Fidelity Launches Fidelity Spire - Free Innovative Mobile App That Helps Young Adults Achieve Their Money Goals
Fidelity Investments®, a diversified financial services firm with $8.3 trillion that is committed to inspiring better futures for customers of all ages, announces the launch of Fidelity Spire?, a free mobile app that provides a simplified design and an innovative decision-making tool to help young adults achieve their financial goals.
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Fidelity Spire is designed to inspire young adults to stay focused, motivated and informed when making money decisions by enabling users to plan, save and invest more easily for short- and long-term goals. The simple but powerful mobile experience lets users:
"At a time when our relationship with money can feel overwhelming, Fidelity Spire is designed to put young adults in control of their money decisions with a mobile experience that is easy to navigate, convenient, and even fun," said Kelly Lannan, vice president, Young Investors, Fidelity Investments. "Many of our younger customers are strong savers, but they tell us it feels intimidating to start investing. While the app is free, for those ready to take the next step - they can feel reassured that investing can come with professional help at an affordable price."
To thank new users and give them a small jumpstart in reaching their goals, Fidelity is offering $5 sign-up and referral bonuses. Once qualified for a $5 signup bonus, the user is eligible to refer friends to get five additional $5 referral bonuses and earn up to $30 total in bonuses.2
It Matters Where Your Money Is
In keeping with Fidelity Spire's simplicity and value, Fidelity Go is moving to a subscription pricing of $3/month for accounts with a balance of $10,000 to $49,9993. For accounts with a balance of less than $10,000, Fidelity Go will be free of any advisory fees. With this clear approach to pricing, Fidelity continues to eliminate the complexity of investing. Fidelity is the only brokerage firm to offer the combination of zero online commissions for stocks and ETFs trades, zero account fees, zero account minimums to open a retail brokerage account, zero investment minimums, zero expense ratio index mutual funds available directly to retail investors, and fractional share trading for stocks and ETFs.
"I graduated from college during the last recession and especially empathize with recent grads as we know many are struggling," said Lannan. "Fidelity Spire was in development before the COVID-19 pandemic, but today's reality has put a spotlight on the importance of learning, setting goals, investing efficiently and having an easy way to track progress. With Fidelity Spire, we want young investors to feel confident in their money smarts and ultimately live the lives they want."
About Fidelity Investments
*$0.00 commission applies to online U.S. equity trades and Exchange-Traded Funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.
Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Investing in bonds involves risk, including interest rate risk, inflation risk, credit and default risk, call risk, and liquidity risk.
Fidelity now offers the Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO International Index Fund (FZILX), Fidelity ZERO Large Cap Index Fund (FNILX), and Fidelity ZERO Extended Market Index Fund (FZIPX) available to individual retail investors who purchase their shares through a Fidelity brokerage account.
The Fidelity Cash Management Account is a brokerage account designed for spending and cash management. It is not intended to serve as your main account for securities trading.
Your Fidelity Cash Management account will automatically be reimbursed for all ATM fees charged by other institutions while using the Fidelity® Debit Card at any ATM.
Fidelity Go® provides discretionary investment management for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment.
Third-party trademarks appearing herein are the property of their respective owners. All other trademarks are the property of FMR LLC.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
Fidelity Distributors Company, LLC
National Financial Services LLC, Member NYSE, SIPC
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