INTRODUCTION:
Fidelity Investments is one of the worlds largest privately owned asset management organisations. It opened its research office in London in 1973 and six years later offered funds to UK investors. It is now a leading provider of ISA's and also one of the leading fund managing ... Read review
Advantages: ISA, Ease of use, multiple funds under one umbrella. Disadvantages: Time delay in receiving redemption payouts.
INTRODUCTION:
Fidelity Investments is one of the worlds largest privately owned asset management organisations. It opened its research office in London in 1973 and six years later offered funds to UK investors. It is now a leading provider of ISA's and also one of the leading fund managing houses.
It also hosts a fund supermarket under the name of Fidelity FundsNetwork.
My experience:
I have found investing ... ...prompt. Once you start using Fidelity you start to trust them more as they are very proffessional and quick. No sitting around wondering what is happening to your redemption/purchase--they keep you informed by email as well as post.
Security:
I've found Fidelity to be secure till date. They have a very effective secure messaging system that feels very safe when they have to message you. They send you an email to log into you ... more
INTRODUCTION:
Fidelity Investments is one of the worlds largest privately owned asset management organisations. It opened its research office in London in 1973 and six years later offered funds to UK investors. It is now a leading provider of ISA's and also one of the leading fund managing houses. It also hosts a fund supermarket under the name of Fidelity FundsNetwork.
My experience: I have found investing through fidelity useful in many ways. The most important being that I can put my finger in several different pies in the four corners of the investment world, and all from the comfort of my drawing room.
ISA: If you are a UK tax payer you would definitely be welcome to the fact that you can invest some money that you squirrel away, without the worry that the taxman can eat a chunk of your profit/ gains. Here at fidelity, they offer you a wide variety of funds to choose from, which can be placed under the ISA umbrella. Dont despair that you have to do it with only Fidelity's funds. Their FundsNetwork ensures that you can take a sip of the tea offered by various other companies and compare them all side by side before you decide which you are going to go for. You can easily invest in the growing economies from around the world and there is no need to limit yourself to the slowing British equity market.
Ease of use: After the initial registration bit, everything can be handled from the comfort of your home. For redemption there is a time lag to when you recieve the money of about 7-10 days. But I would not be worried about that as this is after all not a current account. You can login to your account and view your investments and track their growth.You can also research other funds while logged in and otherwise. I have found their contact system to be effective and prompt. Once you start using Fidelity you start to trust them more as they are very proffessional and quick. No sitting around wondering what is happening to your redemption/purchase--they keep you informed by email as well as post.
Security: I've found Fidelity to be secure till date. They have a very effective secure messaging system that feels very safe when they have to message you. They send you an email to log into you secure messaging facility and then you can read your message, so even if your email is hacked into, your details arent divulged.
Charges: Charges have seemed fair to me. Most of the funds I've seen do not have exit fees. The management and service fees varies. They are generally cheaper for fidelity funds than for the funds in fundsnetwork. But carefull research would enable you to pick the best combination. There are sometimes discounts to the fees so its a good idea to keep a look out. They keep you informed of these kinds of things through the post.
Conclusion: I find using fidelity very convenient and easy to use. I am impressed by my returns, but that again would depend on the funds you buy. The provision for the ISA umbrella is great, especially as you can invest in Funds from other companies and track them all at the same place. I would recommend this to anyone, in particular to novices like me. Its safe and easy to use!!! Hot Tip: Gartmores China Oppurtunities is Hot Hot Hot!!!
Advantages: Low online prices Disadvantages: All eggs in one basket
...in the stock market, then Fidelity is a good company to use. You want to invest in shares, a unit trust is a group of shares which have been picked by a professional fund manager.
I first invested in unit trusts through Fidelity many years ago. Some of their funds performance is outstanding over long periods of time. Their 3 headline funds are:
Fidelity European
Fidelity American
Fidelity Special Situations (UK based)
There are many different ... ...shares is a risk, but Fidelity has a good track record and is known for being very hot on research. It's a lot safer than trying to pick shares yourself.
The best way to invest through Fidelity is online. They run something called a funds supermarket, which means you can buy into unit trusts run by Fidelity and also ones run by other companies. The charges are the same. Once you register with them online, you will generally pay an initial 2 percent ...
simcox1 16.07.2005
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Ciao members have rated this review on average: helpful Review of Fidelity Investment
Advantages: It is supposed to have low fees _ I havent' check this though Disadvantages: Slow and complicated to get the funds out
I found the process of withdrawing money unnecessarily time-consuming, complicated and misleading.
To withdraw money, you need to send them a fax listing all your funds. It takes then 7 working days to "settle" your account, after which they will send you a cheque in the post.
I needed to be paid as soon as possible, and sent their form via fax as soon as I could. Next day called to ask if they could do a bank deposit instead of the cheque. Then, ...
atf22 05.12.2006
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Ciao members have rated this review on average: somewhat helpful Review of Fidelity Investment
Quality of service
Quality of fund managem...
Value for money
Range of products avail...
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Advantages: tracks ftse uk index,low charges, spread risk , can be ISA'd Disadvantages: covers all sectors, can miss out on sector over performance
where to look? Well Fidelity Moneybuilder Index Fund fits the bill for me. It is available from Fidelity's Funds Network which is a supermarket of investment funds with over 950 different funds from 55 fund managers.
Fidelity Moneybuilder UK index
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Aims to track the FTSE all share index which means it invests in the Large FTSE 100 companies down to smaller companies in the main market, but not AIM market stocks.
Performance
On the fidelity website you have a very useful feature that gives you an overview of each fund.
Over five years the fund has returned 4.9% now remember that the market fell 28% from 2001-2002
over three years the fund returned 23.6% and over a year 27%
Charges
Now this is where Fidelity score over the competition.
There is no initial charge on ISA and ISA ...
Advantages: No apparant advantages Disadvantages: lack of support using modern technology
I opened my B2 market track account in July 1999 and regret it. I decided that i wanted to invest money in the long term and thought Barclays bank was well-known and established therefore they would be my safest best. Since i first opened the account, however, i have had little news of how my investment has been going. Quarterly statements turned into half-yearly statements, and when i tried to go online to find the value of my investment, i was disappointed to find that i was unable to access my account. (I have another investment with Fidelity who allows you to access your account 24 hours a day to find the precise value of your investment.) I have tried numerous times to use their call back function but each time, i get the same response that it doesn't work. I therefore tried calling them on their freephone number only to get ...
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gorvifal3 22.10.2005
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