Guides › Financial Advisor Fees
Updated September 25, 2026. Quick answer: Fidelity Wealth Management is a registered investment adviser. Per its own current fee brochure, a $500,000 account would run $6,250 a year under its published fee schedule; the minimum to open an account is $50,000 for Wealth Management. Already a client and thinking about leaving? Budget $0.00 outgoing account transfer. Is it a fiduciary? Yes, as a registered investment adviser, on the advisory services this page covers.
Fidelity Wealth Management at a glance
| Fact | What Fidelity Wealth Management’s own pages say |
|---|---|
| Legal entity | Strategic Advisers LLC |
| Registration | Strategic Advisers LLC (“Strategic Advisers”) is a registered investment adviser with the U.S. Securities and Exchange Commission. |
| Fee on a $500,000 account | $6,250 a year, per its own current brochure |
| Minimum to open an account | $50,000 for Wealth Management |
| Cost to leave (exit fee) | $0.00 outgoing account transfer |
What Fidelity Wealth Management’s own fee schedule charges
“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.
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,750 |
| $500,000 | $6,250 |
| $1,000,000 | $11,750 |
| $2,000,000 | $20,750 |
See the full breakdown, including how the figure is calculated, on Fidelity Wealth Management’s own fee page.
Is Fidelity Wealth Management a fiduciary?
Strategic Advisers LLC (“Strategic Advisers”) is a registered investment adviser with the U.S. Securities and Exchange Commission.
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
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.
Full detail, including the exact registration type and source: Fidelity Wealth Management’s fiduciary status, explained.
The minimum to open an account
“The Program’s minimum investment starts at $50,000 per Program Account.”
$50,000 for Wealth Management. See the full minimum-investment breakdown, including what that minimum would cost per year, on Fidelity Wealth Management’s minimum investment page.
What it costs to leave
Fidelity charges nothing extra to leave: its own pricing page lists “Account transfer out” at $0, and a separate customer-service page confirms Fidelity does not charge to move assets away, though the receiving firm may still bill you.
Full mechanics, sources, and the ACATS transfer process: how to leave Fidelity Wealth Management.
What we would compare it against
Before you decide, run the numbers against another firm using the financial advisor fee comparison, or price the dollar cost of any percentage fee over time with the Financial Advisor Fee Calculator and the Fee Drag Calculator.
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Source: WiserAdvisor’s service descriptionSources
- 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
- 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 25, 2026, drawing directly on Fidelity Wealth Management’s own current fee brochure and Form CRS, both linked above, plus this site’s own already-published fiduciary and minimum-investment pages for the same firm, each independently sourced when it was built. 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 Fidelity Wealth Management’s own Form ADV Part 2A and Form CRS. We have not used Fidelity Wealth Management as a client. Fidelity Wealth Management did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.