At some point, I'm going to have a few million dollars invested somewhere, and I'm not going to be eagle-eyed, fine print reading, opt-outing financial hacker I once was. Of course you could get around that by selling the ETF before that occurs, but then you deal with short term gain taxes. Robo-adviser technology shaking hands with a human client. I only like low cost total market mutual funds. You can also access online chat or email support. User-Experience: Also okay. Don’t get me wrong, I love Vanguard mutual funds and own several, some held at Vanguard, some at Fidelity. I've had TDAmeritrade and Fidelity. Not sure if Schwab can compete there. The final score is made up of a qualitative review of their services, platform, company, and features, as well as a quantitative score based primarily on the costs and performance of the portfolio. Didn't realize they were so competitive on their fees with comparable funds. The fee difference is pretty minimal in my opinion, what matters is convenience. Young redditors don't think about this much, but creating a portfolio simple enough for your spouse to assume one day is a common topic on the Bogleheads board. I'm also interested in a Charles Schwaub brokerage account for others reasons, but I only like low cost total market mutual funds. Popular ETF shares can sell for as little as $40 to $100 each. They often require mailing in an account verification form. You'll never get spam. Discount brokers are known for cutting corners to cut costs, but the truth is that many low-cost brokers offer impressive research libraries, tools, and calculators. Generally speaking, the FIRE community really advises going towards low-cost index funds like Vanguard or (even cheaper) Fidelity. Schwab has way better website and mobile app. That's intentional on Schwab's part: they're offered as loss-leaders. Vanguard's PAS isn't even the lowest cost advisory service; Schwab's Intelligent Advisory service charges less (0.28%). Fair enough, a lot of these details really can add up over time. Websites, and their maintenance, cost money. even Warren Buffett doesn’t think you can. Wow that expense ratio is lower than I thought. For a better experience, please enable JavaScript in your browser before proceeding. The report ranks robo advisors on a set of qualitative and quantitative measures. And as someone who's been with Fidelity for over a decade, I've never been approached by anyone working there to "put me in products that are more lucrative for them", Can you clarify the “upgrade that to zero fees for withdrawals abroad”? Both tools also help make projections about the future, so you can see how changes to your portfolio might affect your retirement timeline. It is almost as good as Chase. I'm a journalist who covers finance and investing. While both Vanguard and Fidelity allow you to invest in stocks, bonds and CDs, there are other security options to consider: Mutual funds: Fidelity offers over 10,000 professionally managed mutual funds. TD Ameritrade vs Fidelity vs Vanguard vs Etrade: Overview Vanguard, E*Trade, Fidelity, TD Ameritrade and Ally Invest collectively have the lion's share of investment dollars in America. TD Ameritrade and Fidelity are similarly priced, varying by only a few dollars per trade. I could sign up, there are zero fees. Even if there is is a risk involved if you are not careful, there can still be a benefit if you are. I was reminded of this when I read a headline in the Wall Street Journal website today. Vanguard offers far superior index funds IMO, especially Admiral funds if you have the cash - with an expense ratio of something like 0.20% vs. the cheapest FIDO one being more like 0.80%. He showed me this one plan Schwab does, called Schwab Intelligent investor. I do. But I just rolled 99% of my Vanguard account over to TDA because they wouldn't reinvest the dividends from one of my etfs I held there and also because TDA offers an index fund I'm interested in with no transaction fees. How to hit minimum spend on rewards credit cards without spending anything, How to Talk to People You Trust About FIRE.
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