A somewhat dated piece from The Finance Buff, reiterating what I wrote above - you're not getting advice from these assigned reps or assigned teams.
https://thefinancebuff.com/vanguard-fidelity-large-account.html

don’t mistake the Flagship rep [now the Flagship "team"] for an advisor. The Flagship rep is still in the customer service role. If you need advice, ask the Flagship rep to arrange a meeting with an advisor.

And from a related Finance Buff piece:

Customer service reps are in an execution role. If you want to do X, they will do X for you. ... Ask them whether they offer X or how to do X at that institution. Research and decide on your own whether you can or should do X.

https://thefinancebuff.com/customer-service-questions.html
At the end of the day, they're just doing what salespeople are supposed to do: present product and services, walk the customer through the process of getting those services, and above all Keep the Customer Satisfied. How well they do that is another question.

I do not know what you would get if you signed up for "management services" for a fee.
I do. I have a relative who had an Investment Advisory Program account (wrap fee, discretionary) with TIAA for a few years, and moved it to Vanguard PAS (also wrap fee, discretionary) upon my recommendation.
At TIAA (with a much higher fee) this person worked with an individual adviser. Based on the relative's assets and future plans, the adviser worked up a plan for investing, for managing a mix of IRAs, taxable accounts, inherited assets, etc., for drawing how much from which accounts in what sequence, etc. A good customer-facing adviser.
Actual investment decisions and execution were handed off to a back end team that traded mutual funds and ETFs somewhat frenetically. So much so that they "harvested" a loss in the taxable account that they irretrievably washed out with a replacement purchase in an IRA. The antithesis of personalization.
In contrast, Vanguard PAS preserves non-Vanguard assets if they have high unrealized gains, and it offers some flexibility in keeping them regardless. The market swoon was an opportunity to move some of those into Vanguard funds without taking a tax hit. That's when the portfolio became somewhat more "cookie-cutter". The service even allows a fair amount of tweaking by the customer (e.g. expressing a preference for actively managed funds or more corporate bonds or ...), but then why have a discretionary account?
They review and discuss the portfolio with the customer quarterly and on-demand as the customer's needs change. They keep customers informed of any upcoming changes in the program. When my relative's adviser decided to take another position within Vanguard (it was something he was interested in doing and the opportunity opened up), he contacted my relative.
If you're interested in what you would get if you signed up for "management services" for a fee, it's all laid out in detail in the Vanguard Personal Advisor Services Brochure
https://personal.vanguard.com/pdf/vpabroc.pdf

Over the years the responses of the "discount" brokers have gotten more and more generic. This is especially true at Vanguard where 15 years ago I had one specific person who I got to know well. However, Vanguard replaced him twice without notifying me, and now I just get a "team" that is faceless. Their website is more and more difficult to use for self directed investments. They clearly want everyone to use their funds in cookie cutter allocations. I do not know what you would get if you signed up for "management services" for a fee.
My advisor at Schwab is still there and a nice guy who helps with stuff, although I am not on a fee basis with him. Still even there I am usually shunted off to an unknown in Orlando
My parents used a full service broker at Morgan Stanley who I have gotten to know well. He will still sell you stocks on a large commission ( $150 to$200) but really would rather sign you up for their manged portfolios ( chosen by a committee) at 1% a year, and then review it with you a couple of times a year. I notice he is rarely in the office after 3 PM.
Even people at firms with minimum account requirements of $5,000,000, tell me they have had portfolios changed from individual stocks chosen by their manager, to cookie cutter allocations, chosen by a committee.
On the other hand my sister has had her new broker at Morgan Stanley walk though all of her accounts with her, help her combine them all into one with her new inheritance, and then will sit down with her to go over her options. I do not think this broker is a novice, and I assume she is running a fair amount of money overall, but the fact she will go to such lengths for a new client is impressive.
I guess like most professions, there are many people who try hard to do a good job, although the structure of the industry is working against them.

