Fidelity Go
- Best for: Beginners investing less than $25,000 who want their portfolio picked and rebalanced for them
- What Sets It Apart: A small account costs nothing at all, with no advisory fee and zero-expense-ratio funds below $25,000
- Investments: Fidelity Flex mutual funds, index funds for the stock portion, in mixes from 20% to 100% stocks; taxable, traditional IRA, Roth IRA, rollover IRA, SEP IRA, and HSA accounts
- Features: Automatic rebalancing; optional Smart Shift as your withdrawal date nears; from $25,000, unlimited 30-minute coaching calls and tax-loss harvesting in taxable accounts
- Management Fee: $0 under $25,000; 0.35% a year from $25,000, charged on the whole balance
- Minimum Deposit: $0 to open; $10 to start investing
- Cost: Fund expense ratios of 0%; no trading, transaction, or rebalancing fees
- Eligibility: U.S. residents 18 or older
- Pros: No cost below $25,000; no trading or rebalancing fees; coaching included from $25,000; Smart Shift option
- Cons: Fee applies to the whole balance from $25,000; Flex funds must be sold to leave; no coaching or tax-loss harvesting below $25,000
Open Fidelity Go, Fidelity’s robo-advisor, if you have less than $25,000 to invest and want your funds picked and rebalanced. Below $25,000 you pay nothing, since there’s no advisory fee and its funds have zero expense ratios, the yearly cost of owning a fund. From $25,000, you pay 0.35% a year on the whole balance, $175 on $50,000.
Like most robo-advisors, Fidelity Go asks about your goal, your timeline, and your comfort with risk, then picks a mix of Fidelity mutual funds and buys and sells to keep that mix on target. It suits beginners opening an IRA, an HSA, or a first taxable account.
Key Features
- No advisory fee under $25,000, then 0.35% a year on the whole balance
- Fidelity Flex mutual funds with zero expense ratios, in mixes from 20% to 100% stocks
- $0 to open, with investing starting once the account holds $10
- Taxable, traditional IRA, Roth IRA, rollover IRA, SEP IRA, and HSA accounts
- From $25,000, unlimited 30-minute coaching calls and, in taxable accounts, tax-loss harvesting, which sells funds at a loss to offset taxable gains
Pros
- No advisory fee below $25,000, and zero-expense-ratio funds at any balance
- No trading, transaction, or rebalancing fees
- Coaching calls with Fidelity advisors included in the fee from $25,000
- Optional Smart Shift that adjusts your mix as your withdrawal date nears
Cons
- The fee jumps from $0 to $87.50 a year at $25,000, since 0.35% applies to the whole balance
- From $25,000, Fidelity Go’s 0.35% is close to Betterment’s total of 0.28% to 0.42%, its 0.25% fee plus 0.03% to 0.17% in its Core portfolio’s fund expenses
- Flex funds can’t move to another firm, so leaving Fidelity means selling them, which can bring a tax bill in a taxable account
- No coaching or tax-loss harvesting below $25,000
- Above $25,000, Fidelity’s zero-expense index funds in an account you manage yourself cost nothing, though you’d rebalance them and go without coaching or tax-loss harvesting
Fidelity Go costs nothing on $20,000 and $175 a year on $50,000, which stays a fair price in an IRA or HSA, where selling Flex funds to leave costs no tax. A taxable account you expect to grow past $25,000 is better opened at Betterment or Wealthfront, whose exchange-traded funds can move to another broker without being sold.
Learn more about Fidelity Go or see how it compares to the best robo-advisors.
Fidelity Go
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