Fidelity Investments is a renowned financial services company that offers a wide range of investment products, retirement planning services, brokerage services, and more. Here’s an overview of the history of Fidelity Investments:

Fidelity Investments was founded in 1946 by Edward C. Johnson II as a mutual fund company. It started with the launch of the Fidelity Fund, the first-ever mutual fund to be based on the concept of pooling money from multiple investors to invest in a diversified portfolio of stocks.

Under the leadership of Edward C. Johnson III, who took over from his father in 1972, Fidelity Investments expanded its operations and became one of the largest mutual fund companies in the United States. It introduced several innovative products and services, including the first retail money market fund, the first automated telephone system for mutual fund transactions, and the first online trading platform.

In the 1980s and 1990s, Fidelity Investments further diversified its offerings, expanding beyond mutual funds into brokerage services, retirement planning, and other financial products. It launched Fidelity Brokerage Services in 1983 and introduced Individual Retirement Accounts (IRAs) and 401(k) retirement plans.

Fidelity Investments continued to innovate and adapt to changes in the financial industry. It expanded its online presence and launched Fidelity.com, an online platform for customers to manage their investments and access financial resources. Fidelity also developed mobile apps to cater to the growing demand for digital investment services.

Over the years, Fidelity Investments has grown into one of the largest and most well-known financial services companies in the world. It manages trillions of dollars in assets and provides a wide range of investment products, including mutual funds, exchange-traded funds (ETFs), individual stocks and bonds, retirement accounts, managed accounts, and more.

Fidelity Investments has also gained a reputation for its research capabilities and investor education resources. It offers market insights, investment guidance, retirement planning tools, and educational materials to help investors make informed decisions.

Products of Fidelity Investments

Fidelity Investments offers a wide range of financial products and services to individual investors, institutions, and financial advisors. Here are some of the key products and services provided by Fidelity Investments:

  1. Mutual Funds: Fidelity is well-known for its extensive selection of mutual funds, covering various asset classes, investment styles, and investment objectives. They offer both actively managed funds and index funds.
  2. Exchange-Traded Funds (ETFs): Fidelity offers a range of ETFs, including sector ETFs, international ETFs, bond ETFs, and more. These funds provide investors with diversified exposure to different market segments.
  3. Individual Retirement Accounts (IRAs): Fidelity provides a variety of IRA options, including Traditional IRAs, Roth IRAs, and Rollover IRAs. These accounts allow individuals to save for retirement with tax advantages.
  4. 401(k) Retirement Plans: Fidelity offers 401(k) retirement plans for employers and their employees. These plans provide a tax-advantaged way for employees to save for retirement, with options for employer matching contributions.
  5. Brokerage Services: Fidelity operates as a full-service brokerage firm, offering online trading platforms and tools for individual investors to buy and sell stocks, bonds, ETFs, options, and other securities.
  6. Managed Accounts: Fidelity provides managed accounts, where professional investment managers oversee the portfolio and make investment decisions on behalf of the investor. These accounts are designed to align with the investor’s goals and risk tolerance.
  7. Annuities: Fidelity offers various annuity products, including fixed annuities and variable annuities. Annuities can provide a stream of income during retirement and may have tax advantages.
  8. Cash Management: Fidelity provides cash management solutions, including checking accounts, savings accounts, and debit cards. They offer features such as mobile check deposit and ATM fee reimbursement.
  9. Life Insurance: Fidelity offers life insurance products, including term life insurance and permanent life insurance options, to help individuals protect their loved ones financially.
  10. Education Savings: Fidelity provides education savings accounts, such as 529 plans and custodial accounts, to help families save for their children’s education expenses. 

Gold Coins

  1. Gold American Buffalo
  2. Gold American Eagle
  3. Gold Australian Kangaroo
  4. Gold Austrian Philharmonic
  5. Gold Canadian Maple Leaf
  6. Gold South African Krugerrand
  7. Gold Bullion Bars

Is Fidelity Investments a scam?

No, Fidelity Investments is not a scam. Fidelity is a reputable and well-established financial services company that has been operating since 1946. It is one of the largest and most respected investment firms in the world, managing trillions of dollars in assets.

Fidelity Investments is regulated and licensed by various financial authorities, including the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). These regulatory bodies oversee and monitor the activities of financial institutions to protect investors and ensure compliance with applicable laws and regulations.

It’s important to note that while Fidelity Investments is a legitimate and trustworthy company, it’s always advisable to exercise caution when engaging in any financial transactions or investments. Before making any investment decisions, it’s recommended to conduct thorough research, read customer reviews, and consult with financial professionals or trusted advisors.

Additionally, be vigilant about potential scams and fraudulent activities. Always verify the legitimacy of any company or investment opportunity before providing personal information or funds. You can check the registration status and disciplinary history of investment professionals and firms through the SEC’s Investment Adviser Public Disclosure (IAPD) website or FINRA’s BrokerCheck.

FAQs

Here are a few general FAQs that are often asked about Fidelity Investments:

  1. How do I open an account with Fidelity Investments? To open an account with Fidelity Investments, you can visit their official website and follow the account opening process. This typically involves providing personal information, selecting the type of account you want to open (such as an individual brokerage account or an Fidelity gold IRA), and funding your account with the minimum required deposit.
  2. What are the fees and expenses associated with investing through Fidelity Investments? Fidelity Investments has a fee structure that varies depending on the specific products and services you use. They may charge fees for things like mutual fund expense ratios, advisory services, trading commissions, account maintenance, and more. It’s important to review and understand the fee schedule for the specific accounts or products you are interested in before investing.
  3. Can I invest in individual stocks through Fidelity Investments? Yes, Fidelity Investments offers a platform for individual investors to buy and sell individual stocks, along with other securities such as bonds, ETFs, and options. They provide online trading tools and platforms to facilitate these transactions.
  4. What types of retirement accounts does Fidelity Investments offer? Fidelity Investments offers various retirement account options, including Traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, and 401(k) plans. These accounts have different eligibility requirements, contribution limits, and tax advantages. It’s important to consult with a financial advisor or tax professional to determine which retirement account is most suitable for your needs.
  5. Does Fidelity Investments offer investment advice or financial planning services? Yes, Fidelity Investments provides investment advice and financial planning services. They offer resources and tools to help investors plan for their financial goals, assess their risk tolerance, and create investment strategies. Fidelity also provides access to financial advisors who can offer personalized guidance and recommendations.
  6. How can I access my Fidelity Investments accounts and monitor my investments? Fidelity Investments offers online account access through their website and mobile applications. Once you open an account, you can log in to view your account balances, track your investments, execute trades, and access various research and educational resources.
  7. Fidelity how to rollover IRA? You can follow these general steps: determine the type of rollover, open a Fidelity IRA account, choose the rollover method and complete the rollover process.