Investment platform Fidelity International has launched a new restricted advice service called Fidelity Wealth Management in the UK today after months of preparations.
Initial advice meetings will be free, but charges will be levied on customers for ongoing advice and for any Fidelity services and products they want to use thereafter.
Ongoing advice will cost 0.5 per cent of the total sum invested, while further one-off advice will cost up to 1 per cent of the total sum invested up to a cap of £10,000.
Investment platform Fidelity International has launched a new 'restricted' advice service called Fidelity Wealth Management
The advice can take the form of a single meeting or annual review and be conducted via telephone, video conferencing, or in-person once lockdown restrictions are lifted.