Fidelity Portfolio Advisory Services

[jaideeguy]

I have recently inherited my father's Fidelity portfolio and his investments are diversified and mostly conservative, but several years old and we all know that times have changed and are changing at a faster rate...too fast for a dummie like me to keep up with.

So, I found that Fidelity has a couple of portfollio advisory services, one starting at $50k and another starting at $300k and both have sliding fee scales. Last night I spoke with one of their sales reps and they said that I would have to surrender holdings at the level i chose and give them complete control.

I've spent the morning on Google trying to find 'consumer reports' or reviews on Fidelity's managed portfolios and couldn't find much, so I'm throwing it out there in thaivisaland to hopefully hear from satisfied [or dissatisfied] customers/clients that have experience with Fidelity managed portfolios.

[farang555]

time to get yrself an education in managing yr own munney sir!

anytime you have someone wanting complete control you asking for trubble, im assuming you just one of the herd, one with sizeable funds but not one that puts you above the herd.

[jaideeguy]

I have tried on several levels over the years....stocks and mutuals mostly and I seem to have a jinx, because most of my picks started loosing immediately after i invested. Makes me a little gun shy and also makes me think that the 'experts' can do a better job than I at this.

[farang555]

very few can beat the market picking stocks. dont believe what guys post here about how they make loads of money, most just hogwash.

LEARN THE CONCEPT OF DOLLAR COST AVERAGING!

[teacup]

I have all my accounts(SIMPLE, ROTH, brokerage) with Fidelity US, and been managing my own portfolio all these years, but never used their fund manager service. I like going on my own with more control. It’s not because I don’t trust them, but because I know what I’m doing.

However all I can tell you is that their customer service is second to none, from all these years I have been with them.

[AFKAFSinLOS]

Sorry to hear about your father...

Perhaps the main questions should be why Fidelity? and why an Investment Portfolio Service? Two additional questions might be:

- What would your father have wanted you to do with the money?

- What would you do with the money if you acquired the same amount in pure cash?

[glyph]

I used Fidelity's advised investing services, and your post makes it obvious that you do not understand the services offered. At no time do you relinquish control of your investments. You are provided a professional investment opinion of the respective market sectors, and you are completley free to accept or reject their opinions, and you are free to invest any part of your portfolio in any segment, in any form, as you see fit. You should read all of the materials provided to you, once again, and speak to a representative.

[jaideeguy]

I should clearify a few things....

My father is still alive, but at 89 yrs he is passing the 'ball' to me and my most recent attempts to invest were Fidelity 4 and 5 star mutuals in natural resource, energy, chemical sectors which were in the green last month and since I bought into them, they have been in the red, even when the market went slightly up, making me loose some sleep.

I will check further into 'Fidelity's advised investing services' and see how that goes. and you're right in that Fidelity does have excellent support and can be accessed 7/24 from anywhere.

But, when my car aircon is broke, i could try to fix it myself and probably mess it up, or I could go to the corner garage and pay to have them mess it up, or I could go to an auto aircon specialist and know that it will get fixed properly and have a warantee if it breaks.

[farang555]

financial advisors r like poor village girls. there maybe a few good ones but most looking out for themselves.

trust me on a small account advisor makes no money if you dont do transactions so he will offer you opportunity to do many transactions.......

im sure fidelity has many good products , its your job to find out which is best for you.

YOU TRYING TO PICK STOCKS, SECTOR FUNDS ALMOST SAME AS STOCKS. YOU SOUND LIKE A GUY WHO INDEX FUNDS WERE INVENTed FOR!

im no expert either but who recommended energy stocks after oil recent gargantuan gain. its best to buy be4 gain not after it. you must be thinking oil will hit 200$.

Edited July 24, 2008 by farang555

[jaideeguy]

Actually, i think it could reach 200$, with current problems and potiential mid east messiness. It was just a fluke that the last hurricane went west and not down 'oil well alley' off the Texas coast. and we are a long way from alternative energy.