Fidelity Wealth Services
This is the managed account program behind Fidelity's branch network of roughly 200 US offices, so a retiree can sit across a desk from the person handling the money. Enrollment starts at $50,000 and pricing sits well above robo level, varying by service tier and balance. There are three tiers: an advisory team for smaller accounts, Wealth Management with a dedicated advisor for clients around $500,000 and up, and Private Wealth Management for large households.
A sensible choice for someone consolidating several old 401(k) plans who wants income planning, Medicare timing and beneficiary paperwork handled in one place. Less appealing to fee hunters, since a similar portfolio can be run for a third of the cost elsewhere. At the entry tier the assigned contact can change, and branch quality varies from city to city.
Pros
- Around 200 branches for in person meetings
- Entry from $50,000
- Dedicated advisor at higher asset levels
- Tax and estate coordination on staff
- Brokerage, IRA and cash under one login
Cons
- Fees far above index level pricing
- Contact person rotates at the entry tier
- Full fee schedule hard to pin down upfront
- Steady nudging toward in-house funds
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