Guides › Financial Advisor Fees
Updated September 18, 2026. Quick answer: Yes, on every account. Fidelity Wealth Management is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. Its own Form CRS states: “When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
How it’s registered
From Form CRS (Client Relationship Summary) (Effective as of March 31, 2025): “Strategic Advisers LLC (“Strategic Advisers”) is a registered investment adviser with the U.S. Securities and Exchange Commission.”
The standard of conduct, in its own words
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
On commissions: “Our investment professionals are not compensated for gathering assets, product sales, or the revenue that we or our affiliates receive as a result of the services our representatives provide.”
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $6,250 a year, 1.25% on a $500,000 account) | Form CRS (Client Relationship Summary), Effective as of March 31, 2025 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Fidelity Wealth Management discloses a published fee that runs $6,250 a year on a $500,000 account; see the full dollar breakdown from Fidelity Wealth Management’s own fee disclosure before deciding whether the standard of conduct here changes your answer.
If the answer above changes your mind about staying, see what it costs to leave Fidelity Wealth Management, or read the general mechanics of switching financial advisors.
Find the right next step for your situation
About how much do you have invested? Pick the range that fits; your next step appears immediately below.
Fiduciary status is one factor. See who else competes for your business.
If your portfolio is $250,000 or more, this connects you (free, with no obligation to hire anyone) with 2 to 3 vetted advisors.
Before you start, what actually happens. The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you.
WiserAdvisor states the service is built for portfolios of $250,000 and above. By submitting, you consent to emails, phone calls and text messages from WiserAdvisor and up to three advisors, so expect to be contacted. Clear Money Guide is paid when you complete the form, whether or not you ever hire anyone.
Opens on WiserAdvisor’s site in a new tab.
Whatever the standard, price a fiduciary-only, fee-based alternative before you decide.
Price the destination before you decide. The matching service below introduces you to advisers who pay to meet you.
Before you start, what actually happens. The form is run by Kapitalwise, our advisor-matching partner. Kapitalwise sends your details to advisers who pay for the introduction, so expect calls and texts. Clear Money Guide is paid when you submit the form, whether or not you ever hire anyone. This is free to you and there is no obligation to hire anyone.
The Kapitalwise form opens here; you stay on this page.
What happens when you press the button
It asks about nine questions: age, investable assets, location; then your name, email and phone number, and verifies the phone by text. Nothing loads and nothing reaches Kapitalwise until you press the button.
Prefer flat-fee or hourly pricing instead? Compare ranges here.
Answer againSources
- Form CRS (Client Relationship Summary) (Effective as of March 31, 2025): https://reports.adviserinfo.sec.gov/crs/crs_104555.pdf
- SEC Investment Adviser Public Disclosure, Strategic Advisers LLC (CRD #104555): https://adviserinfo.sec.gov/firm/summary/104555
- Strategic Advisers LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/104555/PDF/104555.pdf
Methodology. This page was built September 18, 2026, quoting directly from Fidelity Wealth Management’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
What does it actually take to open an account? See Fidelity Wealth Management’s minimum investment, quoted verbatim from its own Form ADV Part 2A / wrap-fee brochure.
Comparing Fidelity Wealth Management against other options? See Fidelity Wealth Management alternatives, including a lower-fee full-service firm, a flat-fee route, and a robo/hybrid.
Weighing whether to move ahead? Read the full Fidelity Wealth Management review, including its fiduciary status and what it costs to leave.