Guides › Financial Advisor Fees
Updated September 19, 2026. Quick answer: Fidelity Wealth Management is less expensive at $500,000: $6,250 a year, versus $12,500 a year for Equitable Advisors, computed from each firm’s own SEC-filed fee disclosure. See the full side-by-side table below for $250,000, $1 million and $2 million.
What each firm charges, side by side
| Account balance | Equitable Advisors (annual fee) | Fidelity Wealth Management (annual fee) |
|---|---|---|
| $250,000 | $6,250 | $3,750 |
| $500,000 | $12,500 | $6,250 |
| $1,000,000 | $25,000 | $11,750 |
| $2,000,000 | $50,000 | $20,750 |
Equitable Advisors discloses a maximum, individually negotiated rate of 2.5% (Equitable Advisors, LLC 2026 Firm Brochure (Form ADV Part 2A), March 2026); Fidelity Wealth Management discloses a tiered schedule starting at 1.50% (capped at $6,250) (Fidelity Wealth Services Form ADV Part 2A Brochure (Strategic Advisers LLC), March 30, 2026).
What the fee includes, in each firm’s own words
Equitable Advisors (Equitable Advisors, LLC 2026 Firm Brochure (Form ADV Part 2A), March 2026): “The Account Fee is customarily negotiable (in whole or in part). Each LPL Program as its own maximum Account Fee; the highest account fee in an LPL Program is 2.5% of the client’s account value on an annualized basis, and is usually payable quarterly in advance.”
Equitable Advisors’ current (March 2026) Form ADV Part 2A explicitly states in its Item 2 material-changes summary that its old advisory fee chart ‘has been removed and language has been added to provide for negotiability of fees.’ No per-tier, per-dollar-bracket schedule is published; clients invest through LPL advisory programs and the brochure states only a ceiling: the highest Account Fee across LPL Programs generally is 2.5% of account value annually (Retirement Plan/ERISA services are capped lower, generally 0.75%). dollar_at values apply this 2.5% ceiling uniformly (250,000 x 0.025 = $6,250; 500,000 x 0.025 = $12,500; 1,000,000 x 0.025 = $25,000; 2,000,000 x 0.025 = $50,000) as the worst-case/maximum figure a client could be charged; actual negotiated rates are typically lower and are not disclosed in bracket form anywhere in the brochure.
Fidelity Wealth Management (Fidelity Wealth Services Form ADV Part 2A Brochure (Strategic Advisers LLC), March 30, 2026): “ANNUAL ADVISORY FEE SCHEDULE FOR PROGRAM ACCOUNTS: Wealth Management and Private Wealth Management. If Average Daily Assets total $500,000 or less: For Average Daily Assets from $0 to $500,000, 1.50% (up to a maximum of $6,250). If Average Daily Assets total more than $500,000: For the first $500,000, 1.25%; for the next $500,000, 1.10%; for the next $1,000,000, 0.90%.”
This is the Gross Advisory Fee; Fidelity applies a Credit Amount that can lower the Net Advisory Fee a client actually pays, which is not quantified in the public schedule.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Equitable Advisors runs $12,500 a year and Fidelity Wealth Management runs $6,250 a year: a difference of $6,250 a year at that balance.
Want the full breakdown for either firm on its own? Read the Equitable Advisors fee page or the Fidelity Wealth Management fee page for the complete tier table and source citations.
Thinking about leaving one of these firms instead of pricing what you would pay to stay? See what it costs to leave Equitable Advisors or what it costs to leave Fidelity Wealth Management, or read the general mechanics of switching financial advisors.
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Source: WiserAdvisor’s service descriptionSources
- Equitable Advisors, LLC 2026 Firm Brochure (Form ADV Part 2A) (March 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036195
- SEC Investment Adviser Public Disclosure, Equitable Advisors, LLC (CRD #6627): https://adviserinfo.sec.gov/firm/summary/6627
- Fidelity Wealth Services Form ADV Part 2A Brochure (Strategic Advisers LLC) (March 30, 2026): https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/FWS-program-fundamentals.pdf
- SEC Investment Adviser Public Disclosure, Strategic Advisers LLC (CRD #104555): https://adviserinfo.sec.gov/firm/summary/104555
Methodology. This page was built September 19, 2026, re-pairing figures already archived and independently verified for Equitable Advisors and Fidelity Wealth Management from each firm’s own SEC-filed disclosure; sources linked above. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Weighing whether to move ahead? Read the full Fidelity Wealth Management review, including its fiduciary status and what it costs to leave.