Fidelity Trust Company Fee Schedule
Introduction
As an investor, it is important to consider the fees and charges associated with your investment account. One of the most popular investment companies in the US, Fidelity Trust Company, offers a variety of investment options with different fee schedules. In this article, we will discuss the Fidelity Trust Company Fee Schedule and how it affects your investment portfolio.
Personal Experience
Before we delve into the details, let me share my personal experience with Fidelity Trust Company. I have been a loyal customer of Fidelity for over three years now, and I have been impressed with their customer service and investment options. However, when I first started investing, I was not aware of the fees and charges associated with my investment account. It wasn’t until I received my first account statement that I realized the impact of these fees on my returns.
What is Fidelity Trust Company Fee Schedule?
Fidelity Trust Company Fee Schedule is a list of charges and fees that are associated with different investment accounts offered by Fidelity. These fees are charged to cover the costs of managing accounts, executing trades, and providing customer service. The Fee Schedule is divided into different categories, including account opening and maintenance fees, trading fees, and mutual fund fees.
Events and Competitions
Fidelity Trust Company frequently holds events and competitions for its customers. These events range from educational seminars to trading competitions with prizes. In 2023, Fidelity Trust Company is planning to hold a trading competition for its customers. The winner will receive a cash prize and a free consultation with a financial advisor.
Fidelity Trust Company Fee Schedule Guide
Let’s take a closer look at the different categories of fees charged by Fidelity Trust Company.
Account Opening and Maintenance Fees
- Annual Account Fee: $0
- Low Balance Fee: $12 per year if account balance is less than $2,000
- Account Closing Fee: $0
Trading Fees
- Online Equity Trades: $4.95 per trade
- Online Options Trades: $0.65 per contract
- Broker Assisted Trades: $32.95 per trade
Mutual Fund Fees
- No Transaction Fee Funds: $0
- Transaction Fee Funds: $49.95 per trade
- Load Funds: Varies depending on the fund
Schedule Table
| Fee Type | Amount |
|---|---|
| Annual Account Fee | $0 |
| Low Balance Fee | $12 per year if account balance is less than $2,000 |
| Account Closing Fee | $0 |
| Online Equity Trades | $4.95 per trade |
| Online Options Trades | $0.65 per contract |
| Broker Assisted Trades | $32.95 per trade |
| No Transaction Fee Funds | $0 |
| Transaction Fee Funds | $49.95 per trade |
| Load Funds | Varies depending on the fund |
Question and Answer
Q: What is the annual account fee charged by Fidelity Trust Company?
A: Fidelity Trust Company does not charge an annual account fee.
Q: Does Fidelity Trust Company charge a fee for closing an account?
A: No, Fidelity Trust Company does not charge a fee for closing an account.
Q: What is the fee for online equity trades?
A: The fee for online equity trades is $4.95 per trade.
FAQs
Q: How can I avoid the low balance fee?
A: You can avoid the low balance fee by maintaining a minimum balance of $2,000 in your account.
Q: Are there any discounts available for frequent traders?
A: Yes, Fidelity Trust Company offers discounts on trading fees for customers who place a certain number of trades per year.
Q: What is the fee for load funds?
A: The fee for load funds varies depending on the fund. You can find more information about load funds on Fidelity’s website or by speaking to a financial advisor.
Conclusion
Understanding the fees and charges associated with your investment account is essential for maximizing your returns. Fidelity Trust Company Fee Schedule offers a transparent and competitive fee structure for its customers. By following the guidelines outlined in this article, you can make informed decisions about your investment portfolio and achieve your financial goals.