The mutual fund giant has officially launched its robo. Fidelity Go gives retail investors access to an automated platform that requires them to answer at least seven questions about their risk tolerance and investment objectives, and will be monitored by investment professionals who can give additional assistance.
Fidelity Investments officially entered the U.S. robo-advisor market on Wednesday with the launch of its Fidelity Go platform. Investors with a minimum of US$5,000 can open an account with Fidelity Go. To get started, investors answer a minimum of seven questions based on their goals, current financial situation and risk tolerance. Fidelity then suggests an investment strategy based on their answers. Portfolios held in retirement and taxable accounts consist of Fidelity index funds, although taxable accounts may also include BlackRock iShares exchange-traded funds and tax-advantaged municipal bond funds.
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