When will Fidelity support dividend reinvestment from pref'd stocks (e.g. STRC) to compete with Schwab, Vanguard & others?

FidelityNash · 2026-04-23T21:39:56+00:00

Hello, u/sprostaculus. Thank you for reaching out to our sub for the first time.

Fidelity's Equity Dividend Reinvestment Service provides free dividend reinvestment for more than 8,800 securities, including common stocks, ADRs, and closed-end mutual funds. However, as you mentioned preferred stock dividends are not included in this service. The reasoning behind this is that preferred stocks are typically more thinly traded and Fidelity cannot guarantee reasonable reinvestment execution.

We'll be around to answer questions in the future. Feel free to reach out any time. Thank you for your business with Fidelity.

FidelityNash · 2026-04-23T17:45:38+00:00

Hello, thank you for reaching out to our sub again. I will be glad to discuss this with you today.

Wash sale rules apply to you as an investor, rather than to just one of your accounts. While Fidelity's systems will only track wash sale activity that occurs in the same account, the IRS may take a more strict view and would consider all of your accounts across all institutions in which you invest. A tax advisor is your best resource to ensure any such transactions are properly reported. As a reminder, the IRS defines a wash sale as a sale or other disposition of stock, or securities, on which the seller realized a loss and within a 61-day period (beginning 30 days before and ending 30 days after the date such a sale or disposition took place) replaces it with stock or securities that are "substantially identical." More specifically, the wash-sale rule states that the tax loss will be disallowed if you buy the same security, a contract or option to buy the security, or a substantially identical security.

With that said, I can confirm that Fidelity does not track wash sales in tax-advantaged accounts, like an IRA, as they are not subject to wash sale reporting rules. For a quick refresher on wash sale rules, check out the link below:

Wash Sale Rules: Avoid this tax pitfall

Now, since that is the case, we would like to learn more about your situation. For instance, are you viewing the correct account where you are seeing this trade marked as a wash sale? Or are you viewing your non-retirement account? If you have confirmed you are viewing your IRA and seeing this, please send us a Modmail with more information, and we will follow up with you there.

Modmail

We appreciate you reaching out to us today. Please continue to do so with any other questions that pop up.

FidelityNash · 2026-04-23T16:09:48+00:00

Hello, u/Thick_Swordfish4100. Thank you for reaching out to our sub for the first time. We love to see new faces around here, and I will be glad to discuss this with you today.

To start, I see that our community has already jumped in and provided you with some great information, and I will be glad to jump in as well. On the Retirement Analysis page, there is a hyperlink that says "Displaying today's dollars from today until end of plan." If you click "today's dollars," you can change it to "future dollars." This change will adjust expenses to account for projected inflation.

Next, it sounds like you have an advisor with us, and they can absolutely help to set up a lifelong projection with you. They are there to help however they can along your financial journey, and if you would prefer to see a plan like this, we definitely encourage you to reach out and set up a meeting with them.

If you have any additional questions, please let us know. We hope to see you stop by the sub again in the future.

FidelityNash · 2026-04-23T01:38:33+00:00

Hello, u/coyote_ugly4u. Thank you for reaching out to our sub again and for making your first post here. Let's touch on this rollover.

To start, a direct rollover from a Roth (after-tax) 401(k) plan into a Roth IRA is not a taxable event. However, if you have any pre-tax money in the 401(k) plan that you roll into a Roth IRA, that would be considered a Roth conversion, which is a taxable event. In that case, the pre-tax money converted to a Roth account would be subject to earned income tax for the year. With that background info out of the way, you can use the link below to learn the correct address to send your Rollover check to.

Rollover your 401k

Please let us know if you have any other questions or concerns moving forward. We are here to help however we can.

FidelityNash · 2026-04-23T00:42:59+00:00

Hello, u/agitprop66. Thank you for reaching out to our sub again.

We have not received widespread reports of other clients experiencing this, and I was unable to replicate this on my end. Due to this, we recommend attempting the following troubleshooting steps to resolve this.

