Summary of User Concerns and Solutions: Main Problem: Users are concerned about the safety and coverage of their assets in light of recent bank failures, particularly regarding the differences between FDIC and SIPC protections. Solution 1: Fidelity provides clarity on FDIC insurance, which protects cash deposits at member banks up to $250,000, and offers an…
Here’s a summary of the main problem and any discussed solutions: Main Problem: The user is seeking clarification on the relationship between Fidelity and UMB regarding Cash Management Accounts (CMA), specifically whether a CMA is an account at Fidelity or at UMB that Fidelity brokers. Solutions Discussed: No specific solutions were mentioned in the post;…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user is unable to link their new Joint WROS account to add funds because it does not appear in the drop-down selection menu during the bank linking process. Possible Cause: The user is questioning whether the issue is due…
Summary of User’s Issue and Solutions: The user is unable to open a Roth IRA due to verification issues with their information after recently turning 18. One suggestion is to wait a few weeks for credit and identity reports to update, as this may resolve the verification problem. Another solution is to contact Fidelity directly,…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user is unclear about the tax implications of withdrawing dividends from a maxed-out Roth IRA and reinvesting them into an individual account. Solution: Earnings from a Roth IRA can be withdrawn tax-free and penalty-free after 5 years and if…
Summary of User Issue and Solutions: The main problem reported by the user is uncertainty about a feature related to dividend management in the mobile app. The current method for managing dividends on the mobile app is through the Virtual Assistant (VA). Here’s the full thread MrConsistentFGC 03/15/2023 at 17:30:41 PDT I could’ve sworn this…
Summary of User’s Issue and Solutions Discussed: The main problem reported by the user is that their son’s dividend payment for Avista shares, due on 3/15/2023, is not showing up in his Fidelity account after transferring from Vanguard. Fidelity explained that the timing of the Transfer of Assets (TOA) likely resulted in the dividend being…
Here’s a summary of the main problem and solutions discussed in the conversation: Main Problem: The user, ShadowFox, is seeking information on how to access Fidelity crypto tax forms. Solution: Fidelity will not provide tax forms for crypto activity until legal reporting requirements are established. Additional Guidance: Users can view their account activity through the…
Summary of User Report and Solutions: The main problem reported by the user is that in the beta view on Fidelity.com, account activity defaults to showing core/sweep transactions, which cannot be permanently turned off as they revert each time the page is viewed. A suggested solution is to provide feedback directly on Fidelity.com by using…
Summary of User Inquiry and Solutions: Main Problem: The user is inquiring about the availability of an automatic investing feature for purchasing a fixed amount of a basket of stocks at the end of their chosen trading period. Solution Discussed: Fidelity’s tech team is working on the Automatic Investment feature within their Fidfolio, which is…
Main Problem: Jim Covert wants to automate the rebalancing of his tax-advantaged retirement account but is currently doing it manually and is looking for a way to set this up automatically. Discussed Solutions: Fidelity offers a product called Fidelity Solo Fidfolios that could help automate the process, though it comes with a cost. Jim expressed…
Summary of the User’s Issue and Solutions Discussed: The main problem reported by the user, Genkidin, is that their trading type is stuck on margin, despite not having a margin account and wanting it set to cash as default. Fidelity representatives indicated that margin is typically the default setting for margin-enabled accounts and asked if…
Here’s a summary of the main problem and the solutions discussed: Main Problem: The user, NO, is having difficulty finding a way to deposit funds into their Fidelity account. Solution: Fidelity accepts various methods for deposits including electronic fund transfers (EFTs), money wires, mobile and paper checks, transfers from other Fidelity accounts, and third-party payment…
Summary of the User’s Issue and Solutions Discussed: The main problem reported by the user, merlin_2345, was receiving a phishing email that impersonated Fidelity, leading to concerns about account security. The user clicked on a link in the email but did not enter any personal information and reported the incident by forwarding the email to…
Here’s a summary of the main problem and solutions discussed in the post: Main Problem: The user, Cheez, is unable to set a Time In Force for a limit order on the mobile trading app, as it only allows “Day” with no option to change it. Initial Suggestions: FidelityMarian suggested checking if the user is…
Summary of User’s Inquiry and Solutions Discussed: The main problem reported by the user is deciding whether to add their 1099 income to their brokerage account and how to manage automatic investments with that income, considering taxes are not withheld. One solution provided is to set up automatic investments within the Fidelity account, either by…
Summary of the user’s issue and solutions discussed: Main Problem: The user is unable to deposit cash into their cash management account via ATM, as attempts at PNC bank were unsuccessful. Solution Provided: Fidelity currently does not accept cash deposits into accounts through ATMs. Additional Suggestion: Fidelity has offered to pass the user’s feedback to…
Summary of User’s Issue and Solutions Discussed: The user is concerned about potentially having a strike or warning related to trading, specifically concerning a Good Faith Violation (GFV) for selling a security before the cash had settled. The support representative explained that the user can check for any account restrictions by logging into Fidelity.com and…
Main Problem: The user is unable to buy call options on MARA due to a “wrong CUSIP” error and is also experiencing discrepancies with their cost basis and settled cash on TELL. Solutions Discussed: The user is advised to contact Fidelity’s Trading team directly over the phone for immediate assistance with their trading issues. For…
Summary: The main problem reported by the user is that a purchase lot is marked as a wash sale, which they dislike for personal reasons. One solution discussed is to sell the purchase lot marked as a wash sale and wait until the wash sale period is over before repurchasing, which would prevent the indicator…