No. of Recommendations: 0
I don't know about their "wrap" account but the way we do ours at my company is we offer funds from many different fund companies so we do not have that conflict of interest. Our fee is 1.15% and we are able to do some things that an average investor cannot do on thier own (or at least in a few cases, not do without paying a fee to other services like Morningstar's Premium services).

For those that have the time, desire and expertise to do it on their own, they you can likely do as well or better but if you don't, then you might find a benefit in such a style of account. I know that specifically for our funds and each portfolio, that it must have beat the comparable index at least 62% of the time to be included in our wrap product as well as have a higher average rate of return and lower standard deviation. It may be difficult (I don't honestly know) to determine such on your own.

In our wrap product, we have funds from Royce, Fidelity, Navellier, Heritage, Gabelli, Keeley, Dodge & Cox, Morgan Stanley, Marsico, and Merrill Lynch (to name a few).

I would assume Fidelity's service is very similiar to ours. I do think that you might be better, if this is the account type you like, to be in one that has more diversification of fund families.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement