It's very easy. Schwab vs Vanguard for Roth IRA. The biggest concern you have when moving accounts is if an investment you're in isn't available at the new place. The differences in expense ratio between Vanguard funds and Schwab funds is minimal and you'll not be hurting yourself with either brokerage. The fees for both are so small they are barely noticeable. If you plan on using their website, cheapest might not be best. Every fund you invest in has a manager. This Fidelity vs. Vanguard comparison can help you choose between two of the best online brokers. I've set up ACH transfers between Schab, Barclays and Vanguard and have discovered that pushing the money is much faster than pulling the money. Both brokers also charge some of the industry’s lowest fees. Please contact the moderators of this subreddit if you have any questions or concerns. Research costs money. Schwab is an overall leader in low fee accounts and offers extensive features with top-tier tools for active traders as well. Once I made it to $10k, made my shares Admiral (lower cost). With Vanguard for Roth IRA (S&P 500) for the past 4 years. Schwab does not receive payment to promote any particular ETF to its customers. I would say they are both about the same. Vanguard has a bare bones interface but it works fine. Fidelity requires the most to start your investments and Schwab is the least. Fidelity and Schwab are both (marginally) cheaper in most categories these days, and seem to be being more innovative. All investing is subject to risk, including the possible loss of the money you invest. If you plan on using their research, cheapest might not be best. Websites, and their maintenance, cost money. Are there any downsides to this other than the hassle of keeping up with them all? Join our community, read the PF Wiki, and get on top of your finances! If I ever need cash I just go to an ATM and say yes to the pay the fee question. If I plan to buy some funds and just let them sit, what's the benefit of lower fees? Just lots of blind Vanguard promotion on this sub. Jack Bogle, who ran Vanguard for many years invented index linked mutual funds. Fidelity has a minimum opening requirement of $2,500, while E*Trade requires at least $500, and TD Ameritrade and Ally are at $0. Customer Service Right now, Vanguard is a bit of a victim of its own success. Vanguard is a good choice for ETF and mutual fund investors interested in Vanguard-sponsored investments. (Traditional IRAs, Roth IRAs, 529 Plans, Custodial Accounts, and regular old taxable index funds… both Vanguard and Schwab carry everything a reasonable person would ever need.) Everyone keeps promoting Vanguard for Roth IRAs but when I look at Schwab's minimum amount and percentages and they look better than Vanguard. Ally Invest is the cheapest for mutual fund investors, with low $10 per transaction rate for transaction-fee, no-load mutual funds. I have all 3 and put retirement in Vanguard, bank with Fidelity and the Schwab just kind of sits there. If the fee is 1%, then every year you'll have lost 1% of the value of your fund. Vanguard is the market leader for index fund investing. Schwab also has low cost funds. Meanwhile, Charles Schwab has taken over from Vanguard as the low cost leader at the moment (not by much, but still they have the crown right now). Schwab is making a big play to take market share from them. This is the guy/gal/company that decides what changes to do to the fund to make it successful. How does it compare to Charles Schwab? Schwab vs Vanguard for Roth IRA. Vanguard offers low stock trade prices (starting at … Both are good but I'd give the edge to Vanguard as I prefer many of their ETF offerings. Besides there might be other small perks that make a difference (schwab checking lets gives you free atm withdrawals worldwide for example). However, minimum investment difference is quite large. Eric Rosenberg. Converted a traditional IRA to the Roth IRA. Step 2 Choose an "all in one" fund or customize your portfolio. Close. Also, do these fees come out of my $5500? Merrill Lynch vs Vanguard Results Vanguard’s funds aren’t enough to give the broker an edge over powerhouse Merrill. They are better than vanguard's. If I open both a Schwab (for free ATM + brokerage) and a Vanguard (Roth IRA) account (as well as a credit card I'm eyeing and a high-yield savings account at Ally), I will have some type of financial account open at 8 different institutions. Lower fees on gains? Retirement Accounts (articles on 401(k) plans, IRAs, and more). (5) A slightly unrelated question: I'm worried about having too many accounts. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. All have great customer service, that should make most customer service organisations in America weep with shame. When taking withdrawals from an IRA before age 59½, you may have to pay ordinary income tax plus a 10% federal penalty tax. Schwab is said by some to have better customer service at the moment and often thought to have a better website and on-line tools. I actually like this distribution better than just the total stock market index as you are geared a little towards smaller companies. People equate indexing to Vanguard because they popularized it but as for brokers to index with, Vanguard, Fidelity, and Schwab are very nearly the same. However, I'm not really sure what "lower fees" means. That's probably the bigger factor. (3) Pretty easy. Charles Schwab and Vanguard are two of the largest investment companies in the world. The differences are minor enough to not be concerned about it. Vanguard IRA vs Fidelity IRA Summary Both Fidelity and Vanguard have competitive pricing. However Schwab followed suit and offers very similar offerings and recently lowered the cost of lots of their funds...however just a few days ago Vanguard also announced they would lower their cost, In the end both are great and I would reccomend either . Also Vanguard is owned by the people buying their mutual funds there are not really a corporation themselves. My taxable brokerage is at Schwab and I'm happy. Here is what I have heard from people on this sub: Most people here love Vanguard. Vanguard is one of them, providing 171 funds. Vanguard is the market leader for index fund investing. Schwab was late to the party... Vanguard has built up a large following of loyal people for being the ETF leaders for so long. 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