Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Loading
Tap on the profile icon to edit
your financial details.

Geode Capital Management Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Geode Capital Management is a spin-off from Fidelity Investments, managing the investment behemoth’s index funds as a sub-advisor. It also manages assets for institutional and retail investors. In 2021, the firm was profiled in the Wall Street Journal, with the paper calling it Fidelity's "secret weapon."

Fidelity originally set up Geode Capital to run systematic long/short equity strategies and incubate new strategies. The larger firm sold its ownership stake two years later, in 2003, possibly to avoid the potential conflict of Geode’s shorting stocks held by Fidelity’s mutual funds.

Geode Capital Management Background

Fidelity employees started Geode Capital in 2001. Employees and board directors currently own the firm through a holding company called Geode Capital Holdings, LLC. Bob Minicus, who joined the firm in 2021 , serves as president and CEO.

Though the firm is now separate from Fidelity, it’s still located near the giant’s headquarters on Summer Street in Boston. Geode employs more than 50 advisors.

Geode Capital Management Client Types and Minimum Account Sizes

Geode Capital serves investment companies, pooled investment vehicles, pension and profit-sharing plans, sovereign wealth funds, corporations, government entities and charitable organizations. It also counts U.S. residents who are and aren’t high-net-worth individuals as clients.

As a sub-advisor to funds, Geode leaves minimums to the intermediary advisors. It does not publish its account requirements for separately managed accounts, offshore investment trusts or other accounts.

Services Offered by Geode Capital Management

Geode Capital describes itself as “a process-driven asset manager providing global investment solutions across multiple asset classes.” It primarily acts as sub-advisor to registered funds sponsored by Fidelity Investments and to affiliates National Financial Services and Fidelity Brokerage Services. Through the Fidelity Automated Managed Platform (AMP), Geode provides digital advice and discretionary investment services. 

Geode Capital Management Investing Philosophy

Geode Capital says that it seeks to capture systematic sources of return by “emphasizing a repeatable, risk-managed and collaborative investment process.” For AMP clients, that means allocating assets in mostly passive investment vehicles (mutual funds and exchange-traded funds (ETFs)) that have lower than average net expense ratios. 

In pursuit of both alpha generation and beta exposure, the firm’s strategies include:

  • Equity indexes
  • Options
  • Quantitative active equity
  • Commodities
  • Multi-asset classes

Fees Under Geode Capital Management

AMP clients are charged an asset-based management fee, of which 0.05% is Geode’s sub-advisory fee. Geode also has an agreement with Fidelity that it will receive an annual minimum fee. The firm doesn’t publish its fees for other kinds of accounts.

What to Watch Out For

Geode Capital Management has no regulatory or legal disclosures present on its SEC-filed Form ADV.

Opening an Account With Geode Capital Management

To contact Geode Capital, call (800) 777-6757 or email investments@geodecapital.com.

All information was accurate as of the writing of this article. 

Tips for Finding a Financial Advisor 

  • Personalize your search. Try using SmartAsset’s free financial advisor matching tool to be put in touch with up to three financial advisors in your area. Get started now.
  • Ask how advisor candidates get paid. Those whose only compensation is the fees they collect from you will likely have fewer conflicts of interests than those who also receive commissions. That said, if any advisors say they are fiduciaries, that means they will work in your best interests.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research