Per FINRA (Financial Industry Regulatory Authority, Inc.) Regulatory Notice 11-02, the security or securities transaction or investment strategy recommended to a customer should match the customer's investment profile. Suitability refers to the characteristics of this portfolio plan or profile, which is established through the analysis of discussions with the primary account holder.
On the Account Cartridge, select the Suitability icon. Suitability is divided into four sections:
Note
The Suitability icon displays only for Fidelity IDA (Individual Directed Account) brokerage accounts. Although these accounts list an advisor, the advisor is prohibited from placing trades for the account.
Assets Held Away
Financial Position
Investment Profile
Review Status
Note
The percentages in this section refer to percentages of the value in the Amount ($USD) field.
| Field | Definition |
|---|---|
| Amount ($USD) | The dollar amount of any other holdings of the primary account holder outside of those in the Fidelity brokerage account. |
| Bonds | The percentage of bonds owned by the primary account holder and held outside of Fidelity. |
| Other | The percentage of any other asset (other than bonds, short term investments, and stocks) owned by the primary account holder and held outside of Fidelity. |
| Short Term | The percentage of short term investments owned by the primary account holder and held outside of Fidelity. |
| Stocks | The percentage of stocks owned by the primary account holder and held outside of Fidelity. |
| Field | Definition |
|---|---|
| # of Dependents | The number of dependents for the primary account holder. |
| Annual Earnings | The gross yearly income before taxes, which includes all sources of income, investments, employment, alimony, and so forth, of all account holders. |
| Approximate Net Worth | The estimate of total assets (excluding primary residence) minus total liabilities (joint accounts indicate the combined value). |
| Federal Tax Bracket | The amount the primary account holder's income is taxed for the payment of federal income tax. |
| Liquid Assets | The amount of liquid investments in the Net Worth of the account. The amount of liquid assets available for investment for a joint account indicates the combined value. Liquid assets include cash, and any securities and assets that can readily be turned into cash. Note
|
| Liquidity Needs for Essential Expenses | The amount of liquid investments required by the primary account holder for essential or day-to-day expenses. |
| Liquidity Needs for Near Term Expenses | The amount of liquid investments required by the primary account holder for near term expenses. |
| Marital Status | The marital status of the primary account holder. |
| Field | Definition |
|---|---|
| Investment Experience | The primary account holder's knowledge of investing, stated in years. |
| Investment Objective | The top ranked investment objective for the account. |
| Investment Purpose | The primary account holder's purpose for the account, such as retirement, home purchase, college. |
| Time Horizon | The amount of time the primary account holder expects to invest funds in the account before withdrawing. This period determines the time that the account holder expects to hold a security or portfolio, and the income needs and stated risk exposure. |
| Field | Definition |
|---|---|
| Additional information provided by customer that could impact recommendation | Displays any comments concerning the account holder and the primary account holder's investment goals. |
| Last Change Date | The date the primary account holder's information was last revised, in MMM-DD-YYYY format. |
| Last Review Date | The date the information was last discussed with the primary account holder, in MMM-DD-YYYY format. |
| Reviewer ID | The user ID of the last person who provided/updated the primary account holder's information. |
| Status | Indicates how the primary account holders information was obtained. |
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