1979, caters primarily to high-net-worth individuals, concentrating on personalized advice and portfolio management.
Here's an overview of concepts and terms used in the article:
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Brokerage Firms: Entities facilitating buying and selling of financial securities like stocks, bonds, etc., often offering various services and accounts.
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Investment Products and Services: Diverse financial instruments and advisory services provided by these firms, including retirement accounts (IRAs), stocks, fixed income accounts, portfolio management, and more.
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Fees and Minimum Deposits: Charges associated with services, including commissions, management fees, and minimum account balances required for specific services.
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Wealth Management Services: Tailored financial advice and management offered for higher net-worth clients, typically with more personalized support.
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Customer Service: Support provided by firms through various channels like phone, live chat, educational materials, and social media.
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Customer Reviews and Ratings: Feedback and ratings from clients, often found on platforms like Trustpilot or the Better Business Bureau (BBB), indicating service quality and client satisfaction.
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Comparison and Suitability: Evaluating the strengths and weaknesses of each firm to determine which might better serve clients based on their investment needs, asset levels, and preferences.
Both Fidelity and Fisher Investments present different strengths depending on the client's financial situation and goals. Fisher Investments leans towards high-touch personalized service for clients with significant investable assets, while Fidelity offers a broader range of services and lower fees, catering to a wider audience, including those with smaller investment portfolios.
Understanding these key concepts can help investors make informed decisions about which brokerage might align better with their investment objectives, financial circ*mstances, and preferences.
