Fidelity Investments

time icon 6 min read update icon Sept. 20, 2019
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Fidelity Investments was founded in 1946. Today, the company is a full-service brokerage firm geared towards traders who make 36 trades per quarter. 

In 1946, Edward Crosby Johnson founded Fidelity Investments. He was key in shaping the company’s standards and values and served as the company’s head for more than a quarter of a century. Sixty plus years later, the company continues to satisfy its clients’ needs. The company now has $2,342.2 billion in global assets and offers clients access to an impressive array of products and research tools. There are numerous no-transaction fee, inexpensive index funds and no-load funds. Its Active Trader Pro software offers top-notch charting and research tools. Some clients will also qualify for the Wealth-Lab Pro, which is a specialized trading software program. 

Seniors have usually spent a lifetime planning for their retirements with IRAs and savings accounts. However, inflation and many other unforeseen financial situations can take their toll on even the best-laid plans. Continuing to invest and take advantage of trading helps ensure that a senior’s funds grow with each passing year, instead of dwindling. Fidelity Investments does require a $2,500 deposit to get started. However, to roll over an IRA costs nothing. There is a $2,500, or $200/month, fee for a Roth or Traditional IRA.

Grandfolk Scoring
Robo-advisor 10/10
Cost 9/10
Ease 10/10
Cancellation 8/10
Customer service 9/10
Initial deposit requirement 6/10
Securities traded 10/10
Regulatory memberships 10/10
Financial strength 10/10
Is a robo-advisor service available?
Is a deposit required?
$4.95 per stock trade
Is the service easy to use?
Yes, the platform is ideal for a beginner or experienced trader
Can I cancel the service?
Yes, a $50 closing fee
Customer service
How do I reach customer service?
Online chat, phone or email 24/7,plus local branches
Initial deposit requirement
How much must I invest?
$2,500 for account; $0 for IRA
Securities traded
What trading options are available?
Equities, ETFs, Fixed Income,Foreign Stocks, Mutual Funds, Options, Precious Metals, Forex
Regulatory memberships
Does the company belong to FINRA and SIPC?
Financial strength
Is the company financially strong?
Yes, it has $348.2 billion in client assets
Age Score:
50-64 Years
65-74 Years
75-84 Years

No matter how well a person plans for their retirement, there are often unforeseen expenses. In the blink of an eye, those costs can drain a senior’s savings. Focusing on sound investments and building a diversified portfolio will enable a senior to continue building a savings account to fall back on during their golden years. 
Nowadays, people are living longer than ever before. It is not uncommon for individuals to live into their nineties, and sometimes even see the century mark. With such an extended life, it is critical for seniors to make sure they have a nicely-padded nest egg. 
Fidelity Investments has a superior platform that caters to beginners and advanced traders. If a senior becomes confused about how to use the site, help is within easy reach. Fidelity Investments offers 24/7 customer service via phone, online chat and email. Seniors can also stop into one of the 180 branch locations for a more personalized experience with face-to-face assistance.

Health Score:
Great Health
Good Health
Fair Health
Poor Health

With advancing age, many seniors start to face health-related problems, which may be costly. Having a well-managed savings portfolio can prove indispensable when it comes to paying for medical bills. A senior who knows that they have saved an adequate amount of money for their retirement benefits from peace of mind. At Fidelity Investments, a senior can continue to earn money on their investments no matter what their age. The extra money that they make can be used to pay medical expenses, or whatever expenses the future might hold. 


  • Lost cost $4.96 commission on most trades
  • Upscale research tools
  • A platform that is easy to use for a beginner or advanced investor
  • 85 commission-free ETFs
  • Many investment choices
  • Excellent customer service 
  • Many securities
  • IRA costs nothing to rollover 
  • 180 branch locations


  • The mobile app offers no practice session before trading with real money
  • Spread betting, forex and futures are not supported
  • Minimum investment balance of $2,500

Bottom Line:

Fidelity Investments has been in business since 1946. The company continues to put its clients’ needs first and offers superior customer service. Fidelity has become a common name around the world for mutual funds, and it also offers extensive brokerage services. Its commission of $4.95 trades for securities is highly competitive and reasonable. Seniors who are watching their dollars and cents can find many no-transaction fee, no-load funds and inexpensive index funds. Fidelity Investment’s program, Active Trader Pros, is an ideal platform that features research and charts. After meeting certain account requirements, seniors who are active traders can move up to the Wealth-Lab Pro program. 

There is a minimum investment balance of $2,500. Seniors can expect to pay $4.96 for stocks and ETFs. Broker-assisted equity trades cost $32.95, which is very reasonable compared to other firms. Options average $4.95 plus $0.65 per contract. IShare ETFs, bonds, US treasuries, and mutual funds are all free. Overall, this is an online stock trading platform worth looking into. 

Frequently Asked Questions:

How do I pay for my policy?

An investment balance of $2,500 is required. All services are paid with electronic funds transfers. 

Can I change my plan? 

Fidelity Investments offers many financial options that can be changed extensively. You can contact customer service via online chat, phone or email 24/7 to make changes. 

Can I cancel my plan? 

Yes. There is no annual or inactivity fee, but there is a $50 account closing fee.

More Information:

NOTE: Fidelity Investments is a stable company that has been around for over seventy years. The best feature about the firm is its low $4.95 commission for all U.S. stock trades.

OVERVIEW: Fidelity Investments is one of the most well-respected full service brokerages in the world. Every year, the company continues to grow by leaps and bounds. It currently boasts 17.9 million retail brokerage accounts and $1.71 trillion in client assets. 

Seniors will need to make a minimum investment balance of $2,500. It is free to rollover an IRA. Seniors can expect to deposit $2,500 (or $200 per month) for Roth or Traditional IRAs. Seniors can expect to pay $4.96 for stocks and ETFs. Broker-assisted equity trades cost $32.95. Options average $4.95 plus $0.65 per contract. IShare ETFs, bonds, US treasuries, and mutual funds are all free. 

Individual Plans:  Individuals can open individual accounts

Family Plans: Group accounts can be opened with a spouse, child or other relative. 

Fidelity Investments Mobile App: Seniors can check on their investments 24/7/365 with the mobile app. They can also trade, manage money, pay bills and make quick deposits. The app also provides access to all the company’s market research. The app even grants access to live-streaming videos. 

Discounts: If you open an account with $50,000, you get 3,000 commission-free trades and access to the Active Trader Pro platform.

Add-On Services: All services are available to account holders. 

Additional Company Details:

Fidelity Investments offers some of the best research available. This research is comprised of 20 providers, including Capital IQ, Recognia, Ned Davis, S&P and McLean Capital Management.

Payment Policies: Transactions can be made online on the Fidelity Investment site, via the mobile app or over the phone with electronic funds transfers. 

Cancellation: There is no annual or inactivity fee but there is a $50 account closing fee.

Warranty: Fidelity Investments offers no warranty. The company is not responsible for any losses.

Accreditation: Fidelity Investments is not an accredited member of the Better Business Bureau (BBB), but maintains a C- rating with the organization. 


Fidelity Investments is a full service brokerage firm that has been in business since 1946. The company has $1.71 trillion in client assets, and is growing. It offers a wide array of mutual funds. Currently, it has 13,204 mutual funds, and over 4,000 of them have no transaction fee. The company also offers 91 commission-free ETFs. Each year, the company continues to grow. 


Fidelity Investments 
82 Devonshire St
Boston, MA 02109-3614
Tel: (800) 972-2155

Kimberly Sharpe - Senior Advisor

Kimberly is senior researcher with Grandfolk® providing in-depth product and service reviews to empower senior buying decisions.