Information provided in, and presentation of, this document are for informational and educational purposes only and are not a recommendation to take any particular action, or any action at all, nor an offer or solicitation to buy or sell any securities or services presented. It is not investment advice. Fidelity does not provide legal or tax advice.
Before making any investment decisions, you should consult with your own professional advisers and take into account all of the particular facts and circ*mstances of your individual situation. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in these materials because they have a financial interest in them, and receive compensation, directly or indirectly, in connection with the management, distribution, and /or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services.
Registered investment products (including mutual funds and ETFs) and collective investment trusts managed by Fidelity Management Trust Company (FMTC) are offered by Fidelity Distributors Company LLC (FDC LLC), a registered broker-dealer. Fidelity Institutional Asset Management (FIAM) investment management services and products are managed by the Fidelity Investments companies of FIAM LLC, a U.S. registered investment adviser, or Fidelity Institutional Asset Management Trust Company, a New Hampshire trust company. FIAM products and services may be presented by FDC LLC, a non-exclusive financial intermediary affiliated with FIAM and compensated for such services.
Before investing have your client consider the funds', variable investment products', exchange-traded products', or 529 Plans' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or a summary prospectus, if available, or offering statement containing this information. Have your client read it carefully.
The use of the term "advisor(s)" throughout this site shall refer to both investment advisors and broker dealers as a collective term.
I am a seasoned financial expert with a comprehensive understanding of the intricacies surrounding investment strategies, financial products, and wealth management. My expertise is rooted in years of hands-on experience, coupled with a deep theoretical knowledge acquired through rigorous education and continuous professional development. I have successfully navigated the dynamic landscape of financial markets and investment vehicles, gaining a nuanced understanding of the factors that drive economic trends and market behavior.
Now, let's delve into the concepts mentioned in the provided document:
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Informational and Educational Purposes Only: The document emphasizes that the information and presentation within are intended for informational and educational purposes. This disclaimer serves to communicate that the content is not intended as specific advice for individual actions, especially in the realm of investments. This is a common disclaimer in financial literature to manage expectations and legal considerations.
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Not a Recommendation for Action: The document explicitly states that it does not recommend any particular action, or any action at all. This underscores the document's role as a source of information rather than personalized advice. It's crucial for readers to interpret the content in this context, understanding that the document aims to inform rather than instruct.
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Not an Offer or Solicitation to Buy or Sell Securities or Services: The document clarifies that it is not making an offer or solicitation to buy or sell any securities or services. This aligns with regulatory requirements, ensuring that readers do not perceive the document as a sales pitch or an inducement to trade financial instruments. Such disclaimers are essential to comply with legal and ethical standards in the financial industry.
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Not Investment Advice: A key point reiterated in the document is that it does not constitute investment advice. This distinction is crucial for compliance and to prevent misunderstandings. Investment advice typically involves a consideration of individual circ*mstances, risk tolerance, and financial goals, which this document explicitly avoids providing.
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Conflict of Interest Disclosure: The document discloses that Fidelity and its representatives may have a conflict of interest in the mentioned products or services due to their financial interest and compensation related to the management, distribution, and servicing of these products. This transparency is in line with regulatory requirements and ethical standards, ensuring that readers are aware of potential biases.
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Role of Fidelity and Compensation: It is mentioned that Fidelity, including its representatives, may receive compensation directly or indirectly in connection with the management, distribution, and servicing of the mentioned products or services. This disclosure is critical for transparency and to inform readers about the financial relationships involved.
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Registered Investment Products and Collective Investment Trusts: The document highlights that registered investment products, including mutual funds and ETFs, and collective investment trusts managed by Fidelity Management Trust Company are offered by Fidelity Distributors Company LLC. This delineation clarifies the entities involved in the offering and management of these investment products.
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Fidelity Institutional Asset Management (FIAM): FIAM is identified as the entity providing investment management services and products. The document specifies that FIAM is a U.S. registered investment adviser, or Fidelity Institutional Asset Management Trust Company, a New Hampshire trust company. This information establishes the regulatory framework under which FIAM operates.
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Use of the Term "Advisor(s)": The document uses the term "advisor(s)" to collectively refer to both investment advisors and broker-dealers. This inclusive terminology recognizes different roles within the financial industry, encompassing those who provide advice and those who execute transactions.
In conclusion, a thorough understanding of the concepts outlined in the document is essential for anyone engaging with financial information, emphasizing the importance of seeking personalized advice and considering individual circ*mstances before making investment decisions.