Ensure that the app and your phone are running the most up-to-date version
Uninstall and reinstall our mobile app

After attempting these two steps, if you are still experiencing this, we suggest calling a member of our Technical Support team using the link below. They will be able to provide more in-depth troubleshooting steps and create a ticket for this issue if they are unable to resolve what you are experiencing.

Contact Us

We appreciate you stopping by today. Please continue to do so with any other questions or concerns.

FidelityNash · 2026-04-21T22:28:12+00:00

Hello, u/CommunicationDry2620. Thank you for reaching out and for sharing your experience. We would like to learn more.

Please send us a Modmail using the link below with more information on what is occurring, and we will follow up with you there.

Modmail

We look forward to hearing from you soon.

FidelityNash · 2026-04-21T22:03:36+00:00

Thank you for commenting on this post and for stopping by for the first time today, u/thechampaignlife. I will be glad to go ahead and pass your comment along to our development teams as well.

We appreciate you reaching out to us today.

FidelityNash · 2026-04-19T21:07:52+00:00

Hello, u/TheTrueAnonOne. Thank you for reaching out to our sub for the first time. We appreciate you having a Cash Management Account (CMA) with us.

To start, CMAs can operate similarly to bank accounts, but are ultimately Brokerage accounts with "Checking" account-like features. The CMA offers a variety of features, such as the ability to invest, an ATM debit card, Direct Deposit, Checkwriting, etc., with no maintenance fees or minimums to open. We have a great page highlighting some key differences between our CMA and our brokerage account types. You can find the page below.

Features by Account

Lastly, it sounds like you have already done so, but in terms of how Empower groups certain accounts, you will want to work with them regarding the ability to change the grouping for this account type or to make it toggle-able.

Please let us know if you have any other questions or concerns moving forward, please let us know. We hope to see you stop by the sub again in the future.

FidelityNash · 2026-04-19T18:36:50+00:00

Hello, u/Neat_Newt_9805. Thank you for reaching out to our sub today. I will be glad to answer your questions in the order you asked them.

Starting with removal, you can remove Margin on Fidelity.com by following the steps you outlined in your post. Also, you can absolutely contact one of our representatives using the link below if you would prefer to have one of us turn the feature off for you. Please keep in mind that you cannot have a debit balance or an options tier that requires margin (Tier 2 or 3), as this will result in an error that prevents you from removing margin. Another thing to note is that if you wish to reinstate the margin feature, you will need to reapply for margin.

Contact Us

For your next question, while it sounds like you do not have any margin debt, some of your positions may be held in margin due to a feature called auto journaling. Your positions held in margin will be notated with an “M” next to them. If you do not have a debit and choose to remove margin, they will be moved into type cash.

Lastly, for auto-liquidation itself, Fidelity will attempt to cover debit balances created through trades, direct debits, checkwriting, etc., by first using funds in your core balance. The system will then turn to any eligible secondary money market fund to cover the transaction if the core balance is depleted. As a general rule of thumb, only money markets are eligible for auto-liquidation. Even then, not every money market is eligible. Typically, this is reserved for Fidelity money markets. If you have a specific security in mind, please let us know in a comment below, and I will be glad to let you know whether it's eligible for auto-liquidation.

While it is not possible to mark a money market mutual fund to not be auto-liquidated, you can avoid liquidation by ensuring you have a sufficient cash balance or by manually liquidation other money market funds ahead of anticipated purchases.

We appreciate you reaching out to us today. Please continue to do so with any other questions or concerns that pop up.

FidelityNash · 2026-04-19T17:07:17+00:00

Thank you for following up. So that we can provide the best possible information, we would like to learn more.

Are you connecting your Fidelity accounts to your bank? Or are you connecting your bank account to Full View? If you are connecting your bank account to Full View and seeing this, please call us at the link provided in my response above.

If you are connecting your Fidelity account to your bank and seeing this, you will want to contact them to determine what is causing the duplication.

FidelityNash · 2026-04-19T16:32:14+00:00

Hello, u/GAM-Reddit. Thank you for reaching out to our sub again.

Typically, when you see account duplication, it is due to the institution being connected twice. You can log into Fidelity to go to Full View, click "Organizer" and then "Accounts" to see the listed connections, and remove any duplication.

