Pros and cons and who should create an account

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expenses

0% Fidelity account and cash management account; Fidelity Go: balances under $10,000 ($0), balances between $10,000 and $49,999 ($3 per month), $50,000 balances and above (0.35%)

Investment types

Stocks, ETFs, and Mutual Funds

expenses

0% Fidelity account and cash management account; Fidelity Go: balances under $10,000 ($0), balances between $10,000 and $49,999 ($3 per month), $50,000 balances and above (0.35%)

Investment types

Stocks, ETFs, and Mutual Funds

Positives

  • There is no minimum to get started
  • Multiple account types, including Fidelity brokerage account, Fidelity Go, Fidelity Cash Management account, traditional IRAs, Roth IRAs, and ported IRAs.
  • The app offers trading tools, goal planning, tracking and educational resources
  • Non-fidelity accounts can be linked

Negatives

  • There are no investments outside of stocks, ETFs and mutual funds

more information

  • Promotion: None at this time.

general evaluation

Is Fidelity Spire Right for You?

Fidelity Spire is a free mobile application that combines trading, goal setting and financial education under one roof. The app also provides a decision-making tool that helps you prioritize your investment and savings goals, so it’s a great option for those who want to add a bit more structure to their finances.

It also offers several account options, and is available on both iOS and Android devices.

Fidelity Spire vs. Digit

Both Fidelity Spire and Digit offer investment and savings options for those looking to target all aspects of their finances. Both platforms also offer personal investment accounts in addition to traditional Roth IRAs.

However, Fidelity Spire has a wide range of investment options. You can trade stocks, ETFs and mutual funds through their app. Digit only offers ETFs. Plus, you’ll pay more – they charge $5 per month.

Fidelity Spire vs Albert

Like Digit, Albert offers a range of investing and savings options. These include cash accounts, cashback rewards, automatic savings tools, automatic investing, and much more.

But compared to Fidelity Spire, you’ll only be able to invest in stocks and ETFs, not mutual funds. Additionally, you will not have access to IRAs, and since the investment is only available with an Albert Genius subscription, you will have to pay at least $6 per month (or at a higher rate) to access the investment.

Ways to invest with Fidelity Spire

You don’t need to pay any fees to set up Fidelity Spire, but accounts you set up within the app may have fees. Fidelity Spire has four main functions:

  • trade: You can use the app to invest in stocks, ETFs, and mutual funds.
  • Target planning: Fidelity Spire allows you to set goals (such as retirement, wedding, or family) and track your progress toward them.
  • Learning: The app includes a collection of articles and educational guides aimed at helping you make smarter financial decisions. You can even filter its library to find articles for goals like making big purchases, getting rid of debt, and more.
  • prioritization: With Fidelity Spire’s decision tool, users can take a closer look at how their monthly contributions affect their goal timelines. The app currently allows you to compare up to two goals at once. Plus, the cash surplus calculator makes it easy to determine if you have any money left over from your monthly budget. Fidelity Spire offers those with cash surplus guidance on how to use that money to get closer to their goals.

Additionally, you can use multiple accounts with Fidelity Spire. These standard accounts include Fidelity, Fidelity Cash Management, Fidelity Go, traditional IRAs, Roth IRAs, and ported IRAs. And you can also link non-Fidelity accounts to the app to keep track of all your money in one place.

Fidelity Spire: Is it trustworthy?

Fidelity Spire does not currently have a Better Business Bureau profile, but its owner, Fidelity Investments, has an A+ rating with the BBB. This is the highest rating a company can get, as the office’s ratings range from A+ to F.

Ratings typically reflect the BBB’s opinion of how well a company interacts with its customers, but the bureau also takes into account the following when evaluating a business: type of business, time in business, customer complaint history, licensing and government action, and advertising issues.

Keep in mind, however, that ratings do not guarantee performance or reliability. For this reason, it is wise to do your own research in addition to the office results. Fidelity’s profile shows that it has closed more than 300 complaints in the past 12 months.

Fidelity Spire – Frequently Asked Questions (FAQ)

What is the difference between Spire and Fidelity?

Fidelity Spire is a mobile app managed by Fidelity that takes a holistic approach to helping users build wealth. The app allows trading, offers a library and many tools (such as a decision tool and a reserve money calculator) that are meant to help you better manage your money.

Fidelity, on the other hand, is


Online Mediation

Which offers a more comprehensive range of products. These include self-directed accounts, automated investing, retirement accounts, college savings plans, custodial accounts, and much more. Since the Fidelity Spire is connected to Fidelity, you will still be able to use many of the Fidelity products (eg, Fidelity brokerage account, Fidelity Go, and more). You will not be able to access all products offered by Fidelity.

What does Fidelity Spire do?

Fidelity Spire is a financial app that seeks to help its users make smart financial decisions and achieve their short and/or long-term savings goals. As mentioned earlier, it offers trading, goal planning, financial education, and much more.

Can you trade options on Fidelity Spire?

No, Fidelity Spire does not allow options trading at this time.

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