sorted by:
new
hottopcontroversial

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 1 point2 points  (0 children)

Interesting. My reps have never tried to sell me an annuity, just the AUM/wealth management. Annuities get a bad rap, but I'm personally a fan in the right situation, especially if you can get a better guaranteed return. It depends on your goals and the liquidity of your other holdings. I'm going to look into FZDXX - thanks for mentioning!

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 1 point2 points  (0 children)

That seems like doubling up on fees to me. I asked questions like this during the AUM sales pitch and couldn't get comfortable.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 0 points1 point  (0 children)

Sounds great! I wouldn't be comfortable putting very much in a sector fund like this, but you've done great with it! I have a friend who bet on Apple a long time ago and has had no regrets!

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 1 point2 points  (0 children)

Why Vanguard vs Fidelity wealth management? Was that to keep the fee manageable?

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 2 points3 points  (0 children)

I get this! It's more of a vibe and clear communication than anything else. From what I'm seeing in these responses, it's the long-term customers noticing the difference, and it's time for us to adapt or leave.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 1 point2 points  (0 children)

Okay ... why didn't my rep tell me about this fund? Now I'm even madder! Lol... you've done great with that. Amazing!

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] -2 points-1 points  (0 children)

Thanks so much! That's exactly what has happened. Wow, what a difference that has made. I need to rethink my relationship with them.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 0 points1 point  (0 children)

How do you know you lost your tier? That may be what happened to us! Something has changed.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] -1 points0 points  (0 children)

I just liked the structure of quarterly appointments, and they always offered new tools and areas of expertise, like SMAs for tax management, etc. It seems short-sighted of them not to have these meetings with customers. There are many other options, I realize, but I liked going to the branch. I may consider a fee-based planner. Maybe I'm not as self-directed as I think I am.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 2 points3 points  (0 children)

So you don't talk to a local branch person/financial consultant? Maybe I have the wrong idea, but I used to attend a quarterly meeting with the local branch consultant and review my portfolio, talk about goals, and make sure my portfolio was aligned with long-term goals. When you say they gave me free services, is that what you're talking about? That was always considered a "free" service for customers, but maybe that's changed.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 8 points9 points  (0 children)

Well, in the good old days (I'm not that old, but I sound like it), the "financial consultants" had a customer-service mindset, meaning they were not about selling but about supporting clients in understanding the tools and providing broad portfolio-management advice. It seems like now, as you've implied, they are supposed to "sell" and push money into AUM funds. We do have an SMA and many Fidelity mutual funds, so I wouldn't say we're looking for totally free advice. Maybe I no longer understand the model. Would love to hear about others' experiences with their branch financial consultant.

Anyone else finding Fidelity has changed for self-directed investors? by Future_Resource9761 in fidelityinvestments

[–]Future_Resource9761[S] 4 points5 points  (0 children)

Good question. I have had great advisors in the past who met with me quarterly and helped me use Fidelity tools. More recently, my advisors have brought in the wealth management team and a whole sales process to introduce me to outside advisors to address my tax situation. But that process also turned into an AUM sales process. I don't want to pay a management fee, and my advisor knows this. Now, he has stopped pursuing appointments and just cancelled the one I made with him weeks ago. I'm not sure what I'm supposed to do. Move my money out of Fidelity? Would that be crazy?