Fidelity Go represents a significant leap forward in the democratization of financial planning and investment management. Leveraging the power of artificial intelligence, this robo advisor simplifies the investment process, making it accessible to a broader audience. By answering a few straightforward questions about your financial goals and risk tolerance, Fidelity Go crafts a personalized investment strategy tailored to your unique needs.
One of the standout features of Fidelity Go is its commitment to affordability. For account balances under $25,000, there are no advisory fees, making it an attractive option for novice investors or those with limited capital. For balances of $25,000 and above, a modest advisory fee of 0.35% per year applies, which includes the added benefit of unlimited one-on-one coaching calls with Fidelity's trained advisors. This tiered pricing structure ensures that users only pay for the services they need, when they need them.
The platform's AI-driven approach to investment management includes continuous monitoring of the markets and automatic rebalancing of your portfolio to keep you on track toward your financial goals. This hands-off approach allows users to focus on their daily lives while Fidelity Go handles the complexities of investment management.
Moreover, Fidelity Go offers a seamless transition for existing Fidelity account holders, allowing them to convert their accounts to take advantage of the robo advisor's features without losing their account number or other key features like automatic deposits and withdrawals.
In recognition of its innovative approach to investment management, Fidelity Go was awarded the title of Best Robo by Kiplinger's magazine in August 2023, based on a comprehensive survey of online brokers and trading platforms. This accolade underscores Fidelity Go's effectiveness, affordability, and user-friendly design.
For those looking to take their financial planning to the next level, Fidelity Go offers access to a team of Fidelity advisors for accounts with balances of $25,000 or more. These advisors provide personalized coaching on a range of topics, including budgeting, debt management, retirement planning, and more, ensuring that users have the support they need to make informed financial decisions.
In summary, Fidelity Go is an exemplary model of how AI can be leveraged to simplify and enhance the investment process. Its combination of affordability, personalized investment strategies, and access to professional financial coaching makes it a standout choice for individuals looking to navigate the complexities of the financial markets with confidence.