Returns on energy stocks have sucked for many years, and I suspect that investor concerns about climate change has accounted for some of the poor performance. Although many conservatives consider climate change a hoax, the scientific data doesn’t support their views. And when their money is at stake, apparently many investors are paying attention to the science.

From CBC. Conclusion:
"...rising fees, while evidently annoying, are of small economic consequence."
.........But not after years and years of cuts in service and constantly rising fees, to my mind.
https://www.cbc.ca/news/business/banks-pandemic-profits-pittis-1.6040739

Amazon is buying Bonds (James that is.) Story
I like some types of bond (funds) in this wild environment. Risk assets climbing to the sky. Bonds will hold some water for you should most everything else go to hell in a hand basket. Who knows? Depends on your age, risk tolerance and what else you happen to own. Be careful with the BBB and lower grade paper. OK to own some and to speculate in the shorter end (1-2 years) I think. Anything out 3+ years go with the highest quality you can get. Don’t plan on getting rich. You won’t with bonds today. But might make a nice life raft if waters turn violent..

Thank you David, I have few years to figure out several options.

Whatever else, must protect cash position from the 60-day STT fee. Maintaining the cash allocation in their cash management account would work, as they exempt money markets from that fee. BTW - Is there a ticker symbol for the cash fund at Fido (where my liquidated assets from TRP should land)?
The .44 YTD loss would be least of my worries. Essentially, it attempts to track an index. Might be that it’s avoiding the overvalued TIPS market.

If your concern is to be able to withdraw cash quickly, be aware that ETFs have two-day settlement periods, during which time the cash value must stay in the account. (A margin account could float the money for a day if that's really critical.)
Cash in your core account or in another Fidelity MMF is available for withdrawal "immediately" (don't recall whether that's literal or end of day since even MMF shares must be sold). Cash pulled from an internet bank is usually available within a day, though you're advised it could take longer.
I mention internet banks again because the shorter the trigger, the more important low volatility/preservation of capital becomes.
"Track an index" IMHO doesn't say much without examining the index. This index is untested, dynamic, and proprietary. Its objective is to improve "both returns and risk ... relative to traditional U.S. IG floating rate note indices." It invests in a mix of "U.S. corporate floating rate notes with less than 5 years maturity and U.S. Treasury Notes with 7 to 10 years maturity." From its statutory prospectus. It's not avoiding TIPS because they're overvalued but because it can't invest in them.
It's hard to find a reason to prefer FLDR to JPST. The latter has lower volatility (std dev 0.80 vs. 1.13 over the past year) resulting in better Sharpe ratio (2.54 vs. 1.61 over past year), smaller bid/ask spread (0.02% vs 0.06% median over past 30 days), longer history, similar ER (0.18% vs 0.15%). The smoother curve in the graph below is JPST.

You can invest in MMFs in any Fidelity brokerage account, it doesn't have to be the CMA account. The only advantage I can find to the CMA account is that it provides unlimited US ATM rebates on its debit card. AFAIK, all its other features are available in any brokerage account.
EDIT:CMA accounts use a bank sweep as their core account. This is not available in other some other brokerage accounts.
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fdic.pdf
The "ticker" for Fidelity Cash is FCASH. It is kept as a general obligation of Fidelity; in essence you are lending the cash to Fidelity, which can use it for general business purposes. It is one of three choices you have for your "core" (transaction/checking) account inside a taxable brokerage account. Catch gave the tickers for the other options.
https://www.fidelity.com/mutual-funds/fidelity-funds/money-market-funds-fcash

On another note, I hadn’t realized that a TIK “insulates” your fund’s value during the process so that the holding neither gains nor looses value. Dug that up this morning. Casts a different light on everything.

You can think of "transfer in kind" as picking up the fund shares (electronically) at one institution and transporting them to the other. So you can gain or lose value in transit, since you always retain "real" ownership of your shares.

