Activity assessment fee in Fidelity

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Topic Author
hihillary
Posts: 16
Joined: Thu Jun 18, 2020 12:06 pm

Activity assessment fee in Fidelity

Post by hihillary » Tue Jun 30, 2020 12:19 am

Free commission offer applies to online purchase of ETFs in a Fidelity retail account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).
The quote comes from the first paragraph at the bottom small text from the following link:
https://www.fidelity.com/etfs/overview

I have the idea that the activity assessment fee is a fee from the SEC (Securities Exchange Commission), the group that regulates the stock market. But none of other brokers have info about charging that fee. Vanguard returns nothing when I search for 'activity assessment fee'.

1) is it a fee that only fidelity charges?
2) are there any other hidden fee that fidelity might charge? I find a review for this part: https://www.brokerage-review.com/discou ... nfees.aspx

User avatar
JamesSFO
Posts: 3240
Joined: Thu Apr 26, 2012 10:16 pm

Re: Activity assessment fee in Fidelity

Post by JamesSFO » Tue Jun 30, 2020 12:50 am

99% sure that’s just the standard SEC fees

Topic Author
hihillary
Posts: 16
Joined: Thu Jun 18, 2020 12:06 pm

Re: Activity assessment fee in Fidelity

Post by hihillary » Tue Jun 30, 2020 2:44 am

JamesSFO wrote:
Tue Jun 30, 2020 12:50 am
99% sure that’s just the standard SEC fees
Yes it is. But why other brokers don't have, or at lease list it out? Do they also charge SEC fees?

mgensler
Posts: 128
Joined: Sun Aug 20, 2017 9:17 pm

Re: Activity assessment fee in Fidelity

Post by mgensler » Tue Jun 30, 2020 6:59 am

I can confirm that both Schwab and Fidelity charge this fee. Not sure where Schwab lists it on their site but it's clearly there when you go to sell.

User avatar
indexfundfan
Posts: 2960
Joined: Tue Feb 20, 2007 11:21 am
Contact:

Re: Activity assessment fee in Fidelity

Post by indexfundfan » Tue Jun 30, 2020 7:13 am

Yes, they all have this SEC fee. This fee only applies when you sell stocks or ETFs. It does not apply for purchases.
My signature has been deleted.

informal guide
Posts: 339
Joined: Mon Aug 29, 2016 10:26 am

Re: Activity assessment fee in Fidelity

Post by informal guide » Tue Jun 30, 2020 7:23 am

Vanguard Brokerage assesses it on sales as well -- the fee is very small!

benway
Posts: 74
Joined: Thu Jun 30, 2011 5:17 pm

Re: Activity assessment fee in Fidelity

Post by benway » Tue Jun 30, 2020 7:24 am

I just spoke with Fidelity about this the other day. It is the SEC fee and is currently $22.10 per million.

https://www.sec.gov/news/press-release/2020-7

mervinj7
Posts: 1450
Joined: Thu Mar 27, 2014 3:10 pm

Re: Activity assessment fee in Fidelity

Post by mervinj7 » Tue Jun 30, 2020 7:35 am

hihillary wrote:
Tue Jun 30, 2020 2:44 am
JamesSFO wrote:
Tue Jun 30, 2020 12:50 am
99% sure that’s just the standard SEC fees
Yes it is. But why other brokers don't have, or at lease list it out? Do they also charge SEC fees?
Here's the SEC filing on the securities fee. $20.70/$1 M. Edit: outdated. See above post.

https://www.sec.gov/news/press-release/ ... ransaction.

As far as why you can't see the fee on the Vanguard website, you should just call and ask them. Here's a previous post discussing this issue:

viewtopic.php?t=268673

User avatar
BroIceCream
Posts: 210
Joined: Tue Oct 30, 2018 11:31 pm
Location: California

Re: Activity assessment fee in Fidelity

Post by BroIceCream » Tue Jun 30, 2020 12:52 pm

I've also seen this fee at E-Trade, and Fidelity. Standard stuff.

jrbdmb
Posts: 517
Joined: Tue Oct 06, 2015 4:27 pm

Re: Activity assessment fee in Fidelity

Post by jrbdmb » Tue Jun 30, 2020 1:03 pm

Merrill Edge also has this fee when selling stocks / ETFs. It is listed on the trade confirmation screen.

Example from a sale I set up but did not execute just now:
  • As of 06/30/2020 02:01 PM ET
    Estimated Order Amount $930.50
    Estimated Commission $0.00
    Estimated SEC Fee $0.02
    Estimated Total $930.48

Post Reply