Are you ready to bring all your financial puzzle pieces together in one clear picture? Excellent! Linking your Fidelity Investments to Rocket Money is a fantastic step towards getting a holistic view of your financial landscape. This comprehensive guide will walk you through every detail, ensuring a smooth and successful connection. Let's dive in!
How to Add Fidelity Investments to Rocket Money: A Step-by-Step Guide
Integrating your investment accounts with a budgeting app like Rocket Money allows you to see your net worth, track your investments alongside your spending and savings, and make more informed financial decisions. Fidelity is a major investment platform, and Rocket Money strives to support a wide range of financial institutions.
Step 1: Prepare for the Connection - Your Fidelity Credentials
Before you even open the Rocket Money app, let's ensure you have everything you need. This might sound obvious, but sometimes the simplest steps are the most overlooked!
Sub-heading: Gathering Your Fidelity Login Information
Fidelity Username: Make sure you know the exact username you use to log in to your Fidelity Investments account online. Double-check for any typos!
Fidelity Password: Have your password readily available. If you use a password manager, this is a great time to access it. If you're unsure, it might be a good idea to log in to Fidelity.com directly before attempting to connect with Rocket Money to verify your credentials. This can save you a lot of troubleshooting later.
Multi-Factor Authentication (MFA) Preparedness: Fidelity, like many financial institutions, often employs multi-factor authentication (MFA) for security. This means after entering your username and password, you might be prompted to enter a code sent to your phone or email, or approve a login via an authenticator app. Be ready for this step, as Rocket Money will likely prompt you for it during the connection process.
Step 2: Initiate the Link within the Rocket Money App
Now that you're prepared, let's open up Rocket Money and get started!
Sub-heading: Navigating to the Account Linking Section
Open the Rocket Money App: Launch the Rocket Money application on your mobile device.
Access Settings: Look for the ⚙️ (Settings icon). This is typically located in the upper left corner of the app interface. Tap on it.
Select Linked Accounts: Within the Settings menu, you'll find an option for Linked Accounts . Tap on this to proceed.
Add a New Institution: On the "Linked Accounts" screen, you'll see an option to Link a new institution (on the app) or + Add institution (on the web version). Tap this to begin the search for Fidelity.
Step 3: Search for Fidelity Investments
This is where you tell Rocket Money which institution you want to connect.
Sub-heading: Finding Fidelity in the Search Bar
Enter "Fidelity" in the Search Bar: A search bar will appear. Type "Fidelity" into this bar.
Select Fidelity when it Appears: As you type, Rocket Money will likely auto-suggest "Fidelity" or "Fidelity Investments." Carefully select the correct option when it appears. There might be multiple Fidelity-related entries (e.g., Fidelity NetBenefits for workplace plans), so choose the one that corresponds to your general investment accounts. Often, "Fidelity" or "Fidelity Investments & Retirement" is the correct choice.
Step 4: Enter Your Fidelity Login Credentials
This is the crucial step where you provide Rocket Money with your login details for Fidelity.
Sub-heading: Securely Providing Your Information
Input Your Fidelity Username: In the designated field, accurately type your Fidelity username.
Input Your Fidelity Password: Enter your Fidelity password in the corresponding field.
Address Multi-Factor Authentication (if prompted): If Fidelity requires MFA, Rocket Money will present a prompt for the code or approval. Follow the on-screen instructions to complete this verification. Do not skip this step, as it's essential for a secure connection.
Step 5: Authorize and Confirm the Connection
Once your credentials are accepted, Rocket Money will attempt to establish a secure link with Fidelity.
Sub-heading: Reviewing and Finalizing the Link
Review Accounts (if applicable): In some cases, Rocket Money might show you a list of your Fidelity accounts (e.g., brokerage, IRA, 401k if applicable) and ask you to select which ones you want to link. Choose all the accounts you wish to track within Rocket Money.
Confirm Connection: After selecting your accounts (or if no selection is needed), Rocket Money will confirm that the connection process has begun. You might see a message indicating that data is being imported.
Patience is a Virtue: It can take some time for Rocket Money to import all of your transaction and balance data from Fidelity, especially for the initial sync. Allow 24-48 hours for all your data to fully populate and reflect accurately in the app.
Step 6: Verify Your Fidelity Accounts in Rocket Money
Once the initial sync is complete, it's important to confirm that everything is appearing as expected.
Sub-heading: Checking Your Net Worth and Investment Data
Navigate to Your Dashboard/Net Worth: Return to the main Rocket Money dashboard or the "Net Worth" section.
Check for Fidelity Accounts: You should now see your linked Fidelity accounts listed under your assets.
