First Fidelity Reserve Reviews: Find More Info Here

  • First Fidelity Reserve is a privately held investment fund company specializing in alternative investments and impact investing.
  • The company is headquartered in New York City and was founded by billionaire investor George Soros.
  • First Fidelity Reserve offers a range of funds and investments, including energy, real estate, and debt, among others.

First Fidelity Reserve is a privately held investment fund company specializing in alternative investments and impact investing. The company is headquartered in New York City and was founded by billionaire investor George Soros.
First Fidelity Reserve offers a range of funds and investments, including energy, real estate, and debt, among others.
In this article, we'll cover First Fidelity Reserve reviews based on ratings and news reports.
First Fidelity Reserve Reviews



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First Fidelity Reserve Reviews: An Overview

First Fidelity Reserve is a self-directed account.
The asset minimum is $50,000 for checking accounts, $100,000 for savings accounts, and $250,000 for brokerage accounts.

There is a $1,500 opening deposit for the brokerage account, and a $100 opening deposit for each additional account.

There is a $100 monthly fee for checking accounts, $100 for savings accounts, and $150 for brokerage accounts.

First Fidelity Reserve does not charge a fee to open an account.

First Fidelity Reserve offers financial tools and education on its website to help customers manage their assets.

First Fidelity Reserve is FDIC insured.

First Fidelity Reserve does not provide a checking account.

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First Fidelity Reserve only offers online banking.

First Fidelity Reserve does not offer mobile banking.

First Fidelity Reserve does not offer bill pay.

First Fidelity Reserve does not offer check reordering.

First Fidelity Reserve does not offer account transfers.

First Fidelity Reserve does not offer overdraft protection.

Available Investment Options

First Fidelity Reserve offers four investment options:
1-year CD: A one-year CD at 3.40% interest.

3-year CD: A three-year CD at 3.40% interest.

5-year CD: A five-year CD at 3.40% interest.

7-year CD: A seven-year CD at 3.40% interest.

first fidelity reserve reviews

First Fidelity Reserve Pros

• Most affordable option for those with less than $500,000 to invest.
• Has no minimums, high maximums, no monthly or annual fees, and no loads.
• Has no restrictions on withdrawals or redemptions, and there are no penalties or surrender charges on early withdrawals.
• Offers competitive rates on deposits.

First Fidelity Reserve Cons
• Does not offer an IRA, 401(k), or Roth accounts.
• Has a $500,000 minimum for self-directed accounts.
• Account holders cannot own mutual funds.
• Account holders are not insured by the SIPC
• Account holders cannot own precious metals.
• Account holders must conduct all trading on the firm's proprietary platform.
• Account holders must use the First Fidelity Reserve brokerage account to access their funds.
• Account holders must use the First Fidelity Reserve brokerage account to access their funds.
• Account holders cannot receive FDIC insurance on their accounts.
• Account holders pay a $100 inactivity fee if they do not make any trades for 12 months.
• Account holders pay a $10 fee to close their account within 30 days.
• Account holders pay a $50 fee to close their account after 30 days.
• Account holders do not have access to the First Fidelity Reserve platform or brokerage account outside of the official app.
• Account holders cannot access their funds through third-party apps or brokerage firms.
First Fidelity Reserve

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How Are Fidelity Investments Managed?

Fidelity's management team has decades of experience, so it's no surprise that the company manages $2.2 trillion in assets. The leadership team includes:
Abigail P. Johnson, chairwoman

John H. Bogle, founder

James M. Baker, chairman and CEO

Peter J. Flynn, president

Robert L. Reynolds, vice chairman, president

David M. Gottesman, executive vice president and chief investment officer

Which Investment Options Are Available on Fidelity Reserve?

Fidelity Reserve offers three investment options:
Active Portfolios: The active portfolios are actively managed, and each portfolio has a different objective. For example, one portfolio seeks to maximize total return, while another seeks to maximize income. The active portfolios are rebalanced monthly.

Tactical Portfolios: The tactical portfolios are not actively managed but have a defined asset allocation. Each tactical portfolio has a specific objective, such as maximizing total return or income. The tactical portfolios are rebalanced quarterly.

Model Portfolios: The model is a collection of asset allocations. These portfolios do not actively manage assets but seek to match the asset allocations that the portfolio managers follow in their model portfolios.