What is Fidelity Go Robo-Advisor?

What is Fidelity Go Robo-Advisor?

• AI-powered automated investing – Manages portfolios with minimal effort.
• Professional portfolio management – Designed by Fidelity’s investment experts.
• Low-cost investing – No advisory fees for accounts under $25,000.
• Goal-based investment strategies – Tailor’s portfolios to retirement, savings, and wealth growth.
• Fractional shares – Ensures full cash investment with no idle funds.

Fidelity Go is an AI-powered robo-advisor offered by Fidelity Investments, designed to provide automated portfolio management with low fees and professional oversight. It is ideal for investors looking for a hands-off approach while benefiting from Fidelity’s financial expertise.

By using machine learning and automated investing algorithms, Fidelity Go creates and manages diversified portfolios tailored to an investor’s risk tolerance, financial goals, and time horizon.

Unlike many robo-advisors, Fidelity Go stands out by combining automated rebalancing with access to human investment professionals, ensuring that users receive a balanced, diversified, and actively monitored portfolio.

It is a great option for those seeking a low-cost and efficient way to invest, without needing to pick individual stocks or constantly monitor market fluctuations.

Read Top 8 Robo-Advisors.

Key Features of Fidelity Go

Fidelity Go offers a low-cost, fully automated investment experience, making it an attractive option for new and seasoned investors.

Here are some of its key features:

1. Professional Portfolio Management

• Portfolios are designed and managed by Fidelity’s investment experts.
• Uses actively managed Fidelity Flex mutual funds with zero fund expense ratios.
• Provides ongoing portfolio rebalancing to maintain asset allocation.
• Example: If an investor’s target portfolio shifts due to market movements, Fidelity Go automatically rebalances to align with their investment strategy.

2. No Advisory Fees for Lower Balances

• No advisory fees for accounts under $25,000, making it an excellent choice for beginners.
• Flat 0.35% annual fee for accounts over $25,000, providing cost-effective portfolio management.
• No trading or account maintenance fees, keeping costs minimal for investors.

3. Goal-Based Investment Strategies

• Allows users to set specific financial goals such as retirement, wealth building, or education savings.
• Fidelity’s AI tailors investment strategies to meet these objectives and adjusts the portfolio accordingly.

4. Low Account Minimum & Fractional Shares

• Start investing with just $10, making it highly accessible to new investors.
• Uses fractional investing, ensuring that every dollar is fully utilized in the portfolio.

5. Tax-Efficient Investing

• Uses tax-efficient Fidelity mutual funds to help reduce taxable income.
• While it does not offer tax-loss harvesting, its long-term tax-efficient portfolio structure helps investors manage tax exposure effectively.

6. Integration with Fidelity Accounts

• Seamlessly integrates with Fidelity brokerage, retirement, and cash management accounts.
• Provides access to Fidelity’s extensive financial research tools and planning resources.
• Users can easily monitor investments through Fidelity’s mobile app and online dashboard.

7. Automated Rebalancing

• Fidelity Go automatically rebalances portfolios to keep investments aligned with the user’s strategy.
• Ensures that assets remain diversified, minimizing risks associated with market fluctuations.

Read about Betterment Robo Advisor.

Pros of Fidelity Go

✅ No advisory fees for balances under $25,000 – A great option for small investors.

✅ Professional portfolio management – Portfolios designed by Fidelity’s in-house experts.

✅ Low minimum investment – Start investing with just $10, making it highly accessible.

✅ No expense ratios on Fidelity Flex mutual funds – Low-cost investing with diversified portfolios.

✅ Automatic rebalancing – Ensures portfolios remain aligned with financial goals.

✅ Integration with Fidelity accounts – Provides a seamless experience for existing Fidelity customers.

✅ Hands-off investing approach – Ideal for passive investors looking for automated management.

Cons of Fidelity Go

❌ No tax-loss harvesting – Unlike some competitors, Fidelity Go does not offer automated tax-loss harvesting, which could be a drawback for taxable accounts.

❌ Limited customization – Investors cannot pick individual funds or ETFs; they must use pre-allocated portfolios.

❌ Higher fees for balances over $25,000 – The 0.35% advisory fee is slightly higher than other robo-advisors like Wealthfront and Betterment.

Read about Acorns Robo-advisor.

Who Is Fidelity Go Best For?

Fidelity Go is a great choice for:

Fidelity Go vs. Other Robo-Advisors

Final Thoughts: Is Fidelity Go Worth It?

Fidelity Go is an excellent option for hands-off investors, particularly those already using Fidelity for brokerage or retirement accounts.

It provides a low-cost, professionally managed investment experience, making it a great choice for new investors or those seeking a goal-based, automated investing solution.

Who Should Consider Fidelity Go?

• If you are a Fidelity customer looking for an integrated investment solution.
• If you prefer, no advisory fees are allowed for smaller balances.
• If you want expert-managed portfolios without high fees.
• If you need a diversified, goal-based investing solution.

Other robo-advisors, like Wealthfront or Betterment, may be better suited for those who need tax-loss harvesting or more customization.

However, Fidelity Go remains a strong contender in the robo-advisory market for passive investors and cost-conscious users looking for a fully automated, professionally managed investment solution.

FAQ: Fidelity Go Robo-Advisor

How does Fidelity Go manage investments?
Fidelity Go builds and manages diversified portfolios using AI and Fidelity Flex mutual funds.

What are Fidelity Go’s fees?
No advisory fees for balances under $25,000 and 0.35% annually for higher balances.

Does Fidelity Go offer tax-loss harvesting?
No, Fidelity Go does not include tax-loss harvesting like some competitors.

Can I choose individual stocks with Fidelity Go?
Fidelity Go invests only in pre-selected mutual funds and does not allow custom stock selection.

Is there a minimum investment required?
Yes, you can start investing with just $10.

How does Fidelity Go compare to other robo-advisors?
It stands out for having no advisory fees for small accounts but lacks tax-loss harvesting.

Does Fidelity Go provide human financial advisors?
No, but portfolios are professionally managed by Fidelity’s investment team.

Can I use Fidelity Go to plan my retirement?
Yes, Fidelity Go supports IRAs and goal-based retirement investing.

How often does Fidelity Go rebalance portfolios?
It automatically rebalances as needed to maintain target asset allocation.

Does Fidelity support socially responsible investing (SRI)?
No, it does not offer SRI portfolios like some competitors.

Can I withdraw my money anytime?
Yes, but withdrawing from investment accounts may have tax implications.

Is my money safe with Fidelity Go?
Yes, investments are held in SIPC-insured accounts and protected by bank-level security.

Can I link Fidelity Go to other Fidelity accounts?
It integrates seamlessly with Fidelity brokerage, cash management, and retirement accounts.

Does Fidelity support joint or custodial accounts?
Currently, it only offers individual investment accounts and IRAs.

What are the main advantages of Fidelity Go?
Low fees, professional management, goal-based investing, and easy integration with Fidelity accounts.