"she was in touch with her Fido advisor ... He mentioned dollar cost averaging, Fido’s wealth management service and separately managed accounts, outside advisors Fido works with, and tax-loss harvesting. It was all very generic ..."
There's a popular perception that people you talk with for free are "advisors". Even with a large amount of assets at an institution, that's rarely the case. The people one talks with, e.g. "Private Client Advisors", are sales people. They're there to match you with for-pay services, and to give you warm fuzzy feelings about keeping your money with them. As you observed, it is all very generic.
On Fidelity's site I can no longer readily find the phrase "Private Client Advisor" or much of anything that suggests one's free investment "team" or lead provides advice.
For the most part the only place you'll find "advisor" mentioned is in the context of pay for service. See this Fidelity page on "How we can work together". No mention of advisor under DIY or its pure robo offering (Fidelity Go).
When you get to the next fee level (Fidelity® Personalized Planning & Advice), you find "1-on-1 financial coaching calls with Fidelity advisors". Wealth Management, the next fee level up, brings you "a dedicated Fidelity advisor". And finally for those with over $2M at Fidelity and willing to pay for the services, there's Private Wealth Management, with "a dedicated Wealth Management Advisor and team of specialists".
"Am I expecting too much...?"
Yes.
Years ago, Vanguard would provide customers with enough AUM a free financial plan prepared by a CFP. That's been gone for years. These days, TANSTAAFL.

I considered PIMIX a few years ago but didn't invest in the fund.
For many years, Pimco Income Fund delivered excellent returns with muted volatility.
The fund's managers made shrewd investments in legacy, non-agency residential mortgage-backed securities (RMBS) after the Global Financial Crisis.
Trailing 5 Yr. and 10 Yr. returns for PIMIX were in the top 1% of the Multisector Bond category as of 10/31/17.
The total AUM dedicated to vehicles using the same strategy, $124 B as of March 2017, gave me pause.
It would be difficult for Pimco Income Fund to maintain meaningful exposure to legacy, non-agency RMBS while the supply of these securities was decreasing in the future.
I also did not appreciate that Pimco has never closed a fund (to my knowledge) due to excessive AUM.
This is not a very shareholder-friendly stance in my opinion.
Having said that, Dan Ivascyn and Alfred Murata are renowned and talented managers.
Pimco is widely respected and it is a very well-resourced firm.
I still believe PIMIX is a decent fund but doubt the stellar performance of the past will be replicated.

Just wanted to get this learned community’s input on our situation.
A couple years ago, due to a number of fortuitous events, Mrs. Ruffles acquired a significant amount of cash that she parked at Fido for convenience’s sake. Due to the overheated markets, she’s been reluctant to invest it for fear of incurring a substantial loss. A much more significant amount of funds is fully invested in her retirement accounts here and elsewhere. Her salary more than covers her annual expenses.
When she first acquired her cash, she was in touch with her Fido advisor but decided it was better to do nothing than rush into something. The advisor recently reached out to her so we had a teleconference with him. We thought he might have some ideas but he kept expecting us to drive the conversation.
I mentioned that it wasn’t imperative to invest all the cash right away due to her other investments and that, if she were to invest, our concerns included downside protection and tax minimization. He mentioned dollar cost averaging, Fido’s wealth management service and separately managed accounts, outside advisors Fido works with, and tax-loss harvesting.
It was all very generic so I asked that he forward us more details on some of the strategies he mentioned. In response, he emailed us links to the website pages on wealth management services, managed accounts, and planning services - nothing I hadn’t seen before. To say the least, we were both underwhelmed.
I responded asking for more details (performance, risk, costs, etc.) on the strategies he mentioned so that we could make some informed decisions. After two days, crickets - not even a simple acknowledgement.
Am I expecting too much or should this be in the advisor’s wheelhouse? What have others experienced in working with advisors at Fido and other brokers?