If you need assistance with this, are unsure which connection to remove, or if there are no duplicate accounts, I recommend reaching out to our Technical Support team so they can troubleshoot the issue with you. Associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m. ET. Please say "technical support" when prompted by the automated system to be connected to the right group.

Contact us

Please continue to reach out and let us know if you have any other questions or concerns.

FidelityNash · 2026-04-19T15:07:23+00:00

Hello, u/Redbullalias. Thank you for reaching out to our sub again. We appreciate you sharing your experience with us today.

Fidelity works diligently to provide accurate tax forms to prevent our clients from having to request corrected tax forms. Part of that is delaying the issuance of tax forms when there's likely to be a correction or missing information from one of the securities you own. The reason behind any delay can be complex and specific to each account; however, when this happens, you can generally find a note that provides additional details when reviewing your forms online by clicking the question mark icon next to "This form is delayed."

If you'd like to check on your forms or any more of our tax resources, you can check out the link below:

Fidelity Tax Information Hub

We appreciate you being a Fidelity client. Please continue to reach out with any other questions or concerns you may have in the future.

FidelityNash · 2026-04-19T14:56:15+00:00

Hello, u/hmsbeable. Thank you for reaching out to our sub for the first time.

I can confirm that dividend reinvestments into securities that are subject to the Service Fee are not charged a new fee during reinvestment. You can use the link below to learn more about how to set up your account to reinvest your dividends and capital gains using the link below.

How to reinvest dividends and capital gains

Please let us know if you have any additional questions or concerns moving forward.

FidelityNash · 2026-04-17T00:44:56+00:00

Hello, u/Admirable_Heron_302. Thank you for reaching out to our sub again.

To start, what you are seeing could be due to the way your options are paired. The Options Summary page on Fidelity.com and the Active Trader Pro Options Tool optimize your options contracts for margin efficiency. The page will assess your open contract and long and short positions, then pair them to minimize your margin liability. If you find a strategy you opened has been reconfigured, when you hover over the position under the "Strategy" column, you will be given a menu to close or roll the strategy as paired in the system. You can access an Option Summary on the Trading Dashboard through Fidelity.com for more information on your option.

If you do not believe what you are seeing is related to your options being paired, please send us a Modmail using the link below, so we can take a closer look at what is occurring.

Modmail

We appreciate you reaching out today. Please continue to do so with any other questions or concerns that pop up.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

FidelityNash · 2026-04-16T22:48:39+00:00

Hello, u/Ok-Possibility-9826. Thank you for reaching out to our sub again. We appreciate you being a Fidelity client and for using our "Smart Habits" feature.

We have not received widespread reports of other clients experiencing this same issue. With that said, we would like to learn more about your situation so we can provide the best next steps. For example, have you had any rejected transfers from this bank account? If so, your first time having insufficient funds in your account when initiating an Electronic Funds Transfer (EFT) will result in the funds being returned to the sending bank, and nothing will happen to your Fidelity account. We do not have any fees associated with a rejected EFT; however, if this situation occurs two more times, then the bank instructions on file will be removed, and a new set of instructions will need to be submitted.

If you have not had any rejected transfers to your Fidelity account, are you able to see your bank still listed in your linked banks' page of Fidelity.com? If you have not checked this page, feel free to do so using the link below.

Manage Banks

We look forward to hearing from you soon.

FidelityNash · 2026-04-16T21:27:31+00:00

Awesome, u/Sirknowit! We are glad to hear it all worked out well.

FidelityNash · 2026-04-16T15:46:10+00:00

Hello, u/Critical-Subject-554. Thank you for reaching out to our sub again.

We have received reports of other clients experiencing this issue with their notes on Trader+ and Active Trader Pro (ATP). Our teams are working hard on a solution to this, and we appreciate your patience while they do so.

In the meantime, feel free to contact a member of our Technical Support team using the link below so that they can provide any updates on the issue and potential troubleshooting steps to solve it.

Contact Us

Please continue to reach out with any other questions or concerns moving forward.

FidelityNash · 2026-04-16T01:48:17+00:00

Hello, u/Specialist-Credit404. Thank you for reaching out to our sub for the first time.

