Fidelity Go is a robo-advisor offering no-frills features and low fees.
Its a great fit for those who are starting off in their investing journey and prefer being more hands-off.
Check out our Fidelity Go review to learn more about pros, cons and key features.
Considering a robo-advisor but not quite sure what that they do? Here’show a robo-advisor works.
What Is Fidelity Go and How Does It Work?
It also doesnt charge any advisory fees for balances less than $25,000.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Our Fidelity Go review will help you decide if this is the right brokerage for you.
If you have an existing Fidelity account, you might easily integrate your investments with Fidelity Go.
Commission and Fees
Fidelity Go doesnt charge any commissions for any of their trades.
In most cases, investors are required to pay expense ratios for the underlying securities in their portfolios.
Since this robo-advisor uses fee-free Fidelity Flex mutual funds, there are none.
No matter which you choose, theyre created from Fidelity Flex mutual funds.
How much each of these funds will be in your portfolio will depend on your goals.
Fidelity Go will also conduct a review annually to ensure the current investment strategy works for you.
The robo-advisor will have their financial advisors rebalance your portfolio whenever market fluctuations veers your asset allocation off course.
The robo-advisor doesnt offer tax-loss harvesting, a tactic where a brokerage offsets capital gains by selling losing investments.
Investors can keep up to date with their investment portfolio by signing up for monthly email alerts.
Customer Support
Fidelity Go customers can contact representatives 8 a.m. to 6 p.m. ## Is Fidelity Go Right for You?
If you like what you see, great.
If not, you dont need to commit to anything.
Fidelity is a reputable brand.
Keep in mind youll need to start paying advisory fees once your balance reaches $25,000.
Still, the fees are competitive and slightly lower than competitors.
Only accounts with at least $25,000 can access human financial advisors.
Those users can get unlimited one-on-one, 30-minute phone calls with advisors.
This option is useful if youre looking for more personalized guidance on retirement and other financial goals.
Fidelity Go HSA accounts are not eligible for advising.
Compare costs before doing anything.
Plus, although Fidelity Flex funds are low-cost, they may feel limited depending on your investing goals.
Overall, Fidelity Go is a decent offering, but verify to compare other brokerages before making your decision.
Frequently Asked Questions (FAQ) About Fidelity Go
Weve answered common questions about Fidelity Go.
Asset management fees are the cost of having a professional oversee your investment portfolio.
Fidelity Go doesnt charge advisory fees if you have a balance under $25,000.
The robo-advisor charges 0.35% annually once your account hits $25,000.
Instead, it allocates part of an investors portfolio towards municipal bonds in taxable accounts.
Yes, you might withdraw money from your Fidelity Go account.
You wont need to pay any additional fees and can withdraw from your account at any time.
She is the host of the Buzzsprout and Beyond the Dollar podcasts.
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