Anonymous
07/23/2025 05:20
Subject: Fidelity SMA
Anonymous wrote:I do it myself inside of a Roth account with no fees and taxes. Tell me how SMA is better for me? I don't even pay taxes or if I do, I get more back. No bank would have figured this out for me or even known it's possible.
I got 100% return last year. I'm at 70% return this year.
They cannot know every customer the way you know yourself and your overall financial picture.
They do not dare to make the buys and sells you can make.
If it is a Roth account, you aren’t paying taxes. There is no reason to do tax loss harvesting. SMA is for taxable brokerage accounts.
Anonymous
07/22/2025 13:16
Subject: Fidelity SMA
I do it myself inside of a Roth account with no fees and taxes. Tell me how SMA is better for me? I don't even pay taxes or if I do, I get more back. No bank would have figured this out for me or even known it's possible.
I got 100% return last year. I'm at 70% return this year.
They cannot know every customer the way you know yourself and your overall financial picture.
They do not dare to make the buys and sells you can make.
I got 100% return last year. I'm at 70% return this year.
They cannot know every customer the way you know yourself and your overall financial picture.
They do not dare to make the buys and sells you can make.
Anonymous
07/22/2025 12:44
Subject: Fidelity SMA
Good discussion here. The future tax issues when you sell appear to be the real problem.
https://www.bogleheads.org/forum/viewtopic.php?t=425182
https://www.bogleheads.org/forum/viewtopic.php?t=425182
Anonymous
07/22/2025 11:53
Subject: Fidelity SMA
The fees are not hand wavy. The tax implications are hand wavy. The dependency of this working without significant volatility is hand wavy. But the fees are clear.
Anonymous
07/22/2025 11:19
Subject: Fidelity SMA
Under the Marketing Act the SEC requires investment management/investment advisors to provide clear explanation of fees.
https://www.schwab.com/pricing
ETFs and mutual funds have management fees. There also may be custodian fees. You need to read carefully all of the information; it's in there. It is a regulated industry and it must be disclosed.
https://www.schwab.com/pricing
ETFs and mutual funds have management fees. There also may be custodian fees. You need to read carefully all of the information; it's in there. It is a regulated industry and it must be disclosed.
Anonymous
07/22/2025 09:05
Subject: Fidelity SMA
Anonymous wrote:NP. Also restarting this thread. The way Fidelity and others actively pitch this approach, I can’t believe there aren’t others on this board who considered an SMA and have lots of opinions or experiences with it. Are SMA’s just not your thing? If so, why?
Our biggest issue is that my spouse has to do a lot of reporting on everything they invest in. This seems like too many trades to report to make it worth it. Plus it sounds like it really is only ideal in highly volatile markets. So right not it looks good. But if markets smooth out in five years, will this be worth it? And if I take my money out, seems like I’m then creating a big taxable event for myself.
I have been asking these questions of the fiduciary, but I get a lot of hand wavy answers.
Hand wavy answers are a red flag ime
Anonymous
07/22/2025 06:58
Subject: Fidelity SMA
NP. Also restarting this thread. The way Fidelity and others actively pitch this approach, I can’t believe there aren’t others on this board who considered an SMA and have lots of opinions or experiences with it. Are SMA’s just not your thing? If so, why?
Our biggest issue is that my spouse has to do a lot of reporting on everything they invest in. This seems like too many trades to report to make it worth it. Plus it sounds like it really is only ideal in highly volatile markets. So right not it looks good. But if markets smooth out in five years, will this be worth it? And if I take my money out, seems like I’m then creating a big taxable event for myself.
I have been asking these questions of the fiduciary, but I get a lot of hand wavy answers.
Our biggest issue is that my spouse has to do a lot of reporting on everything they invest in. This seems like too many trades to report to make it worth it. Plus it sounds like it really is only ideal in highly volatile markets. So right not it looks good. But if markets smooth out in five years, will this be worth it? And if I take my money out, seems like I’m then creating a big taxable event for myself.
I have been asking these questions of the fiduciary, but I get a lot of hand wavy answers.
Anonymous
03/11/2025 15:15
Subject: Re:Fidelity SMA
Restarting this thread.
I think what they mean is that the fee isn't lower than your average index fund, but if you are buying index funds in a brokerage (taxable) account, an SMA will manage for those taxes...thus the overall amount you pay (fee and taxes) is lower (theoretically) in an SMA than an index. But my question is...the fee is a guarantee but not the tax savings...and who has the time to figure out if they really are getting you lower taxes.
Has anyone who follows such things closely done an SMA and been happy with the results?
I think what they mean is that the fee isn't lower than your average index fund, but if you are buying index funds in a brokerage (taxable) account, an SMA will manage for those taxes...thus the overall amount you pay (fee and taxes) is lower (theoretically) in an SMA than an index. But my question is...the fee is a guarantee but not the tax savings...and who has the time to figure out if they really are getting you lower taxes.
Has anyone who follows such things closely done an SMA and been happy with the results?
Anonymous
07/10/2024 12:14
Subject: Fidelity SMA
Anonymous wrote:They aren’t saying it’s free, but lower fees than their index funds.
There’s no reason why an SMA should have lower fees than an index fund so I don’t know if their index fund fees are high or they have a crappy SMA or what
Anonymous
07/10/2024 12:05
Subject: Fidelity SMA
Charles Schwab has something like this and I am also curious about it. They call them managed funds.
Anonymous
07/10/2024 08:39
Subject: Fidelity SMA
They aren’t saying it’s free, but lower fees than their index funds.
Anonymous
07/10/2024 07:45
Subject: Fidelity SMA
There is no free lunch. I’d be sceptical too.
Anonymous
07/10/2024 07:34
Subject: Fidelity SMA
Does anyone use them? They say fees are lower than index funds. I’m skeptical though by nature and don't want to lose a ton of money.