What is Fidelity Spire and what does it Do?

Fidelity Spire is a free investment app that is part of Fidelity Investments.

The app was launched in July 2020 and helps people to manage their money and stay on top of their investments.

The spire app allows users to set goals and track progress, get personalized recommendations, and more.

You can trade, learn, and keep track of your savings goals all within the same platform with Fidelity Spire.

How to start investing with Fidelity Spire?

Setting up Fidelity Spire does not require you to pay any fees, however, the accounts that you set up inside the app may have costs associated with them.

There are four primary uses for the Fidelity Spire:

Goal planning: You may use Fidelity Spire to plan for the future such as your retirement and other events and monitor your progress toward achieving those objectives.

Learning: Spire free app contains a collection of articles and instructional aids with the purpose of assisting users in becoming better stewards of their own finances.

You may improve your financial literacy in addition to planning out your future and monitoring your progress toward those objectives.

You may also search for articles according to the kind of financial objective you have.
These short pieces are derived from some of the most prominent financial publications from Fidelity.

Prioritizing: Users may see how their regular contributions to their goals alter their timeframes with the help of Fidelity Spire’s choice tool.

At this time, the program only supports comparing two targets simultaneously. Also, the calculator makes it easy to see whether you have any extra funds after paying all your monthly bills.

Those with extra money may obtain advice on how to best invest it via Fidelity Spire.

Trading: Buying stocks, exchange-traded funds, and mutual funds is all possible with this free investment app.

Who can use the Fidelity Spire app?

Anyone can use the free app, in fact, you don’t need to become a Fidelity customer in order to utilize Spire.

You are able to join your non-Fidelity accounts and keep track of your objectives, but the app was designed to be used with your Fidelity accounts since that is the way it functions most effectively.

For instance, if you want to monitor your short-term objectives, you might register a Fidelity Cash Management Account, and if you want to monitor your long-term goals, you could open a Fidelity Go robo-advisor account.

Is Fidelity Spire the same as Fidelity?

The online brokerage firm Fidelity offers a wider variety of financial services and products than its competitors.

These include self-directed accounts, automated investments, retirement accounts, custodial accounts, and many more.

You will still be able to use some of Fidelity’s services even after you have switched to Fidelity Spire since it is tied to Fidelity.

You simply won’t have access to each and every one of the items that Fidelity has to offer.

On the other side, Fidelity Spire is a mobile application that is maintained by Fidelity and takes a comprehensive approach to assist users in the process of wealth accumulation.

The application enables trading, and it also provides a library and a number of tools that are designed to assist you in better managing your personal money.

Final word

The Fidelity Spire is ideal for current Fidelity customers as well as other potential users who wish to trade and invest their money.

Spire also provides a decision-making tool that assists you in prioritizing your investment and savings objectives; hence, it is an excellent choice for anyone who would want to add a little more structure to their financial situation.

In addition to this, it provides a number of different account choices, and it can be downloaded on both iOS and Android devices.

You may invest in stocks, mutual funds, and exchange-traded funds (ETFs) using this app, and it is completely free to use.

References
https://www.businesswire.com/news/home/20200729005101/en/Fidelity-Launches-Fidelity-Spire-%E2%80%93-Free-Innovative
https://www.investmentnews.com/fidelity-spire-free-mobile-app-trades-204554

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