Has anyone used Fidelity representatives for investment advice?

Question

I have a variety of Fidelity mutual funds and I am thinking of using one of their representatives to review and evaluate my portfolio. I hope to get some sound advice about how to invest over the long term for retirement. Has anyone used their services and what did you think of them. I realize they may push their own products, as most advisors do at the large firms, but I haven't found an independent advisor that I feel comfortable with.

Answer 1

Their portfolio evaluations seem to be very proper.A few months ago they offered a 'free' evaluate my portfolio. After looking at it they said they could offer nothing better than the allocations I already had. So I thanked them and did nothing. They never called back nor bugged me to buy anything. I'm very happy with them.

Answer 2

I have used Fidelity's representatives before when I did a rollover with them. They will push Fidelity's funds, but that ain't all bad. I found their approach 'soft sell', and you can take it or leave it.

A few years ago, Consumer Reports did a survey on the best no-load companies in the u.s. Their best 3 picks were - Fidelity, Vanguard, and TRowe Price (not necessarily in that order).

Answer 3

I suggest you google for a CFP in your area. The Fidelity people are sales folks not advisors. CFP or Certified Financial Planners are usually not affiliated with a particular fund company (if they are I'd steer clear). It's better for the sake of bias to find an independent planner in your area.

Answer 4

Fidelity offered me a free portfolio evaluation. I talked to them over the phone for about 45 minutes giving them the information about my stock. Basically they are looking to see if you have a diversified portfolio. Asset allocation is what most financial planners will preach.

They are worth talking to for free.

Answer 5

I have.