Re: Ditching your Financial Advisor??
For those of you who think I am a party to the Vanguard 'love fest' I would like to describe what I see as a difference.
I am a Fidelity customer, have been one for many years, but have recommended Vanguard from time to time.* Several years ago I moved my mother's accounts to Fidelity (from her saftey deposit box) because they have investor centers in many cities and there was a person she could sit down and talk with.* That personal contact meant a lot to her.* They contact me from time to time when they see her cash accumulating and give me suggestions. Their financial advise isn't bad, but over the years I have noticed that they do mention their own funds before others.* Fidelity seems to have noticed that Vanguard is eating into their market and is offering low cost index funds.*
So... both are good firms.* If you want or need to meet with a person face to face Fidelity is where to go.* If costs (however small the difference) matter more than personal contact Vanguard it great.