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Fidelity Review

as of 10/09/2020 at 4:33 pm

Holly's View

The website is notably improving all the time and the wealth of supporting information is valuable. It is easy to move from research to account to trading – the journeys are all quite clear. Performance reporting still needs work and it is less clear than some competitors for those who want to know what they put in, and what it is worth today. But behind the scenes it’s obvious that this is a service with some serious resource being put into development. It shows.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Big, secure company

Good phone support

Recently improved website

You Say

Your overall rating

Based on 215 reviews

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What to Expect

Investment Choice

Products

Stocks and Shares ISA

Junior ISA

Investment Account

Pension

Investments available

Own brand funds

Funds from other groups

Stocks and shares

Investment help

Robo advice / ready-made portfolios

Help building a portfolio

Includes a shortlist of investments

Pick your own funds

Pick your own shares

The 'Geeky' Details

Provider details

A safe, solid global player which has recently improved its website for investors. Recent changes include improved share dealing services and performance reporting.  If you have more than £7,500 the admin fee is 0.35% a year, so you’ll probably pay about 1.1% a year all-in (although depends on which investments you pick). If you have less than that you'll pay £45 a year for an ISA, which looks pricey for small portfolios.

Google their PathFinder range if you need help in picking the investments to sit inside your ISA or DIY SIPP. If you really want it drilled down they offer one ‘Greatest Hits’ simple fund – the Select 50 Balanced fund which is their investment ready meal for choice-haters! There are also loads of funds from other groups available.

Their performance tool compares your overall portfolio to a benchmark of your choice. It’s a nice thought – but they do use a proxy benchmark (for me it was UK large cap shares) which is a bit odd when I have a portfolio of lots of global funds too. I overlooked the nuance for now as I’m smashing it against the benchmark (!) but it feels a touch more gimmicky than useful?

Important Facts & Figures

Provider Size:

Large firm: administering £bns on behalf of investors and financial advisers

Minimum amounts: £50 minimum monthly amount
£25 minimum initial amount

Your Questions

"I currently have my children's Stocks & Shares ISA's with H&L however I am not that savvy with investing so I am thinking of moving it over to Wealth Simple and allowing them to do it for me. Would you recommend this or are there other roboadvisors you would suggest? I am happy to leave the money in long term until they are about 18 so looking at an 'ambitious' risk. I also have the same account with H&L and will potentially swap also."

Funmi, LDN

12/10/2020

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"What are your views on Fidelity Multi Asset Income Fund, please? I noticed it got an award from yourselves but that may have been a few years ago. To me it seems to be a stable, low risk fund, paying a good dividend in today's climate but it won't shoot the lights out. Only negative for me is that it seems to invest in a lot of other Fidelity funds investing in UK stuff, and therefore I suspect there may be considerable overlap. Cheers, Nigel"

Nigel, Bedfordshire

06/08/2020

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"I have about £100,000 invested in an ISA with Investec Click and Invest. They are closing their Click and Invest accounts and I have to find somewhere else to invest the money. Which are some providers of a similar nature, i.e. a managed ISA fund, preferably ones which can be set up and monitored online? I am considering either medium risk or high risk accounts."

Michael, Surrey

10/06/2019

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