Fidelity¶

• Name: Fidelity
• Website: https://www.fidelity.com/

About Fidelity¶

Fidelity dates to 1946, when Edward Johnson 2d founded Fidelity Management & Research to advise the Fidelity Fund. It has been privately held ever since. In 1974 it became the first company to sell retail mutual funds directly through a toll-free phone line. Its Magellan fund became the largest equity fund in the world in the 1980s, the decade in which Fidelity also moved into 401(k) plans and opened its first retail investor center. The company is headquartered in Boston and employs more than 80,000 people.

You can trade stocks, ETFs, options, more than 10,000 mutual funds, more than 150,000 individual bonds, CDs and, through Fidelity Crypto, bitcoin and ethereum. The trading platforms are Fidelity Trader+ on desktop and on the web, plus the Fidelity mobile app. Online US stock and ETF trades are $0, options are $0.65 per contract, and bonds bought online carry a $1 per bond markup, with no separate fee on US Treasuries and CDs.

Fidelity's strength is breadth for long-term investors. It offers zero expense ratio index mutual funds, a robo-advisor called Fidelity Go, wealth management, workplace retirement plans, IRAs, health savings accounts, 529 plans and annuities. Uninvested cash in a brokerage account goes into a money market fund without you having to ask. Trading specialists are available 24/7, and there are 215 Investor Centers for in-person help.

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