I have just created a new club and just created a brokerage account through fidelity for us to trade. I’m trying to connect to bivio via account sync, but it says invalid username/password even though i know the login is correct. I’ve seen info about needing to put in transactions for bivio to know the history of the account, but so far we have no money and no transactions. Does anyone know the next steps for me to take to get account sync running?
Another side question, those who use fidelity, do only authorized individuals have logins to the fidelity account? Or do all members have logins with fidelity?
Jayne Doyle on
Contact Bivio at support@bivio.com for assistance in syncing with Fidelity also check Help area .
In our club all members have access to Fidelity account. That's what Fidelity required.
Good luck, we've been a club for almost 30 years following BetterInvesting principal's
On Thu, May 29, 2025 at 2:21 PM, Joseph DeLaria via bivio.com
<user*41860900001@bivio.com> wrote:
I have just created a new club and just created a brokerage account through fidelity for us to trade. I'm trying to connect to bivio via account sync, but it says invalid username/password even though i know the login is correct. I've seen info about needing to put in transactions for bivio to know the history of the account, but so far we have no money and no transactions. Does anyone know the next steps for me to take to get account sync running?
Another side question, those who use fidelity, do only authorized individuals have logins to the fidelity account? Or do all members have logins with fidelity?
Carole Jansen on
In our club only the 2 members we designated (being the President and the Treasurer in accordance with our legal club documents) have total access and authority to conduct any transactions. Other members may have viewing access, but you should not open up transaction access to your investment club account to all partners or members, just the ones you have given that authority to via your Partnership Agreement or your Bylaws. To do otherwise would probably be in violation of your legal club documents, and also....a nightmare in the making.
I have just created a new club and just created a brokerage account through fidelity for us to trade. I'm trying to connect to bivio via account sync, but it says invalid username/password even though i know the login is correct. I've seen info about needing to put in transactions for bivio to know the history of the account, but so far we have no money and no transactions. Does anyone know the next steps for me to take to get account sync running?
Another side question, those who use fidelity, do only authorized individuals have logins to the fidelity account? Or do all members have logins with fidelity?
Carole Jansen on
One other comment, Fidelity may require all members to sign the Fidelity account formation documents, but they cannot require you to give any member access beyond what you have set forth in your legal documents. So...all members may have access to the account, but I would be surprised if Fidelity required them all to create a login in to the account.....they didn't with us. They only cared about the one or two members who had a level of access to carry out transactions involving the account, buy, sell, transfer stocks, write checks, for example.
In our club only the 2 members we designated (being the President and the Treasurer in accordance with our legal club documents) have total access and authority to conduct any transactions. Other members may have viewing access, but you should not open up transaction access to your investment club account to all partners or members, just the ones you have given that authority to via your Partnership Agreement or your Bylaws. To do otherwise would probably be in violation of your legal club documents, and also....a nightmare in the making.
I have just created a new club and just created a brokerage account through fidelity for us to trade. I'm trying to connect to bivio via account sync, but it says invalid username/password even though i know the login is correct. I've seen info about needing to put in transactions for bivio to know the history of the account, but so far we have no money and no transactions. Does anyone know the next steps for me to take to get account sync running?
Another side question, those who use fidelity, do only authorized individuals have logins to the fidelity account? Or do all members have logins with fidelity?
Michael Boyd on
Note that you can provide the rest of the members with view-only access (Fidelity calls it "Inquiry Only") for the account. This lets members see all activity and the monthly statement for the full club account (NOT their individual share - that is what Bivio is for). We also copy the PDFs of our Fidelity docs to Bivio for those without a Fidelity account.
Fully authorized members (those with full trading authority like your President and Treasurer) can add members with Inquiry Only access from online. Look for the Authorized Users link on the Fidelity Account Management page (https://digital.fidelity.com/ftgw/digital/portfolio/features).
You will need the SSN and persons name as they have on their Fidelity account records, otherwise it will get rejected.
Michael Boyd Treasurer, Salt Pond Investment Club
From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of Carole Jansen via bivio.com Sent: Thursday, May 29, 2025 6:30 PM To: club_cafe@bivio.com Subject: Re: [club_cafe] New club account sync - fidelity
One other comment, Fidelity may require all members to sign the Fidelity account formation documents, but they cannot require you to give any member access beyond what you have set forth in your legal documents. So...all members may have access to the account, but I would be surprised if Fidelity required them all to create a login in to the account.....they didn't with us. They only cared about the one or two members who had a level of access to carry out transactions involving the account, buy, sell, transfer stocks, write checks, for example.
In our club only the 2 members we designated (being the President and the Treasurer in accordance with our legal club documents) have total access and authority to conduct any transactions. Other members may have viewing access, but you should not open up transaction access to your investment club account to all partners or members, just the ones you have given that authority to via your Partnership Agreement or your Bylaws. To do otherwise would probably be in violation of your legal club documents, and also....a nightmare in the making.
I have just created a new club and just created a brokerage account through fidelity for us to trade. I'm trying to connect to bivio via account sync, but it says invalid username/password even though i know the login is correct. I've seen info about needing to put in transactions for bivio to know the history of the account, but so far we have no money and no transactions. Does anyone know the next steps for me to take to get account sync running?
Another side question, those who use fidelity, do only authorized individuals have logins to the fidelity account? Or do all members have logins with fidelity?
Dan Cohn on
We also found that Fidelity would allow us to exchange whole shares to our members when they leave us. Along as they had their own Fidelity account; saves remaining members having to pay capital gains on stocks we had to sales to pay them off in cash.
Note that you can provide the rest of the members with view-only access (Fidelity calls it "Inquiry Only") for the account. This lets members see all activity and the monthly statement for the full club account (NOT their individual share - that is what Bivio is for). We also copy the PDFs of our Fidelity docs to Bivio for those without a Fidelity account.
Fully authorized members (those with full trading authority like your President and Treasurer) can add members with Inquiry Only access from online. Look for the Authorized Users link on the Fidelity Account Management page (https://digital.fidelity.com/ftgw/digital/portfolio/features).
You will need the SSN and persons name as they have on their Fidelity account records, otherwise it will get rejected.
One other comment, Fidelity may require all members to sign the Fidelity account formation documents, but they cannot require you to give any member access beyond what you have set forth in your legal documents. So...all members may have access to the account, but I would be surprised if Fidelity required them all to create a login in to the account.....they didn't with us. They only cared about the one or two members who had a level of access to carry out transactions involving the account, buy, sell, transfer stocks, write checks, for example.
In our club only the 2 members we designated (being the President and the Treasurer in accordance with our legal club documents) have total access and authority to conduct any transactions. Other members may have viewing access, but you should not open up transaction access to your investment club account to all partners or members, just the ones you have given that authority to via your Partnership Agreement or your Bylaws. To do otherwise would probably be in violation of your legal club documents, and also....a nightmare in the making.
I have just created a new club and just created a brokerage account through fidelity for us to trade. I'm trying to connect to bivio via account sync, but it says invalid username/password even though i know the login is correct. I've seen info about needing to put in transactions for bivio to know the history of the account, but so far we have no money and no transactions. Does anyone know the next steps for me to take to get account sync running?
Another side question, those who use fidelity, do only authorized individuals have logins to the fidelity account? Or do all members have logins with fidelity?