*************
Somehow, over the years, I'd already half-way expected the kind of "service" you've received. A ONE-TIME in-person visit to a brick-and-mortar office with a BofA-Merrill Lynch guy was very helpful to me in evaluating my holdings at the time, many yeas ago. Since my friend was this guy's client, my friend asked if the fellow couldn't find time to see me for an hour. He did it for me at no charge. He was attentive, sharp, listened a good deal. But my pot was not very big. He offered to take on the job of managing my investments via one of his associates in the office. But only if I could get it up to $100k. I was not far away from that figure, back then. He offered to follow up with fund recommendations, and he did, via email. He wanted to run them past me, and I could see that they would have been fitting, but not my choices..... I guess I just needed to keep the control. I use some personal filters that others just would never bother with. So, the meeting was valuable, confirming that I had not already run my money off a cliff into oblivion, and so staying the course was in order. I was very grateful to him for his time, and told him so. .....I DO think that not rushing to do something, anything--- is a GREAT idea. And yes, I'd have expected more. But then, always and immediately, I must remind myself these days that wherever I turn, substantive communication is never the goal. Otherwise, we'd not always hear a RECORDING telling us our call is important. And people who are supposed to be of service to us would actually be able to think and communicate, not just send hyperlinks to webpages. .....Just this morning, I played my part, attempting to get in touch with those for whom actual communication is not a priority. But of course, what can you expect from their end? They've shown their hand already. I don't really matter to them. No one does, unless you happen to get lucky and catch the call at THEIR convenience.

This is such a tough question to answer given the gracious but limited info provided. There are so many variables to consider. It's interesting that Mrs. acquired a significant amount recently but is afraid to "risk" this even though a more significant amount is already invested in retirement accounts. One would think that if it was a large amount but an amount much less than already invested - one would be less fearful on the risk part. The bigger question IMHO is what is happening in the next 5-10 years. Is there an expectation to draw from the retirement accounts? When you say "parked" - do you mean in a money market or an S&P 500 Index account? If you explained that tax minimization and downside protection was most important to you (curious) - then it makes sense that tax loss harvesting and dca would be entertained.
All that said, your advisor should consider your entire portfolio and make recommendations on this new $ given the whole strategy/plan. They should provide you with an in depth "education" of WHY... so that you may make an informed decision. They should educate you so that you are well informed to decide. They should not tell you what you should do. I have had very positive experiences with Fid advisors over the years. But, like Dentists and Doctors, all have a different manner... you just have to find the right one that is a partner and explains and is patient. If someone sends you web links without a thoughtful conversation/explanation etc. - then you must move on to another advisor. IMHO. Hope this is helpful.

I set up a separate account (tax deferred) for withdrawals. It has 3-4 years needed income. It contains low risk mutual funds and ETFs including 1 year of income in the Schwab MM. My plan is to keep replenishing it with my main IRA account in good times and waiting up to 3-4 years if the markets go south. I haven't had to use it yet because I still work part time. Just getting prepared. But I haven't given enough thought to your question.
Your question is a good one since I will run into the same dilemma when replenishing the withdrawal bucket. I guess that makes it all the more imperative to keep the number of investments in the main IRA account, funds or ETFs, at minimum. That certainly would help in re-balancing. Looks like you have 10 funds to keep balanced which is a reasonable portfolio #.
One consideration for me, my IRA money is split 50/50 between the Schwab Intelligent Portfolio and what I call my self-managed account. Withdrawals from the IP get re-balanced automatically. That would be the easy option for me.
Hope more people respond with what they do so I can learn along with you.

