Fidelity Investments has made waves in the insurance market with its portfolio of products, including a product called Fidelity-managed bonds and a line of mutual funds.
But the firm says the products aren’t exactly what you want to be investing in when it comes to long-term wealth management.
Article Continued Belowarticle The first of FIVE products Fidelity offers, the Fidelity Fund Management Advisor, is intended to help people manage their portfolios without relying on a broker, says the firm.
It includes an online tool that lets you view how the portfolio of assets will perform over time and a free portfolio builder that allows you to create a portfolio with any portfolio of investments.
The other two Fidelity portfolio-building tools, the portfolio builder and the portfolio explorer, are designed to help you find the most efficient asset allocation for your specific needs.
“It’s a simple way to understand your portfolio,” says Scott Ritchie, Fidelity’s senior vice-president of investment strategy.
Ritchie says the portfolio-builder and the explorer allow you to easily create a custom portfolio of ETFs, index funds, and other investments.
Each portfolio builder comes with an asset allocation that is designed to match your asset allocation profile, he adds.
Fidelity also sells a range of different asset-based portfolios, which are built with specific asset classes in mind.
The portfolio builder offers individual portfolios of stocks, bonds, mutual funds and ETFs with different asset classes, while the explorer allows you a more in-depth look at an ETF’s performance.
Fidelity says the tools can also help you identify the assets that might be most suitable for your portfolio, as well as which investments are most appropriate for your particular risk profile.
For example, if you are considering buying an investment fund that has a high percentage of fixed income, it might be better to invest that fund in a low-fee ETF, rather than investing in an ETF that has high fixed income and low fixed income.
As for what the tool does, Ritchie says that the tool only tells you what investments have the highest expected returns and that the tools are not designed to tell you how well an asset is performing.
But if you want more detailed information on an ETF, Rwayne says that Fidelity will provide that information to you in the future.
In the meantime, if your portfolio is looking like it is struggling, you can still make it look good with the portfoliobuilder and explorer tools, Ritton says.
If you’re new to the market, you may want to check out these top investment tools: Fidgets Investment Management, a free tool to help investors create portfolios that meet their investment goals with a variety of investment types and funds at no cost, by visiting Fidgets.com.
InvestingWithFidelity, a service that lets investors manage their personal wealth, from Fidelity to mutual funds, by going online and checking in daily, by checking in every day, or at any time, by signing up for a free account.
Keen Invest, a daily portfolio manager with an intuitive interface, that allows investors to track and analyze their portfolio, at no charge.