Fidelity Investments

A brief overview of Fidelity and their Partnership with Valeo

An Experienced, Reputable Firm Helping to Protect Your Assets and Privacy
For more than 70 years, Fidelity has built a reputation of integrity and financial management expertise. As a leader in the financial services industry, Fidelity has a thorough understanding of the products and services we need to help best serve you and how to deliver them to you in the most efficient and convenient ways.

Long-Term Vision with You in Mind
Because the firm is privately owned, Fidelity is able to make decisions based on long-term benefits — not short-term gains — for the investors it serves. Combined with its strength, scale, and diverse set of businesses, Fidelity strives to provide the best possible experience for all its customers and continuously drive improvement. For example, Fidelity has a history of reinvesting a large portion of its profits in technology and services, which may help enhance the solutions we offer you.

Additional Protection for Your Investments
Fidelity has arranged for insurance protection beyond the coverage through the Securities Investor Protection Corporation (SIPC). While your assets are covered by SIPC up to $500,000, including cash claims limited to $250,000, Fidelity provides supplemental protection for your account over and above this SIPC coverage.

Read Fidelity’s full brochure here, and more about Fidelity’s account safeguards here.

Transaction Fees and Expenses

Valeo regularly negotiates transaction pricing on behalf of our clients. The below is current as of 7/30/2020, covers the most common transaction fees our clients pay to custodians, and is intended to highlight the key differences between your Schwab and Fidelity pricing.  The table also assumes your Valeo advisor is entering the transaction through the custodian’s institutional portal. Please contact your advisor or our operations team if you have any specific questions.

Schwab Fidelity
Stocks and ETFs $0 $0
Mutual Funds $15 $10
Options $4.95 + $0.65/contract $4.95 + $0.65/contract
Margin 6.5% + 0.075 – 1.825%
depending on the balance
Prime Broker/Trade Away $25 $0
Wire Fees $0 $0

If you do not transition to Fidelity, you will be subject to Schwab’s Retail Pricing. Mutual Funds and EFTs have embedded expense ratios unique to the fund manager and are the same regardless of custodian. Valeo does NOT receive any portion of any fees mentioned above; 100% of our compensation comes from the quarterly fees paid by our clients. All of our disclosures can be found here.

Fidelity Investments’ Cybersecurity Program

Fidelity’s information and information systems are valuable assets and must be protected. The Corporate Information Security Management Policy (CS-001) establishes the required framework for managing the risks to Fidelity of accidental or unauthorized use, disclosure, modification, or destruction of information, and for protecting the security and integrity of information systems. The policy establishes the basis for programs and governance to manage information security across all business units. It applies to Fidelity management and Information Security personnel, enabling them to establish additional workplace information policies to support the enterprise information security program.   These additional policies are applicable to all regular full-time, regular part-time and temporary employees of Fidelity Investments.

The key components of Fidelity’s Enterprise Information Security Management program include:

  • An Information Security management process that identifies, analyzes, mitigates, and monitors risks to critical information assets.
  • Enterprise-wide information security training and awareness.
  • Processes to ensure that information systems – whether acquired externally or developed internally – have appropriate information security controls and secure deployment.
  • An integrated process for reporting and managing information security-related incidents.
  • Procedures to manage access to Fidelity’s IT systems.
  • Coordination with other Fidelity technology and enterprise groups (e.g. Human Resources, Compliance, Records Management, Corporate Security, Real Estate, Legal) to support compliance, access control, physical security, operations and human resource security in order to protect Fidelity’s assets.
  • Benchmarks and metrics to evaluate the program’s effectiveness and compliance.

Fidelity’s Chief Information Security Officer (CISO) implements, manages, maintains, and monitors this policy and related policies and standards based on Fidelity’s business activities and related risks as they change and evolve. The CISO establishes the information security and IT risk management governance structure by which Fidelity operates, and each business unit has its own Information Security Officer and dedicated information security staff that support the business in implementing the enterprise-wide security objectives.

Fidelity’s information systems are certified annually and constantly monitored for compliance with the International Standards Organization 27001 standard of information systems management practices.

Learn more about Fidelity security measures and steps they take to protect your account and private information.

  Legal, Privacy and Compliance Documents