Reading @Catch22’s post above …
I assume the owner of the account (you or I) makes the final decision as to when to take the RMD (in compliance with the governing law). Fido may indeed calculate an amount and send reminders.
Actually, my read of the law is that RMDs do not have to come evenly from various fiduciaries. You are allowed to pick and choose where to take it. I’ve no problem taking distributions from their cash account when / if I decide to do it. Now only 25-30% in Traditional IRAs. Pull more out most years than the calculation calls for. Prefer to pay taxes on distributions now and let the Roth grow as a % of invested assets.
Took my RMD early this year for rather complex reasons related to rebalancing. Essentially, through a “merry-go-round”, the proceeds ended up in PRHYX as part of my portfolio’s bond component. (But it’s complicated.)
One further note: We’ve discussed Michigan’s mandatory withholding here before (the “pension tax” as it’s called). ISTM Catch did once report having filed the Michigan W 4-P with one or more of his custodians years ago. And, likely it remains in effect until he changes it. (Obviously, my recollection might be wrong). I’ve always thought TRP was being overly restrictive on that issue.
I’ve read before (but don’t have time to research it) that the state even withholds tax from Roth distributions w/o the W 4P being on file. Completely illogical. Of course you’d get the money back at tax time.

In case people read quickly and see a conflict between my post and catch's regarding mandatory withholding, note that the rules are different for different types of accounts. Withholding rules on IRA distributions tend to be more flexible than withholding rules on pension and 401(k) distributions.
Also, though Fidelity (and many institutions) will calculate your RMD automatically, still check it yourself. Even Fidelity can get it wrong, as it did one year on my Roth RMD. Fidelity put in an amount that was about 4x the correct amount - easy to catch.
If you have an inherited IRA, pay particular attention to the RMD calculation in 2022. The tables are changing, and the change for these RMDs is not as simple as looking up the updated life expectancy in the new tables. One has to look up the updated life expectancy for your age when the RMDs started, then subtract the number of years from then until to 2022. That's the updated divisor to use for the RMD calculation. It's not all that complicated, but it opens the possibility of miscalculation.

Just wanted to get this learned community’s input on our situation.
A couple years ago, due to a number of fortuitous events, Mrs. Ruffles acquired a significant amount of cash that she parked at Fido for convenience’s sake. Due to the overheated markets, she’s been reluctant to invest it for fear of incurring a substantial loss. A much more significant amount of funds is fully invested in her retirement accounts here and elsewhere. Her salary more than covers her annual expenses.
When she first acquired her cash, she was in touch with her Fido advisor but decided it was better to do nothing than rush into something. The advisor recently reached out to her so we had a teleconference with him. We thought he might have some ideas but he kept expecting us to drive the conversation.
I mentioned that it wasn’t imperative to invest all the cash right away due to her other investments and that, if she were to invest, our concerns included downside protection and tax minimization. He mentioned dollar cost averaging, Fido’s wealth management service and separately managed accounts, outside advisors Fido works with, and tax-loss harvesting.
It was all very generic so I asked that he forward us more details on some of the strategies he mentioned. In response, he emailed us links to the website pages on wealth management services, managed accounts, and planning services - nothing I hadn’t seen before. To say the least, we were both underwhelmed.
I responded asking for more details (performance, risk, costs, etc.) on the strategies he mentioned so that we could make some informed decisions. After two days, crickets - not even a simple acknowledgement.
Am I expecting too much or should this be in the advisor’s wheelhouse? What have others experienced in working with advisors at Fido and other brokers?

Thanks a lot Bee for commenting and correcting me.
Initial withdrawal - 4% annually
Will claim SS at the age of 70 (corrected)
PV - overlooked - based on the historical analysis - value of portfolio increased with 4% withdrawal in the last 5 years. So 1st option is simplest and manageable. Thanks for the backstop provided by Central Banks.

Congratulations.
That's too bad about T. Rowe Price. Over the years I've found them extremely helpful, whether it was in setting up my individual 401(k) or with issues in managing it, or in navigating their closed fund rules, or with steps to distribute assets from an estate.
(OTOH, it took me six months to get a correction distribution out of a rollover IRA that came from a 401(k). There had been an excess contribution in the 401(k) that needed to be undone. No institution is perfect.)
As I recall, you have some D&C funds directly with the family. If you want to consolidate them at Fidelity, you may be able to do that without increasing your costs too much. D&C funds are transaction fee funds, but once you have positions in the funds at Fidelity (via transfer in kind), it may be possible to add more shares for a $5 fee and sell with no fees.
You first have to check whether Fidelity allows automatic investments for these funds. It does for most, but not all. To add to your position, you set up a series of automatic investments, then after the first one executes you cancel the rest. This gives you control and costs you $5/buy. Selling is done as usual, by placing a same-day sell order.
Whether it's worth the nominal fee and small lag time in making purchases (automated investments are not supposed to be set up as same-day purchases) is a matter of personal preference.

