Fidelity Wealth Management

Fidelity Wealth Management: A Comprehensive Overview

About Fidelity Wealth Management Fidelity Wealth Management is the comprehensive advisory business within Fidelity Investments (Fidelity) - one of the nation's largest and well known financial services organizations. Fidelity was founded in 1946 by Edward C. Johnson II. Over the years Fidelity has evolved from a single mutual fund to a diversified financial services organization with $7.1 trillion in assets under management (AUM) as of Dec. 31, 2025 - up from $4 trillion as of Dec. 31, 2023 and positioning the firm as the third-largest asset manager in the world. In 2025, Fidelity's revenues reached a record $37.7 billion with net new assets of $657.3 billion for the year. With its headquarters in Boston, Mass. (with more than 216 Investor Centers) and over 77,000 worldwide employees, Fidelity still embodies the qualities of a high-touch individual wealth advisor – at the same time giving clients the comprehensive service and institutional capabilities of a truly global wealth-management-sized organization. An additional asset: Fidelity remains one of the rare privately held and family-owned investment companies, ensuring that long-term focus on clients' financial futures – a perspective that publicly traded firms are under pressure not to deliver to near-term earnings and profits targets. In 2025, Kiplinger named Fidelity its Best Wealth Manager Overall. The company also was named Institutional Investor's #1 Asset Manager in America for two consecutive years. As such, Fidelity offers a comprehensive wealth management business that offers its individual, corporate and institutional clients some of the best research, investment products and the highly respected resources in the industry — thus offering individual clients (as well as families and institutions) high-quality institutional-quality expertise and the range of products they have come to expect from a large and well established global investment company such as Fidelity.

Services & Capabilities

Fidelity Wealth Management offers a range of service options that can help clients at every stage of their wealth journey. Fidelity Wealth Services offers three discrete service levels: Fidelity Advisory Services, which is designed for emerging affluent clients; Fidelity Wealth Management, which is for high net worth clients with whom we build a long-term, relationship-based advisory and investment business; and Fidelity Private Wealth Management, which is designed for ultra-high net worth families looking for comprehensive, multi-generational financial guidance. Regardless of the service level chosen, all clients can expect a range of services that include financial planning, discretionary investment management and exposure to a wide range of investment opportunities. Fidelity offers alternatives, private credit, venture capital and cryptocurrencies through its pioneering spot Bitcoin and Ethereum ETFs. Fidelity acts as a fiduciary under the SEC’s RIA registration and FINRA’s broker-dealer registration and has full fee disclosure. Fidelity also has an open architecture investment platform that offers access to Fidelity’s own investment products as well as third-party products and managers.

• Comprehensive financial planning covering retirement, wealth building, tax strategies, estate considerations, and insurance review through Fidelity's Unified Managed Household platform
• Tax-smart investing with systematic tax-loss harvesting, separately managed accounts (SMAs), and goal-based portfolio construction
• Fidelity Go robo-advisory platform alongside dedicated human advisor relationships, providing a hybrid digital-human service model
• Access to alternative investments including private credit, venture capital, real estate, and digital assets (FBTC and FETH ETFs, plus no-fee crypto trading in IRAs)
• Family office services and trust services for ultra-high-net-worth clients requiring multi-generational wealth transfer and estate planning
• Fidelity Charitable — one of the largest donor-advised fund providers in the U.S. — integrated into the wealth planning process
• Lending services, 529 college savings plans, HSA accounts, and custody and clearing services for advisors through Fidelity's institutional platform
• Daily reporting frequency with real-time portfolio visibility through the Fidelity Mobile App and client portal, rated NerdWallet's Best App for Investing in 2025

Investment Approach

The overarching philosophy that guides all of the investment ideas at Fidelity is goal-based portfolio construction, where they leverage a diverse set of investment vehicles by deploying a combination of both active and passive management as needed in order to manage each client’s individual situation effectively. Asset allocation is tailored to meet the individual risk appetite, time horizon and tax situation – key differences versus other firms that manage portfolios of all sizes across wealth spectra. Unified Managed Household The Unified Managed Household (UMH) approach to wealth management was specifically developed by Fidelity to give advisors an avenue for comprehensive portfolio management that is aligned to the total investment pool within a given household by optimizing it for taxation at the total household level as opposed to focusing on optimal taxation on a per-account basis. At its core, the model is built around an open architecture. Thus, a Fidelity advisor is afforded a choice of investing in third party funds and managers or going out of house and investing in in house funds and managers. At Fidelity, the managers and underlying research of Fidelity’s own high grade funds and managers are known intimately, having been rated by institutions and financial professionals as Fidelity was voted by Barron’s as the #2 Best Fund Family over the last five years as well as awarded 32 Lipper Fund Awards in 2024. Also reflecting their highly progressive posture on innovative offerings to clients, Fidelity launched their SPOT ETFs to invest directly in Bitcoin and Ethereum earlier in 2022, while they continue to expand into the area of private markets with an array of offerings dedicated to private credit and venture capital as well. Additionally, Fidelity also continues to grow the scope of their ETF offerings which now comprise 79 funds as of mid-2025. ESG-focused options are also available through the range of mutual funds offered, as well as the model portfolio’s created to help clients express their values in their investments. Combining a firm history dating back an incredible 79 years with access to a sophisticated institutional-grade level of market and security research enabled by a wealth of assets under management (AUM) of $7.1 trillion — the powerful investment machine which enables Fidelity to help clients with their financial planning needs truly offers some of the largest and potentially one of the most sophisticated platforms available to clients in the industry today.

Client Focus

A report prepared by Celent examines Fidelity Wealth Management, an organization serving a very broad spectrum of customers. They range from mass affluent to ultra-high net worth individuals and families as well as institutional clients such as endowments, pension plans, and trusts. Collectively the Fidelity organization has 50 million customer accounts. The multiple entry points into the wealth management division that Fidelity has established make for a unique business model. In Fidelity Wealth Services, customers need $50,000 to be qualified for discretionary services. In its dedicated advisor relationship the minimum investment is $500,000. In the Private Wealth Management program the minimum is $2 million to $10 million. The fees for the advisory services start at 0.20% and increase to a maximum of 1.50% as the customer base increases. Clients that the firm's focus includes retirees and pre-retirees as well as young people saving for college and starting their professional careers; small business owners looking to plan their personal and professional affairs; and multi-generational families seeking an array of financial products and services. That the firm's customer base includes retirement plan sponsors as well as other firms seeking custodial and clearing services and even charitable organizations through the Fidelity Charitable organization. Finally, that Fidelity is expanding the firm's services into private equity and other alternative investments as well as providing a business of digital assets in the form of the Fidelity Digital Dollar stablecoin. Cryptocurrency trading will then be possible. Ultimately, the company is evolving into a business that includes a wealth of technology-based advisor tools based on cognitive science, also known as "artificial intelligence," or "AI" for short. It is quite feasible to describe Fidelity as a "one-stop shop." Here are the main features of the provider of Fych and comprehensive suite of products and services that in many regards are unprecedented in the industry such as — more than 79 years of continuity as a privately owned financial institution with a proven track record; integrated business lines including retail brokerage, advisory services, and retirement and lending activities as well as planned digital and alternative investments; access to products and services through numerous channels in addition to the Fidelity Retail brokerage, advisory, and private client channels such as the massive number of customer accounts on the Fidelity platform including an estimated 3 million participants in employer-sponsored 401(k) and other defined contribution programs and hundreds of thousands of trust and custodial customers; robust infrastructure encompassing 18 equity trading floors and five commodities and futures platforms as well as having a complete array of back-office systems that are tailored to customer requirements.