money August 8, 2025 Rep: 895

What advantages do Fidelity brokerage accounts have over their Cash Management Account, now that the CMA can elect SPAXX as a core position?

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August 8, 2025 Score: 1 Rep: 3,335 Quality: Low Completeness: 10%

If the only thing you want to invest in is SPAXX, then you no longer need a brokerage account. You would open it to have more flexibility in investment options.

You also don't need a brokerage account to invest in Fidelity mutual funds. They have a separate account type for this.

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What advantages do Fidelity brokerage accounts have over their Cash Management Account, now that the CMA can elect SPAXX as a core position?

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