"For someone unfamiliar with Fidelity or even the term wealth management, I would describe wealth management as a collection of services (particularly for higher net worth individuals) that includes financial planning, portfolio management, retirement, estate planning, and investment guidance. Of course, Fidelity is more than just wealth management services. You're well known for your brokerage platform that allows individuals to trade with low fees. Traditionally, Fidelity has been known for its family of mutual funds, which many investors buy to have a well-diversified portfolio. And finally, Fidelity provides financial advising to clients, whether individuals or institutions."