Personal Finance (Not Investing) • Fidelity as a one stop shop

In the wiki on Fidelity as a one stop shop is states:

Theoretical security concerns involve unauthorized access to the CMA account by debit card or checks/ACH, and the risk that the CMA and a linked investment account can be drained of funds. A common suggestion is to have a separate, unlinked investment account to hold the investment portfolio, with no mingling of investment capital and the money used for expenses/banking.

What does it mean to have "unlinked" investment accounts? This question has come up previously, but not been clearly answered. Are two brokerage accounts under the same login at Fidelity "linked"?

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Also, in a separate thread comparing banking at Schwab and Fidelity I saw this claim:

- Fidelity is notorious for closing accounts without any warning and giving very vague, opaque directions to regain access

See: viewtopic.php?p=7186767#p7186767

Is this really an issue? That sounds crazy.

Statistics: Posted by cb474 — Wed May 29, 2024 12:26 am — Replies 6490 — Views 1267850

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