Quite a few column inches devoted to one particular type of bank account, TD Bank's "Preferred Chequing". It talks about one customer who's had the account for 25 years.
What isn't mentioned is that the reason such a long time customer was used as an example is that all customers of this account have had it for at least two decades. Preferred Chequing was discontinued in 2001 except for grandfathered customers.
https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-was-this-big-bank-too-nice-in-giving-some-clients-a-break-on-fees/
The disproportionate coverage of this one particular account type to the exclusion of all others suggests that this is a corner case and not necessarily representative.
The customer is quoted as asking: "In an environment where people have lost their jobs, they're on furlough, they're trying to get CERB payments, who's going to be able to keep $5,000 in their bank account to not get service fees?"
The article could have responded to this by noting that since 2003, low-cost accounts (with minimum requirements set by the government) have been available at many banks, including TD Bank.
https://www.canada.ca/en/financial-consumer-agency/services/banking/bank-accounts/low-cost-no-cost.html
Or that TD Bank is not raising monthly maintenance fees or min balance requirements on its current offerings, and is eliminating the paper statement fee on its Student Chequing Account. Though it is converting Youth Accounts to Student Chequing Accounts, resulting in a new cap of 25 transactions/mo w/o fees.
https://www.tdcanadatrust.com/document/PDF/accounts/513796.pdf
Or that CERB shut down before these fee hikes. If the point is that many people are dealing with reduced cash flows (notably, lower income), that's whom low cost accounts are designed for.
Certainly some Canadian bank fees are going up, and while the government is doing something to help, it could always do more. But this article does not present the typical account nor does it present a broad picture of banking fees in Canada.
It's a little dated (2014), but here's a Canadian government study of banking fees.
https://www.canada.ca/content/dam/canada/financial-consumer-agency/migration/eng/resources/researchsurveys/documents/bankingfees-fraisbancaires-eng.pdf

I'm a big fan. Or rather, I was. The profitability of those "Big 5" banks is the closest thing to a sure bet in investing I've ever seen.
CM
TD
RY
BMO
BNS
But I cannot any longer ignore the unethical way that these banks treat their customers. It's been going on for years. Tonight on CBC's The National, I saw a news story that "broke the camel's back." And their customers = 90% of all money on deposit in Canada. Now, despite MAKING A PROFIT during the Covid ordeal, they are raising minimums in order for customers to avoid paying fees, and raising the fees, as well. And add to this, the fact that in-person service has been cut back to a bare-bones level. On this basis, I will not be buying. Until there is a sea-change, somehow.
https://www.cbc.ca/news/business/bank-fee-increases-1.6032824

Hank, yes; I noted about mis-pricing during some time periods for muni bonds vs taxable bonds. I considered several years ago an investment in NHMRX, but other sector investments were performing nicely and the transaction didn't happen. All of my accounts are either T or Roth IRA's, and the online buy (muni fund) wouldn't have been processed.
Below, is the current message returned when attempting to buy a muni fund for a T or Roth IRA at Fidelity. All online buys require a "preview the trade" before being processed. As @msf noted, the message doesn't prevent the transaction in total, but not via electronic channels.
----- (010386) The security you are attempting to trade is a tax-free mutual fund. Retirement accounts are prevented from buying or exchanging into tax-free mutual funds through the electronic channels. For more information, contact a Fidelity representative at 800-544-6666. -----
@Crash. It is not stated in this thread that you can not have a muni investment in an IRA; but that you can not process the transaction electronically.