Fidelity offers more than 3,700 mutual funds with no transaction fee and more than 800 mutual funds and index funds with expense rates of 0.50% or less. With Fidelity's basket services, you can select a basket of up to 50 shares that you can monitor, trade and manage as a single unit. The large number of options can be intimidating, but Fidelity does a great job of grouping accounts according to their goal with the account and provides a concise description of the purpose of the account type. One person who has been arbitrating potential conflicts between Fidelity and Johnson's family investments is Linda Wondrack.
Casual investors who stick to buying and holding strategies should find the right Fidelity web platform for their needs. Curvey has been involved in Johnsons private investments for over 20 years and has earned millions of dollars from them. The Fidelity web platform and Active Trader Pro support a better variety of order types, including conditional orders such as orders that one cancels the other (OCO) and one that triggers the other (OTO). The rules seek to prohibit a situation where, for example, a mutual fund can invest in a pre-IPO company at a price above the market with the intention of increasing the value of a previous, lower-priced investment of an affiliated entity.
Overall, however, Fidelity is best suited to investors and traders who want a more technological experience, technical analysis tools, advanced charting, and access to a wider range of offerings. As one of the largest brokers in the United States, Fidelity serves all types of clients, from beginners to experts and from self-directed to those looking for highly personalized advice. Fidelity declined to comment on the specific investments examined by Reuters and declined to detail how it balances the interests of Johnson's loyalty funds and F-Prime funds in cases where they could compete for the same investment. Fidelity has eliminated almost all account fees, including transfer and account closure fees commonly charged by brokers.
Alan Palmiter, professor of business law at Wake Forest University, called the deal more problematic because it directly pits the interests of Fidelity fund investors with those of Fidelity's elite owners and managers. In addition to Fidelity Youth Account, Fidelity offers a personalized mobile app experience, with in-app educational resources, investment articles, and online research tools. Overall, Fidelity takes the lead in offering content that attracts a larger investor population. Loyalty is strong here, with stock investigations from more than 30 third-party vendors, including Recognia, Ned Davis Research, Thomson Reuters and McLean Capital Management.