Fidelity Investments is one of the largest and most respected financial services firms in the United States, providing a wide range of investment and financial planning services. With branches throughout Illinois, Fidelity serves individual investors, businesses, and institutions, helping them meet their financial goals through a variety of products such as retirement plans, brokerage services, wealth management, and more.
Overview of Fidelity Investments
Founded in 1946, Fidelity has grown into a global leader in financial services, known for its innovation, extensive research, and customer-centric approach. The firm offers an array of financial products, including mutual funds, ETFs, retirement plans (such as 401(k) and IRAs), investment advisory services, and trading platforms for both novice and seasoned investors.
Fidelity’s Presence in Illinois
Fidelity Investments has numerous branches across Illinois, including major cities such as Chicago, Naperville, Oak Brook, and Schaumburg. These branches offer in-person consultations, workshops, and seminars for individuals and businesses looking to enhance their financial strategies.
Products and Services Offered
Fidelity Investments provides a comprehensive suite of financial services:
- Retirement Planning: 401(k) plans, IRAs, Roth IRAs, and retirement planning tools to help individuals save for the future.
- Brokerage Services: Self-directed trading accounts for stocks, bonds, ETFs, mutual funds, and more.
- Wealth Management: Personalized advisory services for high-net-worth individuals seeking portfolio management, estate planning, and tax-efficient investment strategies.
- College Savings: 529 College Savings Plans for families preparing for educational expenses.
- Insurance: Fidelity offers life, health, and long-term care insurance to protect families and individuals.
- Online Trading Platforms: Fidelity provides user-friendly online and mobile platforms for self-directed traders who want to invest independently.
Frequently Asked Questions (FAQ)
1. What types of accounts can I open with Fidelity Investments?
Fidelity offers a variety of accounts, including individual brokerage accounts, retirement accounts (Traditional IRA, Roth IRA, 401(k)), custodial accounts, and college savings plans (529 plans).
2. How do I transfer my existing investments to Fidelity?
You can transfer your accounts from other brokerages to Fidelity through a process called an “account transfer” or Automated Customer Account Transfer Service (ACATS). This process typically takes 5-7 business days, depending on the assets being transferred.
3. Does Fidelity provide financial advisors?
Yes, Fidelity offers both self-directed investing options as well as managed accounts, where professional financial advisors provide personalized guidance based on your financial goals.
4. Are there fees for opening an account with Fidelity?
Fidelity does not charge fees for opening most brokerage or retirement accounts. However, fees may apply for specific services, such as advisory services or certain mutual fund transactions. Fidelity has also eliminated commission fees on online U.S. stock, ETF, and options trades.
5. Can I access my Fidelity accounts online or via a mobile app?
Yes, Fidelity offers a robust online platform and mobile app where you can manage your accounts, trade, research investments, and check your portfolio’s performance.
6. How does Fidelity protect my investments?
Fidelity is a member of the SIPC (Securities Investor Protection Corporation), which protects customers if a brokerage firm fails, covering up to $500,000 in securities. Additionally, Fidelity employs advanced security measures like encryption, two-factor authentication, and monitoring to keep your accounts safe.
7. Does Fidelity offer any educational resources for beginners?
Fidelity provides extensive educational resources, including articles, videos, webinars, and in-person seminars, to help new investors learn about investing, retirement planning, and financial markets.
Contact Information for Fidelity Investments in Illinois
For those in Illinois who want to learn more about Fidelity’s products or services, or for personalized investment advice, you can visit a local branch or contact Fidelity directly.
Fidelity Investments Illinois Locations
- Chicago Office:
Address: 401 N Michigan Ave, Suite 101, Chicago, IL 60611
Phone: (800) 343-3548 - Naperville Office:
Address: 55 Shuman Blvd, Suite 100, Naperville, IL 60563
Phone: (630) 753-7800 - Oak Brook Office:
Address: 1211 W 22nd St, Suite 306, Oak Brook, IL 60523
Phone: (800) 544-0132 - Schaumburg Office:
Address: 1475 Woodfield Rd, Suite 300, Schaumburg, IL 60173
Phone: (800) 544-0127
Conclusion
Fidelity Investments provides Illinois residents with comprehensive financial solutions tailored to meet a wide range of investment needs. With its wealth of resources, personalized advisory services, and commitment to innovation, Fidelity remains a top choice for both individual and institutional investors. Whether you are just beginning your investment journey or seeking sophisticated wealth management services, Fidelity offers the tools and support necessary to achieve long-term financial success.
