Originally Posted by wstu32
I have heard a lot of talk and positive things about the Vanguard familey of funds.*
my stocks,bonds, i.r.a, roth etc is at Ryan Beck and Co.* in Philidelphia with my advisor.
can i buy these funds with out commission thru Ryan Beck and co. with no commission, or do i need to start purchasing outside of this acct.
Well, Ryan Beck & Co would probably differ from our opinion, seeing as how Vanguard doesn't hand out commissions or soft-dollar reimbursement for their investment funds.
And even if they somehow did mess up and let you buy Vanguard funds in your account with them, they'd probably feel obligated to charge you an annual fee for their vigilant oversight of those wild-eyed fun-loving BogleBrennanheads.
Here's another option that may work with Vanguard. We have a brokerage account with Fidelity, including IRAs with no custodial fees. Tweedy, Browne was the custodian of our TBGVX-fund IRAs but insisted on charging $10/year per account no matter how much we invested with them. When I discovered that Fidelity would act as custodian for free (but additional purchases would cost a $75 transaction fee) we had Fidelity request that TB turn over custody of the IRAs to Fidelity. We're not buying any more TBGVX and Fidelity doesn't even charge us for selling shares or doing our Roth IRA conversions (unlike Tweedy).
So perhaps Vanguard would serve as broker/custodian for your Ryan, Beck holdings. You would just be transferring assets from one brokerage to another without actually causing a taxable event or generating cap gains. You might also shed the annual advisor's fees or commissions, although you'd have to be careful about back-end loads or surrender fees.