How is Fidelity professional managed tax advantage account? Is anybody using it?
I recently had a conversation with the Fidelity investment advisor team. They discussed Fidelity's professionally managed tax-advantaged account with 0.5% commission fee. which involves market investments and year-end tax harvesting. The returns appear comparable to SPYETF with added tax advantages. I'm curious if anyone has prior experience with it and if it's a favorable option for investing available cash. TC 180k
Amazon YeTa12 OP Mar 22
Yes looks like it, commission fee is 0.5% however their returns are similar to SPY 500 with some losses reported
DraftKings eMUB42 Mar 22
Why not just buy voo and avoid the fees
NVIDIA qwerty+ Mar 22
Just buy VOO (or equivalent), QQQ(or equivalent) and SCHD
New
dogfoodie Mar 22Just manage it yourself.
Microsoft good69 Mar 22
Self managed
Salesforce UkHG58 Mar 22
Chhfdgh
“Managed accounts” are generally optimized to maximize agent commission/ fees . Customer interest comes a distant second