Review Balances and Transactions: Click into each Fidelity account to ensure the balances are correct and that recent transactions (like contributions, dividends, or trades) are being imported. Keep in mind that investment accounts typically have fewer "transactions" in the traditional sense compared to checking or savings accounts, as the focus is on holdings and performance.
Troubleshooting Common Issues
While the process is generally straightforward, you might encounter a hiccup or two. Don't worry, here are some common issues and how to address them:
"I can't find Fidelity in the search!": Double-check your spelling. If it's still not appearing, try searching for "Fidelity Investments" specifically. If all else fails, Rocket Money has a help center that can provide a list of supported institutions.
"My login isn't working!": The most common culprit is incorrect credentials. Go directly to Fidelity.com and try logging in there. If you can't log in to Fidelity's website, reset your password with Fidelity and then try connecting in Rocket Money again.
"My accounts aren't updating!": Sometimes, connections can temporarily drop or have issues.
Manual Refresh: Many financial apps allow you to manually refresh an account connection. Look for a refresh icon (often a circular arrow) next to your Fidelity account in Rocket Money and tap it.
Re-link Account: If a refresh doesn't work, you might need to unlink and then re-link your Fidelity account in Rocket Money. Be cautious with this, as it might re-import data and potentially create duplicates if not handled carefully.
MFA Issues: Fidelity, like Vanguard, is sometimes known to block updates or new connections during peak hours (e.g., 9 AM - 5 PM Eastern Time) or if MFA is constantly being triggered. Try connecting during off-peak hours if you face persistent issues.
Contact Rocket Money Support: If the problem persists, reach out to Rocket Money's customer support. They can investigate connectivity issues with specific institutions.
Frequently Asked Questions (FAQs)
Here are 10 related FAQ questions to help you further!
How to Check if Fidelity is Supported by Rocket Money?
Rocket Money generally supports major financial institutions like Fidelity. The easiest way to confirm is to start the linking process within the app (Step 2) and search for "Fidelity." If it appears in the search results, it's supported.
How to Resolve "Expired Token" Errors when Connecting Fidelity to Rocket Money?
An "expired token" error often means the secure connection between Rocket Money and Fidelity needs to be refreshed. Try manually refreshing the account within Rocket Money. If that doesn't work, you might need to disconnect your Fidelity account from Rocket Money and then re-link it entirely.
How to Update My Fidelity Account Information in Rocket Money if it Changes?
If your Fidelity login credentials or security settings change, Rocket Money will likely prompt you to re-authenticate or update your information. Follow the prompts within the app to re-enter your new credentials.
How to Manually Add Investment Accounts to Rocket Money if Auto-Linking Fails?
Rocket Money offers a manual asset tracking feature, particularly for Premium users. You can navigate to the "Net Worth" tab, then "Assets," and look for an option to "+ Add Asset" or "+ Add Debt" manually. This allows you to input the current value of your Fidelity accounts, though it won't automatically update with transactions.
How to Understand Investment Performance within Rocket Money?
Rocket Money's primary focus is on budgeting and net worth. While it will show your Fidelity account balances, it might not provide in-depth investment performance analytics like gain/loss percentages on individual holdings. For detailed investment analysis, you'll still need to log into your Fidelity account directly.
How to Troubleshoot Inaccurate Balances for Fidelity in Rocket Money?
Inaccurate balances can occur due to delayed syncing or connection issues. First, try a manual refresh within Rocket Money for your Fidelity accounts. If the discrepancy persists, confirm the balance directly on Fidelity.com. If there's a significant and consistent difference, contact Rocket Money support.
How to Disconnect Fidelity Investments from Rocket Money?
To disconnect a linked account, go to the "Settings" icon (⚙️) in Rocket Money, then "Linked Accounts ." Find your Fidelity account in the list, tap on it, and there should be an option to "Disconnect" or "Remove Account."
How to Categorize Investment Transactions in Rocket Money?
Rocket Money automatically categorizes many transactions. For investment accounts, you'll primarily see inflows (contributions, dividends) and outflows (withdrawals, trades). You can manually adjust categories if needed, but the focus is often on the overall balance rather than granular transaction categorization for investments.
How to Track Specific Holdings within My Fidelity Account in Rocket Money?
Rocket Money typically provides a summary of your overall investment account balance. It generally does not break down your portfolio into individual stock or fund holdings within the app. For detailed holding information, you'll need to use your Fidelity account's website or app.
How to Get Support if I Can't Connect Fidelity to Rocket Money?
If you've followed all the steps and still can't connect, or if you're encountering persistent errors, the best course of action is to contact Rocket Money's customer support. They have dedicated teams to assist with connectivity issues and can provide institution-specific troubleshooting.
