Fidelity Investments is an investment services company founded in 1946 by Edward C. Johnson II. The company's original purpose was to manage mutual funds and other investments for clients. Still, over the years, Fidelity has grown into a much larger financial services provider with products and services ranging from retirement planning to brokerage accounts.
They are now one of the largest brokerages in the U.S., managing more than $7 trillion in assets under management (AUM) on behalf of their 25 million customers.
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What Services Does Fidelity Offer?
Brokerage Services
Fidelity offers a wide range of brokerage services for personal and business customers. Brokerage services are designed to assist clients in making informed decisions about their investments.
You can research stocks, mutual funds, bonds, and more; trade securities online; access retirement planning resources; monitor portfolio performance; take advantage of tax strategies; and receive personalized guidance from financial professionals.
Customized Investing
Fidelity's personalized investing services allow you to make informed investment decisions. The company's customer service representatives can assist with setting up accounts, executing trades and transfers, and obtaining research reports.
In addition, Fidelity offers tools to help investors identify strategies for meeting their investment goals.
Wealth Management
This involves the integration of tax, financial planning, investment management, and estate planning.
Advisors help customers with a net worth of $1 million and an investment of more than $200,000 (not counting your principal property) make prudent financial and investment decisions by leveraging Fidelity's industry-leading technology and resources.
Retirement Planning
Fidelity offers retirement planning resources and guidance to help you stay on track for retirement. Fidelity's advisors can assist with your retirement plan, including setting up a 401(k), IRA or other accounts and helping you select investments tailored to your individual needs.
Does Fidelity Offer a Gold IRA?
The company provides a number of self-directed retirement accounts, but no IRA that allows you to invest in physical gold. However, Fidelity offers several other options for those interested in investing in precious metals, such as ETFs and mutual funds backed by gold investments.
How Does a Fidelity Gold-Backed IRA Work?
Fidelity's gold-backed IRA allows investors to hold physical gold as "paper gold" as part of their retirement savings. Fidelity provides an array of options for setting up and managing these accounts, including precious metals investing specialists who can guide how to invest in gold.
Once you've decided which type of gold products to add to your portfolio, you'll need to open a self-directed IRA.
The first step is opening the account by completing the necessary paperwork with Fidelity and making initial contributions. You may also transfer over funds from an existing IRA account or rollover funds from an employer-sponsored retirement plan.
After the account opens, you can purchase gold with your funds through its Direct Investing program. There are many ways to purchase these metals, but you are still buying "paper" gold.
What Gold Products Does Fidelity Offer?
Mutual Funds
Professionals manage these collections of stocks and bonds to meet a particular investment objective. Fidelity offers three types of gold-related mutual fund products: actively managed funds, index-based funds, and ETFs (Exchange Traded Funds).
The actively managed mutual funds invest in securities with underlying gold exposure, such as gold stocks and miners. Fidelity's Precious Metals & Mining Fund (FMPNX) is an example of a fund that invests in gold-related investments.
Index-based funds track benchmark indexes, such as the Gold Bugs Index or S&P GSCI Gold Index. These funds typically have low costs and offer investors access to exposure to gold without the need for active management. The SPDR Gold Shares ETF (GLD) is an example of an index-based fund that tracks the spot price of gold.
ETFs are similar to index-based funds in that they track a benchmark, but they are traded on an exchange like stocks so that they can be bought and sold throughout the day. Fidelity offers two gold-related ETFs: Physical Swiss Gold Shares (SGOL) and iShares Gold Trust (IAU).
Individual Stocks
Individual gold stocks can provide investors with exposure to gold in addition to the potential for dividend income and capital growth. Fidelity offers over 20 gold-related stocks, including Barrick Gold Corporation (ABX), Newmont Mining Corporation (NEM), and Franco Nevada Corporation (FNV).
Traditional IRAs
Fidelity can help you prepare for retirement by investing in gold, silver, and other precious metals.
Whether through a self-directed IRA or employer-sponsored 401k plan – you can diversify your savings portfolio to include these valuable assets without needing actual physical ownership of the coins.
What Does Fidelity Charge for its Gold Products/Services?
The company provides excellent gold products and services without charging commissions.
You can buy stocks in gold, exchange-traded funds (ETFs), or mutual funds with the same price as a standard stock trade without paying any account fees for their gold-related products or services.
Furthermore, you can keep your gold investments in a retirement account without incurring any additional expenses.
Furthermore, when you buy gold from Fidelity, you can be confident that it is guaranteed for up to $1 million. This provides additional security and peace of mind for your investment.
Conclusion
Gold investments can be rewarding and wise for some investors, but Fidelity's lack of a gold IRA option shouldn't discourage anyone from exploring other investment options. Fidelity has something for almost any investor's risk tolerance and investment goals, whether stocks, bonds, or mutual funds.
What are you waiting for? Talk to a Fidelity financial advisor today and explore the potential to reach your financial goals.
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