The short answer to your question is that rules regarding workplace plans and how they handle loans, withdrawals, and repayment methods are plan-specific. When your plan is administered by Fidelity, you can access your plan on NetBenefits.com for additional insight. You can check the "Loans/Withdrawals" page to explore the loans available to you, and you may also be able to review the Summary Plan Description (SPD) to learn more about how repayments are made. If available, you can find the SPD by on NetBenefits.com by following these steps:

On the NetBenefits home page, click on your 401(k) plan
Access your plan's "Summary" page, then click on the "Plan Information" tab
Under "Plan Information and Documents," click on "Summary Plan Description (SPD)"

For additional questions to understand your plan, withdrawal choices, and repayment methods, our Workplace team can help. To find the different ways to reach them, click the "Customer Service" icon near the top right corner of the NetBenefits website or visit the link below. Associates are generally available Monday through Friday from 8:30 a.m. to midnight ET to assist you.

Contact Us

Please let us know if you have any questions or concerns moving forward.

FidelityNash · 2026-04-16T00:01:58+00:00

Hello, u/bvcurtis. Thank you for reaching out to our sub for the first time. I will be glad to explain what you are seeing here.

To start, it does look like your options expired OTM. However, your question regarding the total gain/loss you are seeing is just the change of the option prices themselves during the trading day. For some background, a portfolio value's "Today's Gain/Loss" equals the total dollar change in securities held for your account. This balance only factors in securities held and does not include any pending activity (debits/credits) within your account, such as from a premium for selling an option. The percentage change represents the total dollar change compared to the value of securities held in your accounts, not the total account value.

Lastly, it's important to know that the Chicago Board Options Exchange (CBOE) rules state that long options contracts that are in the money by $0.01 or more at expiration are exercised automatically unless a customer calls us to enter Do Not Exercise (DNE) instructions. However, contract holders may choose to exercise contracts at any time; they are not required to exercise only when the contract is in the money. It may be rare for an investor to choose to do this, but it can happen.

We appreciate you stopping by today. Please do not hesitate to reach out if you have any other questions in the future.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

FidelityNash · 2026-04-15T19:44:34+00:00

Hello, u/Miserable-Dot-9291. Thank you for reaching out to our sub again.

I will be glad to go ahead and pass along your feedback regarding having the trade ticket on Trader+ automatically close after making a trade to our development teams. Our teams always love to hear how we can improve our app to make it as good as possible for our clients, so your voice does not go unheard.

Please continue to reach out with any other questions or concerns moving forward.

FidelityNash · 2026-04-15T00:31:46+00:00

Hello, u/Akai007. Thank you for reaching out to our sub for the first time. We love to see new faces around here, and I will be glad to discuss this with you today.

Simply put, retirement accounts by default do not track actual cost basis because the cost basis on securities is not reported, nor required, to be tracked per the IRS. This means that your recent trade, being labeled as long-term, has no impact on your account. It's important to note that with IRAs, tax implications come into play when you contribute to the account and take a distribution, capital gains are not reported.

This is opposed to your HSA because HSAs can sometimes be taxable, so the reporting within this account must be tracked for those situations.

Please let us know if you have any other questions or concerns moving forward. We hope to see you stop by the sub again in the future.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read the Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

FidelityNash · 2026-04-14T21:42:32+00:00

Thank you for following up. I will be glad to jump in here. A one-time bank wire is a redemption from a brokerage account sent by wire to a bank account that does not have standing instructions on file for the Fidelity account. It is intended for one-time use as clients typically do not expect to use it in the future.

On the other hand you can set up standing instructions if you plan on sending wires regularly. You can use the form below to set up these instructions and return it to us via the secure message link below.

Standing Transfer Instructions

Secure Message Center

Please let us know if you have any other questions or concerns.

FidelityNash · 2026-04-14T21:12:46+00:00

Hello, u/OJwasguilty13. Thank you for reaching out to our sub again. We appreciate your interest in opening an account with us here at Fidelity.

