Fidelity offers online managed accounts with a dedicated team of investment professionals that administer the customer’s money for them, states Fidelity. The managed accounts include retirement portfolios, interest-income portfolios and tax-sensitive investment portfolios.
Fidelity provides a retirement account called the portfolio advisory service containing mutual funds supervised by institutional money managers, explains Fidelity. The managers build the portfolio based on the investors' risk tolerances, investment goals and the time frame in which they would like to retire. The minimum investment is $50,000; however, the initial investment provides customers with direct access to a team of account professionals known as Fidelity’s Strategic Advisers.
Investors can manage their own accounts through Fidelity’s website, notes the company. If investors who manage their own accounts have questions about how to oversee their accounts, they can access Fidelity’s extensive frequently asked questions section covering accounts and trade positions, balances, order activity and current positions. Fidelity does offer retirement planning strategies and wealth management products and services for customers who do not own managed accounts. Fidelity also offers a portfolio review tool to help investors analyze their current portfolios and make informed investment decisions. However, unmanaged accounts do not receive access to Fidelity’s Strategic Advisers team.