Opening accounts on fidelity
Summary:
- The main problem reported by the user is the desire to know if there is a limit to the number of accounts they can open at Fidelity for managing expenses separately.
- Fidelity confirmed that there are generally no restrictions on opening multiple accounts.
- There are no fees associated with opening or maintaining retail accounts, and no specific balance is required.
- Users can assign unique names to each account for better tracking by following a simple renaming process on their Portfolio Summary page.
- Fidelity provided a link to their FAQ for further information on brokerage accounts.
Here’s the full thread
hello, I see there is an option to open more accounts on fidelity. I would like to make quite a few accounts because I like to manage my expenses in separate accounts. However, I usually keep my trading strategy the same, is there a limit to the amount of accounts I can make?
Probably
Thanks for reaching out to us, @taylorrr 💕. We apologize for the delay in our response and are happy to discuss opening multiple accounts.
There are generally no restrictions on opening multiple accounts at Fidelity. There are no fees to open or maintain retail accounts, nor do we require you to maintain any specific balance. Feel free to check out the FAQ below for more information on Fidelity brokerage accounts.
Trading FAQs About Your Account: https://www.fidelity.com/trading/faqs-about-account
If you do decide to open multiple accounts, you can assign unique names for each of them to help you keep track. Create nicknames for your accounts by logging in and following these steps:
1. From your “Portfolio Summary” page, click “Customize” above the “All Accounts” balance
2. On the popup window, select “Accounts,” then scroll to check the account you want to rename, then click the green “Rename”
3. Rename the account, then check the box of the next account you wish to rename and repeat Step 2
4. Once complete, click the green “Save” button to apply the changes
Please let us know if more questions come up. We’re happy to help where we can! 🟢