Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Anyone use Fidelity Professionally Managed Services?
Old 10-03-2016, 09:31 PM   #1
Recycles dryer sheets
Floridatennisplayer's Avatar
Join Date: May 2014
Posts: 485
Anyone use Fidelity Professionally Managed Services?

If so, likes, dislikes?

Central Ohio and Ft.Myers, Florida

Retired January 2019, age 63
35/65 AA
0.00 WR
Floridatennisplayer is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-03-2016, 10:19 PM   #2
Thinks s/he gets paid by the post
38Chevy454's Avatar
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 2,348
I do have some, maybe 15% in a tax-managed account intended to help reduce tax bite. Therefore invested all in individual company stocks. Overall it has done me good, and think it justifies the fee. Rest of my stuff is self-managed, but thought I would try the service and see results. So far good returns and some help at tax time. Will it always be good? That's the question. For right now my answer is to let them continue with it.

The advice we're giving you is invaluable, that's why it's free
Experience is a good teacher, but the tuition can get expensive real fast

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 10-03-2016, 11:49 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 8,102
How is this better than a tax efficient ETF for example VTI which has only a 3% turnover ?
Sunset is offline   Reply With Quote
Old 10-04-2016, 06:01 PM   #4
Recycles dryer sheets
Join Date: Jul 2016
Location: New Hampshire
Posts: 381
I have been in Fidelity managed accounts (Portfolio Advisory Services - I assume this is what you're asking about) since mid-2014. I don't have a lot of confidence in my own ability to manage investments, though my Fidelity rep admits I did well overall. Overall I am satisfied with the service. I'm paying about 1% but returns have been decent and the peace-of-mind is worth a lot. I check up on the accounts several times a week and have discussions with portfolio managers twice a year. The accounts don't trade often, but I get plausible explanations when they do. I do like that they are "tax-efficient".
jonat is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
managed portfolio vs self managed snowball Stock Picking and Market Strategy 40 02-25-2015 10:32 AM
Fidelity managed ira alank908 Hi, I am... 4 08-14-2013 09:35 AM
Fidelity Premium Services JohnDoe FIRE and Money 41 12-21-2012 03:49 PM
Fidelity's "professionally managed" service Kabekew Stock Picking and Market Strategy 9 09-19-2011 06:57 AM
Fidelity Replacement Income or VG Managed Payout TONASKET Stock Picking and Market Strategy 5 07-18-2010 10:58 PM

» Quick Links

All times are GMT -6. The time now is 03:23 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.