Pros and cons and who should set up an account

Pros and cons and who should set up an account

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fees

0% Fidelity Account and Cash Management Account; Fidelity Go: Balances under $10,000 ($0), balances between $10,000 and $49,999 ($3/month), balances over $50,000 (0.35%)

investment types

Stocks, ETFs and Mutual Funds

fees

0% Fidelity Account and Cash Management Account; Fidelity Go: Balances under $10,000 ($0), balances between $10,000 and $49,999 ($3/month), balances over $50,000 (0.35%)

investment types

Stocks, ETFs and Mutual Funds

advantages

  • No minimum to get started
  • Multiple account types including Fidelity Brokerage Account, Fidelity Go, Fidelity Cash Management Account, Traditional IRAs, Roth IRAs and Rollover IRAs
  • The app offers trading, goal planning and tracking tools, as well as educational resources
  • Can connect non-Fidelity accounts

Disadvantages

  • No investments outside of stocks, ETFs and mutual funds

More information

  • Promotion: Currently none.

overall rating

Is Fidelity Spire right for you?

Fidelity Spire is a free mobile app that brings trading, goal setting and financial education under one roof. The app also offers a decision-making tool to help you prioritize your investing and saving goals, so it’s a great option for those looking to add some structure to their finances.

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

Fidelity Spire vs Digit

Fidelity Spire and Digit both offer investment and savings options for those who want to address all aspects of their finances. Both platforms offer personal investment accounts in addition to traditional and Roth IRAs.

However, Fidelity Spire offers a wider range of investment options. You can trade stocks, ETFs, and mutual funds through the app. Digit only offers ETFs. Plus, you pay more fees — it costs $5 a month.

Fidelity Spire vs. Albert

Like Digit, Albert offers a range of investment and savings options. These include Cash Accounts, Cash Back Bonuses, Auto Savings Tools, Auto Investing and more.

But compared to Fidelity Spire, you can only invest in stocks and ETFs, not mutual funds. Also, you don’t have access to IRAs, and since investing is only available through the Albert Genius subscription, you have to pay at least $6 a month (or higher) to access investing.

Ways to invest with Fidelity Spire

You don’t have to pay any fees to set up Fidelity Spire, but fees may apply to the accounts you set up in the app. Fidelity Spire has four key features:

  • Trade: You can use the app to invest in stocks, ETFs, and mutual funds.
  • Goal planning: With Fidelity Spire, you can set goals (such as retirement, marriage, or family) and track your progress towards them.
  • To learn: The app contains a compilation of articles and guides designed to help you make smarter financial decisions. You can even filter the library to find items for goals like making bigger purchases, getting out of debt, and more.
  • Prioritization: Fidelity Spire’s decision tool allows users to take a closer look at how their monthly contributions are affecting their target schedules. The app currently allows you to compare up to two goals at a time. Plus, the spare cash calculator makes it easy to determine if you have any money left over from your monthly budget. Fidelity Spire offers those who have cash a guide on how to use those funds to get closer to their goals.

In addition, Fidelity Spire allows you to use multiple accounts. These include the Standard Fidelity Account, Fidelity Cash Management Account, Fidelity Go, Traditional IRAs, Roth IRAs and Rollover IRAs. And you can even connect non-Fidelity accounts to the app to track all your finances 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+ BBB rating. This is the highest rating a company can receive, as the bureau’s ratings range from A+ to F.

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

Note, however, that reviews do not guarantee performance or reliability. For this reason, it is advisable to do your own research in addition to the findings of the office. Fidelity’s profile shows that over 300 complaints have been closed in the last 12 months.

Fidelity Spire Frequently Asked Questions (FAQ)

What is the difference between Spire and Fidelity?

Fidelity Spire is a Fidelity managed mobile app that takes a holistic approach to helping users build wealth. The app enables trading and offers a library and several tools (like the Decision Tool and the Substitute Cash Calculator) designed to help you better manage your finances.

Loyalty, on the other hand, is one


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which offers a more extensive range of products. These include self-directed accounts, automated investing, retirement accounts, college savings plans, custody accounts, and more. Because Fidelity Spire is connected to Fidelity, you can continue to use multiple Fidelity products (e.g. Fidelity brokerage account, Fidelity Go and more). You simply do not have access to all of the products provided by Fidelity.

What does Fidelity Spire do?

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

Can you trade options on Fidelity Spire?

no Fidelity Spire does not currently allow options trading.

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