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Our Services at a Glance

With a Fidelity managed account, your assets will receive professional money management. This includes a sophisticated approach to risk management techniques, research capabilities, a dedicated team of professionals, and an exclusive client site.

Questions?

800-544-1766

Fidelity Managed Accounts

  Fidelity Portfolio Advisory Service® Fidelity® Personalized Portfolios Breckinridge Intermediate Municipal SMA
Description

A model portfolio of mutual funds managed by institutional money managers at a low minimum investment

A personalized portfolio of stocks, bonds, mutual funds, and exchange-traded funds (ETFs) with exclusive access for eligible investors to Fidelity's only large-cap separately managed account (SMA)

A portfolio constructed primarily of investment-grade municipal bonds1 seeking diversification across sectors, issuers, and maturities
Minimum investment

$50,000

$200,000

$500,000
Costs

Net annual advisory fee:
Between 0.25% and 1.7% of eligible assets invested

Gross annual advisory fee:
Between 0.55% and 1.5% of eligible assets invested2

Gross annual advisory fee:
Between 0.25% and 0.35% of eligible assets invested

Investment holdings

A mix of Fidelity and non-Fidelity stock and bond mutual funds and other investments, as appropriate; exclusive access to Strategic Advisers Funds

A mix of Fidelity and non-Fidelity stocks, bonds, mutual funds, ETFs, and, when appropriate, your investment team may propose the use of  separately managed accounts (SMAs)3

Primarily investment-grade municipal bonds1

A significant portion of the bonds in your portfolio will have an Aaa or Aa credit quality rating from Moody's at the time of purchase and/or an AAA or AA credit quality rating from S&P at the time of purchase.4

Fidelity contacts

Account balance: $250,000+
Account executive and dedicated portfolio specialist

Account balance: $200,000–$250,0005
Dedicated portfolio specialist

Account balance: $50,000–$200,0005
Dedicated members of a client management team

Account executive and dedicated portfolio specialist

Account executive and dedicated portfolio specialist

Trust services

We can provide you with investment management for your trust assets.

Trustee or co-trustee services are available through Fidelity Personalized Portfolios.

Fidelity can serve as trustee or co-trustee with fiduciary administration, recordkeeping and tax preparation.

If you choose to remain trustee yourself or name someone else, we can still provide you with investment management for your trust assets.

We can provide you with investment management for your trust assets.

Trustee or co-trustee services are available through Fidelity Personalized Portfolios.

Investment team Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company Strategic Advisers, Inc., a Fidelity Investments company and Breckinridge Capital Advisors, Inc., both registered investment advisors
Investment strategy Your long-term asset allocation and the investments which make up your portfolio compose your investment strategy. Over time, your investments will be actively monitored and adjusted with the goal of taking advantage of upside market activity, while seeking to minimize downside risk. A portfolio constructed primarily of intermediate-term, investment grade municipal bonds offered for both national and state preference options.
Customized communications An exclusive client website, dedicated phone number, monthly statements, details about the specific trades made in your account, quarterly investment reports, and an annual review
Next steps Call us at 800-544-1766 or complete our online Investor Profile Questionnaire. Call us at 800-544-1766.

Investor Profile Questionnaire

Complete an Investor Profile Questionnaire, and we’ll send you a complimentary investment proposal. You’ll be asked to provide general information about your current financial situation, investment goals, and tolerance for risk.

Your investment proposal will include a long-term asset allocation appropriate for you, an overview of our offering, and information about the professionals who will manage your account.

Begin here

Time needed: Approximately 15 minutes

Feel free to call us and we’ll be happy to walk you through the questionnaire.

Call 800-544-1766, 8 a.m. to 8 p.m. ET, Monday through Friday.

All information is confidential. Learn about our security.

