Is Fidelities account management any good

1% seems high. I think we pay around .75%/.5% at Schwab Private Client depending on balance. But I honestly have no idea what the Fidelity service offers in the end, so it may be worthwhile.

All they do is give you textbook advice on what to invest in, most of which are fidelity funds. You could do that yourself. No guarantees I am sure!

that's better than jp morgan, they get 2%

You pay people to manage your account???

Well, I've lost interest in the banks and am looking for a decent return without taking too much of a chance.

The few Fidelity funds I have are doing OK, I pay the standard fee. They've offered a professional management which have no transaction fees but do have a 1.1% flat rate annual fee.

I don't know if what they do, probably just maintaining the account with a computer program that's on autopilot, is worthwhile. I don't have the knowledge to know what's good or bad, and don't want to learn refrigeration to store a gallon of milk.

Hey, you can pay them to manage the account or let them take the fees from the mutual fund. It's one or the other, isn't it?

I have had Fidelity account for about 8 years through work and have no complaints so far. Mine is all 401k and I don't think my fees are that high.

What type of account(s) do you have there? What's your balance? What age group are you in?

My favorite is Vanguard and they usually have the lowest fees.

Quote from batterycharger : Well, I've lost interest in the banks and am looking for a decent return without taking too much of a chance. The few Fidelity funds I have are doing OK, I pay the standard fee. They've offered a professional management which have no transaction fees but do have a 1.1% flat rate annual fee. I don't know if what they do, probably just maintaining the account with a computer program that's on autopilot, is worthwhile. I don't have the knowledge to know what's good or bad, and don't want to learn refrigeration to store a gallon of milk. Hey, you can pay them to manage the account or let them take the fees from the mutual fund. It's one or the other, isn't it?

What type of retirement accounts are these exactly?

What is your time-horizon with the money: short-term, intermediate-term, or long-term?

Roth, intermediate term with mid risk on the table.

It's in a mix of funds now, very unbalanced but doing well for the most part. Deposits for the last two years have just been sitting in cash reserve because I never got around to choosing a home for it.

It was suggested:

12.60% Domestic Large Growth Stock Fund
18.00% Domestic Large Blend Stock Funds
11.30% Domestic Large Value Stock Fund
4.00% Domestic Small Growth Stock Fund
3.20% Other Funds1
21.40% Foreign Stock Funds
21.70% Bond Funds
7.80 Short-Term

Is there a mutual fund that does that, or a way of readily finding out?

Quote from batterycharger : Is there a mutual fund that does that, or a way of readily finding out?

Don't the retirement year funds do that?

You know like this one:
T. Rowe Price Retirement 2030 Fund
https://www3.troweprice.com/fb2/f...cker=TRRCX

Quote from batterycharger : They charge some 1% to manage an account, something I've not been good about doing and don't have much basis to know what I'm doing other than throw a dart at some mutual funds.

In the long term, has Fidelity's average managed account customer beaten the dart boards by more than this extra 1% charge?

I thought Fidelity's non-index funds were already managed by professionals. How is adding an extra-cost extra layer of professional management going to help, especially when those professionals will probably be less qualified than the fund managers?

Quote from batterycharger : Roth, intermediate term with mid risk on the table. It's in a mix of funds now, very unbalanced but doing well for the most part. Deposits for the last two years have just been sitting in cash reserve because I never got around to choosing a home for it. It was suggested: 12.60% Domestic Large Growth Stock Fund 18.00% Domestic Large Blend Stock Funds 11.30% Domestic Large Value Stock Fund 4.00% Domestic Small Growth Stock Fund 3.20% Other Funds1 21.40% Foreign Stock Funds 21.70% Bond Funds 7.80 Short-Term Is there a mutual fund that does that, or a way of readily finding out?

According to what you said in your original post, you haven't been good about managing your asset allocations inside your Roth IRA. Moving forward, if you either don't want to or aren't comfortable managing it or both, I think the wisest thing you could do would be to choose the Fidelity target retirement fund that most closely matches when you plan on retiring and putting all of your Roth money into that fund. Simple. Done. Set-it-and-forget-it. It automatically allocates all of your money into various, diversified funds and holdings and, over time, automatically adjusts the allocation as you move closer to retirement.

Fidelity is one of the very best low-cost brokerages you can have your Roth IRA with.

All of this is based on the assumption that this money is for your retirement. If not, a Roth IRA might not be the best place for your money.

You mentioned you had more than one IRA. Do you only have one and it's a Roth or do you have others?

Yes Brian, this is entirely retirement money and unless something catastrophic happens it likely won't needed. Regardless, I want the tax shelter for my benefit just in case. I Have both traditional and Roth IRA's.

Tried finding a Fidelity Freedom fund to match the portfolio suggested by their investment service, and none came close to matching the percentages (http://personal.fidelity.com/prod...shtml.cvsr) Fees at .08

It was also suggested that, and with a significantly lower fee, that I look into Fidelity Four-in-One Index Fund (FFNOX) as a good long term hold by someone who considered the Freedom funds lagging in return. Fees at .02

There's also Fidelity Asset Manager accounts with fees in the .06 range.

Although it's being pushed, I don't understand the need to pay a premium for an individually managed portfolio. My assumption is that it's all just controlled by a computer program.... is there a benefit to the individually managed plan that I'm missing? Why do some sign up for it?

So when all's said and done you think that one of the Freedom Fund's is the way to go for the full retirement fund... set it and forget it? Is any one them particularly outstanding? Seems the return on all are midlin, but then too, those numbers vary widely depending on how they are presented.

Quote from batterycharger : Although it's being pushed, I don't understand the need to pay a premium for an individually managed portfolio. My assumption is that it's all just controlled by a computer program.... is there a benefit to the individually managed plan that I'm missing?

Nope.

Quote from batterycharger : Why do some sign up for it?

Perception.

We think the more we pay and/or the more "managed" it is, the more we'll make. When it comes to investing, we all to often mistakenly think that the more complicated something is and the more active we or someone else is in managing it, the more we'll make. Conversely, we all to often mistakenly think that the simplest, easiest, cheapest route can't possible be the best route.

Quote from batterycharger : So when all's said and done you think that one of the Freedom Fund's is the way to go for the full retirement fund... set it and forget it?

Yep.