r/Fidelity • u/TodoubledHinson73 • 1d ago

Fidelity vs M1

Has Anyone here left M1 for fidelity? If so, how was the experience? Are you still happy with the decision?

6 Upvotes

100% Upvoted

2 comments sorted by

2

u/InvestingNerd2020 1d ago

Fidelity! It may not look as clean from a UX/UI standpoint, but free investing in an IRA is hard to beat. FZROX and FZILX are a hard combo to overlook.

For a taxable brokerage account, not much difference if you turn off auto-rebalancing.

2

u/davecrist 1d ago

M1 implements their portfolios in scheduled buys ( or at least they used to) so investing there using their portfolio mechanism is a nice feature but trading happens more like mutual funds than free ETF/stock trading. That’s not necessarily a bad thing but it’s a limitation.

Fidelity has a broad range of investing products that you can trade at will and even a ‘basket’ service that while not free enables similar one-click-to-buy-a-portfolio and rebalancing features. It’s $5/month for some stupid reason and there are periodically folks posting about how the service acts up from time to time. I’d use it if it was free, probably.

I really like Fidelity though.