Fidelity Go: Revolutionizing Investment Management
Fidelity Go is a game-changer in the world of investment. It is an AI-driven robo advisor that aims to make investing accessible and hassle-free for everyone.
Core Features
One of the standout features of Fidelity Go is its ability to suggest an initial investment strategy based on an individual's goals, time horizon, and risk tolerance. It takes into account factors such as the investor's comfort with risk, presented on a scale of 1 to 10. Based on this input, Fidelity Go shows a breakdown of the mix of stocks, bonds, and short-term investments that will be used to invest the client's money.
Another key feature is the automatic rebalancing of the portfolio. The markets are constantly fluctuating, and Fidelity Go ensures that the portfolio remains in line with the chosen investment strategy by buying and selling investments as needed. This helps to keep the investor on track towards their financial goals.
Affordable Investing
Fidelity Go offers tiered pricing that is designed to be accessible to a wide range of investors. There is no advisory fee for balances under $25,000, and for balances of $25,000 and over, the advisory fee is 0.35% per year. This makes professional investment management more affordable than ever.
Financial Coaching and Support
Once an account reaches a balance of $25,000, investors gain access to unlimited 30-minute coaching calls with trained advisors. These coaching sessions cover a wide range of topics, including budgeting, debt management, retirement planning, and more. This added layer of support can be invaluable for investors looking to make informed decisions about their financial future.
Account Management and Conversion
There is no minimum initial investment to open a Fidelity Go account, and once the account balance reaches $10, investing begins. Additionally, eligible Fidelity brokerage or retirement accounts can be converted to a Fidelity Go account, retaining existing account features.
In conclusion, Fidelity Go is a comprehensive investment solution that combines the power of AI with human expertise to provide a seamless and affordable investing experience. Whether you're a novice investor or looking to optimize your existing portfolio, Fidelity Go has something to offer.