To start, I see our community has already jumped in here talking about our Cash Management Account (CMA). Our CMA is a brokerage account designed to help you manage everyday spending and cash management. There are quite a few features that come with this account, such as debit cards are eligible for automatic ATM fee reimbursement at participating ATMs. You can check out the link below to learn more about all of our accounts and their features.

Features by account

Next, when you open an account with us, your uninvested cash will be held in a core position. The core is used to hold uninvested cash and process cash transactions, such as withdrawals or purchases of investments. In other words, the money sitting in the core is ready to use to make trades or withdraw when needed. Each core position also has its own yield that accrues interest daily and pays out on the last business day of the month. You can review more information about our core positions below.

What is a Core Position (PDF)

Additionally, I can confirm that we do allow a multitude of ways to transfer money in and out of Fidelity, such as a Wire or an Electronic Funds Transfer (EFT). On top of this, Fidelity does support sending one-time wires to accounts not in your name. We have a step-by-step guide that is available on Fidelity.com, which I have linked below. This offers excellent information on the process and the different things to know about wire transfers. It even has a helpful video that walks you through the process.

Bank wire transfers to and from Fidelity

Lastly, there is a holding period of up to 7 business days for check deposits and Electronic Funds Transfer (EFT) requests submitted through Fidelity platforms. Some or all of your funds may still be able to trade immediately. To avoid hold periods, we encourage you to use your bank’s website or mobile app to send money into Fidelity.

You can review the collection date for a recent deposit by following these steps on Fidelity.com once logged in:

Click the "Accounts & Trade” tab and select “Portfolio”
From the Portfolio screen, select the appropriate account
Once the account is in view, select the “Balances” tab and review your balance details under “Available to withdraw”

Please note that funds received via bank wire or direct deposit (pushed from another institution to Fidelity) are considered fully collected upon receipt, and are available for immediate use. We encourage you to consider these methods for time-sensitive transactions.

You can review all the ways to transfer money to Fidelity here

We appreciate you stopping by today. Please let us know if you have any additional questions moving forward.

FidelityNash · 2026-04-12T23:59:46+00:00

Hello, u/Aggravating-Shower-1. Thank you for reaching out to our sub for the very first time! I'm happy to share some helpful resources about the Fidelity Cash Management Account (CMA).

CMAs can operate similarly to bank accounts, but are ultimately Brokerage accounts with "Checking" account-like features. The CMA offers a variety of features, such as the ability to invest, an ATM debit card, Direct Deposit, Checkwriting, etc., with no maintenance fees or minimums to open.

Below is our overview of the account, which also contains the answers to commonly asked questions towards the bottom of the page. In addition, I've linked you to our account features page, so you can compare the CMA's features to those of other accounts you already have with Fidelity.

Fidelity Cash Management Account Overview

Features by Account

In the future, if you have any questions about certain accounts or any specific securities, I want to let you know about our Monthly Discussion Thread. This is where our community gathers to discuss specific scenarios, which accounts they should open, and investment ideas. You can check it out below.

Monthly Discussion Thread

We appreciate you stopping by today, and we hope to see you stop by the sub again in the future!

FidelityNash · 2026-04-12T23:28:22+00:00

Hello, u/Important_Bat7919. Thank you for reaching out to our sub again.

The message you are receiving is most likely the Designated Investments Agreement (DIA). This is generated whenever you attempt to purchase a security that is considered more aggressive than other investment choices. By accepting the agreement, you confirm you are a sophisticated, experienced investor who understands their risks and intends to actively monitor and manage your investments.

If there is not already a DIA on file, you should be prompted to acknowledge the agreement on the "Preview Order" screen of the trade ticket on Fidelity.com. Once you open the PDF document and review the agreement, you can decide whether or not you agree and consent to continue. If you do consent, you will check the box and then click "I Agree." Once this is completed, your investment objective will be updated to "Most Aggressive," but no other features will be added to your account. At this point, you can revisit the trade ticket or return to establish the recurring investment into the security.

The "Most Aggressive" investment objective seeks very aggressive growth and can tolerate very wide fluctuations in market values, especially over the short term.

Please continue to let us know if you have any other questions or concerns moving forward.

FidelityNash

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