In fact, it offers almost all of the same securities with the exception of fractional shares. But Merrill Edge also offers commission-free stock and ETF trades like Fidelity. If you're a Bank of America customer, sticking with Merrill Edge is a great choice to keep your accounts under one roof. Today, Merrill Edge is the discount broker under Bank of America, and it's known for its ESG investing options and educational resources. Merrill Lynch was originally founded in 1914 but was eventually acquired by Bank of America in 2008. Merrill Edge is another leading broker with a very long history. This hybrid service charges 0.50% in annual management fees. You can also use Fidelity Personalized Planning & Advice, its hybrid robo-advisor service that also includes one-on-one coaching, if you invest at least $25,000. This service charges 0.50% to 1.50% annually in advisory fees. Wealth management: You can work one-on-one with a Fidelity financial advisor through its wealth management service if you have at least $250,000 to manage.It also has thousands of no-transaction fee (NTF) mutual funds you can invest in. Mutual fund options: Fidelity is one of the best brokers for mutual funds since it supports over 10,000 mutual funds.It offers a range of its own SRI funds like a sustainability fund, women's leadership fund, and climate action fund. Sustainable investing: If you care about SRI or ESG investing, Fidelity has you covered.It also provides more order types and lets you place multi-leg option orders. ActiveTrader Pro: Fidelity's ActiveTrader Pro option provides real-time market data and more charting and technical analysis tools to serve experienced traders.This includes guides for new investors, market news, and customizable stock watch lists. Excellent educational resources: One advantage of Fidelity is that it has a wealth of educational resources under its News & Research section.However, Fidelity Go becomes slightly more expensive and charges $3 per month for accounts between $10,000 and $49,999 and 0.35% for accounts of $50,000 or more. In contrast, many leading robo-advisors charge 0.25% regardless of how small balances are. Beginner-friendly robo-advisor: Fidelity Go doesn't charge advisory fees on accounts under $10,000.Fractional shares: You can trade fractional shares, which is useful if you're investing a small amount of money.But it also has some features that you don't get with every broker or Merrill Edge. Fidelity's unique featuresĪs a major broker, Fidelity has many of the features you'd expect, like commission-free stock and ETF trading. But you can also use its robo-advisor service Fidelity Go to build a portfolio that matches your goals and risk tolerance. There's the DIY route like other brokers offer. The main asset class Fidelity is missing is cryptocurrency, although it has plans to allow Bitcoin 401k investing in the future.įidelity also gives you choices for how you want to invest. Fixed-income investments like bonds are also available, as are fractional shares and options. With Fidelity, you can trade a range of securities, including stocks and ETFs without paying commissions. And since it's so comprehensive, it's a popular choice for beginner investors and more seasoned individuals alike. It's also one of the largest, and it has a reputation for customer service and its research and educational offerings. Founded in 1946, Fidelity is one of the older brokerages operating in America.
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