Diversification/asset allocation do not ensure a profit or protect against loss.
Fidelity Portfolio Advisory Service® is a service of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. Fidelity® Personalized Portfolios may be offered through the following Fidelity Investments companies: Strategic Advisers, Inc., Fidelity Personal Trust Company, FSB (“FPT”), a federal savings bank, or Fidelity Management Trust Company (“FMTC”). Non-deposit investment products and trust services offered through FPT and FMTC and their affiliates are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal. These services provide discretionary money management for a fee.
Fidelity® Personalized Portfolios apply tax-sensitive investment management techniques (including tax-loss harvesting) on a limited basis, at its discretion, primarily with respect to determining when assets in a client's account should be bought or sold. As a discretionary investment management service, any assets contributed to an investor's account that the personalized portfolio does not elect to retain may be sold at any time after contribution. An investor may have a gain or loss when assets are sold.
Brokerage services are provided by Fidelity Brokerage Services LLC, 900 Salem Street, Smithfield, RI 02917. Custody and other services provided by National Financial Services LLC. Both are Fidelity Investment companies and members SIPC, NYSE.
Keep in mind, investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
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Get Started

If you are interested in Fidelity Portfolio Advisory Service® or Fidelity® Personalized Portfolios

Complete an Investor Profile Questionnaire below or call us at 800-544-1766 and we'll be happy to walk you through it. After reviewing your investor profile, we'll send you a complimentary investment proposal.

Time needed: Approximately 15 minutes
Fidelity customers (login required)
Fidelity members (login required)
New to Fidelity

If you are interested in a Breckinridge Intermediate Municipal Separately Managed Account

Call us at 800-544-1766 to tell us about your investment objectives. After reviewing your investor profile, we'll send you a complimentary investment proposal, if appropriate.

Keep in mind, investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
All information is confidential. Learn about our security.
Strategic Advisers, Inc., and Breckinridge Capital Advisors, Inc., are independent entities and are not legally affiliated.
Diversification/Asset Allocation does not ensure a profit or guarantee against loss.
Fidelity® Personalized Portfolios apply tax-sensitive investment management techniques (including tax-loss harvesting) on a limited basis, at its discretion, primarily with respect to determining when assets in a client's account should be bought or sold. As a discretionary investment management service, any assets contributed to an investor's account that the personalized portfolio does not elect to retain may be sold at any time after contribution. An investor may have a gain or loss when assets are sold.
Fidelity Portfolio Advisory Service® and Fidelity® Strategic Disciplines are services of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. Fidelity® Personalized Portfolios may be offered through the following Fidelity Investments companies: Strategic Advisers, Inc., a registered investment adviser, Fidelity Personal Trust Company, FSB ("FPTC"), a federal savings bank, or Fidelity Management Trust Company ("FMTC"). Non-deposit investment products and trust services offered through FPTC and FMTC and their affiliates are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal. These services provide discretionary money management for a fee.
Brokerage services provided by Fidelity Brokerage Services LLC. Custody and other services provided by National Financial Services LLC. Both are Fidelity Investments companies and members of NYSE and SIPC.
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1. Investment-grade bonds are rated BBB/Baa or higher by S&P and/or Moody's respectively. Such ratings indicate that a municipal or corporate bond has a relatively low risk of default.
2. Please see the Program Fundamentals for additional information about the advisory fee.
3. Please note that you will be charged an additional fee for any SMAs held in your account. These fees are in addition to the basic advisory fees for Fidelity Personalized Portfolios. Please refer to your Client Agreement for detailed fee information.
4. Pre-refunded and escrowed-to-maturity bonds are also considered eligible for funding and invested by Breckinridge, regardless of credit rating.
5. If your total assets at Fidelity are over $250,000, you will also be assigned an account executive.
Strategic Advisers, Inc., and Breckinridge Capital Advisors, Inc., are independent entities and are not legally affiliated.

Fidelity Portfolio Advisory Service® and Fidelity® Strategic Disciplines are services of Strategic Advisers, Inc., a registered investment adviser and a Fidelity Investments company. Fidelity® Personalized Portfolios may be offered through the following Fidelity Investments companies: Strategic Advisers, Inc., Fidelity Personal Trust Company, FSB ("FPTC"), a federal savings bank, or Fidelity Management Trust Company ("FMTC"). Non-deposit investment products and trust services offered through FPTC and FMTC and their affiliates are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, are not obligations of any bank, and are subject to risk, including possible loss of principal. These services provide discretionary money management for a fee.

Brokerage services are provided by Fidelity Brokerage Services LLC. Custody and other services are provided by National Financial Services LLC. Both are Fidelity Investments companies and Members of NYSE and SIPC.

Keep in mind, investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information.  Read it carefully.

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