OT: Fidelity sucks…

[Coronita]

Man… I hate fidelity…

Fees galore….

Maybe I’m just spoiled with Schwab…But seems like fidelity went from good to worst recently…Anything you do is fee this ,fee that…

Roll money in.. no fee. Roll same money out…fees. Fees fees fees fees fees..

(end vent)

[UCGal]

Really – that’s not a good thing. The three brokerages with a rep for low cost/decent funds are Fidelity, Vanguard, and Schwab… with Vanguard being the lowest cost- but least service, and Fidelity being more expensive, but good service… and Schwab in the middle.

I’ve got money at all three – but have been migrating it all to Schwab. I’ll need to check what fees I’ll incur if I roll an old IRA out of Fidelity.

[Coronita]

[quote=UCGal]Really – that’s not a good thing. The three brokerages with a rep for low cost/decent funds are Fidelity, Vanguard, and Schwab… with Vanguard being the lowest cost- but least service, and Fidelity being more expensive, but good service… and Schwab in the middle.

I’ve got money at all three – but have been migrating it all to Schwab. I’ll need to check what fees I’ll incur if I roll an old IRA out of Fidelity.[/quote]

We’ll I’ve been consolidating to schwab. And I’m getting hit with fees moving out of fidelity.

[meadandale]

I’ve got my Keogh at Fidelity but I don’t do much active trading. May have to give some thought to moving it all over Schwabb.

Thanks for the heads up.

[sjk]

[quote=flu]Man… I hate fidelity…

Fees galore….

Maybe I’m just spoiled with Schwab…But seems like fidelity went from good to worst recently…Anything you do is fee this ,fee that…

Roll money in.. no fee. Roll same money out…fees. Fees fees fees fees fees..

(end vent)[/quote]

Fidelity…. AKA The flying pig……

[spdrun]

Why not go with an online brokerage house?

[Coronita]

[quote=spdrun]Why not go with an online brokerage house?[/quote]

You mean like Schwab?

But seriously most employers 401k is administered by Fidelity… (Well at least in S.D.)

I rolled money into my 401k because I thought about consolidating around that…But then I noticed the selection of investments in that plan stunk…

Speaking of online brokerage firms, a lot of them have ridiculous fees too… TD Ameritrade is one of them….. If I close an account, they want me to pay $75… However if I keep the account open with $0, there is no fee…Totally stupid.

[spdrun]

I meant Scottrade which I’ve been consistently happy with. Mostly online, but also has a physical location 5 min walk from me if I need something out of the ordinary done.

[Coronita]

UCGal,

Forgot to mention..

Schwab’s running a bunch of promotions right now…If you’re planning on moving money in, might as well get the freebie.

For post-tax accounts

*If you move in $50k, get a kindle fire, or $200 apple gift card, or if you ask 50 free trades for 90 days

For IRA accounts

*If you move in $50k, same offer as above, OR $250 cash back.

Generally, limited to one transfer. But if you plan on moving multiple accounts, ask…It’s “negotiable”…. I opted for the free trades in both accounts since I need them 🙂

Also if you move in $250k or more, get a free ipad… Not sure if that’s worth it though….

[UCGal]

Interesting. Thanks Flu.
I’ve mostly consolidated to Shwab and my last account at fidelity is a really old rolled IRA. (almost 20 years since I rolled it.)

I’ll have to look into grabbing some freebies.

[Author]

Posts