Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Vanguard Perk Levels
Old 05-03-2007, 03:12 PM   #21
Thinks s/he gets paid by the post
Bikerdude's Avatar
 
Join Date: Jul 2006
Posts: 1,901
Re: Vanguard Perk Levels

Quote:
Originally Posted by Nords

Free billpay, dedicated phone number to the same team answering without a hold queue, free research, IPO allocations, and (ta-daaaaa!) client appreciation dinners.
Schwab offers the above minus the dinners at the $500K mark. What's the level at Fido?
__________________

__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
Bikerdude is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Vanguard Perk Levels
Old 05-03-2007, 03:51 PM   #22
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Vanguard Perk Levels

Quote:
Originally Posted by Bikerdude
Schwab offers the above minus the dinners at the $500K mark. What's the level at Fido?
Here's Fidelity's full fee schedule:
http://personal.fidelity.com/account...SCHED-0105.pdf

We weaseled in under the frequent-trader perk but the $$$ threshold is either $50K (doubtful) or $1M (probably) totaled among all accounts.

Looks like Billpay is part of having any Fidelity account, with no minimums required.
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-03-2007, 03:58 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,616
Re: Vanguard Perk Levels

Quote:
Originally Posted by tlockwood
If you have $1M or more in Vanguard they will do a financial plan for you for free. I
They will do this if you deposit $100K with them all at once or if you have $250K with them. You do not need to have $1M with them. Maybe they will give you 4 plans with $1M?
__________________
LOL! is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-03-2007, 06:23 PM   #24
Confused about dryer sheets
 
Join Date: Apr 2007
Posts: 5
Re: Vanguard Perk Levels

Your right about the amounts neede to get a free financial plan. I remembered it incorrectly.
__________________
tlockwood is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-03-2007, 09:54 PM   #25
Recycles dryer sheets
Jeb-NY's Avatar
 
Join Date: Nov 2005
Location: North Coast of NY
Posts: 269
Re: Vanguard Perk Levels

I'm currently only Voyager level because I haven't moved all my 401K money in yet. I'm new to VG so I may have just hit them on a few bad days but I noticed if you go in cold on their regular number you get into a big phone tree and a long que. When I call the special Voyager number I got a short phone tree and a very short que. Last time I made these calls back to back because I didn't take the time to look up the Voyager number till after I was in the que. That is a big perk as far as I'm concerned.

Jeb
__________________
Jeb-NY is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-04-2007, 07:58 PM   #26
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Vanguard Perk Levels


This is all very interesting. On one level, I've bought in to all the VG corporate culture; but I also can be a sucker for valuable perks. I would switch to Fido, Schwab, or Fred's Funds if there was enough butter on the biscuit. In my experience, there never is.

All these so called perks benefit the seller in the long run. The tickets, dinners, chintzy gifts all have fishhooks inside. These perks are designed with "your mind in mind". They are ego stroking scraps thrown to the strays because the dummies marketeers don't know how else to compete. The IRS is clamping down, so freebies are getting even chintzier. Ultimately you're paying for this crap AND you have to listen to the jerk tell you what great opportunities are in store for you in addition to all this grand largess.

I do keep listening and reading stuff like the above. I don't want stuff. THEY want me to want stuff. I want somebody to answer the phone, speak my language, answer my questions to my satisfaction, maybe take my side if we find ourselves in a gray area. Thats it. Stick the golf balls. Answer the damn phone.


__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-04-2007, 08:59 PM   #27
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,676
Re: Vanguard Perk Levels

You can see vanguard perk levels here

https://flagship.vanguard.com/VGApp/...types/services

They also give discounts on use of the online turbo-tax that came as a nice surprise for me.
__________________
walkinwood is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-04-2007, 09:53 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Vanguard Perk Levels

Quote:
Originally Posted by BUM

I do keep listening and reading stuff like the above. I don't want stuff. THEY want me to want stuff. I want somebody to answer the phone, speak my language, answer my questions to my satisfaction, maybe take my side if we find ourselves in a gray area. Thats it. Stick the golf balls. Answer the damn phone.
That is exactly what I want, and I have always gotten it from Schwab.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-04-2007, 09:57 PM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Re: Vanguard Perk Levels

At the Platinum level, Schwab will answer the phone quickly, 90% of the time with people who know what they are talking about and get you on the phone with experts when aren't sure. They'll also waive fees, bend rules about security closing dates, track you down in the office when the cops are at your house (long story), giving you golf passes, and invite you to countless seminars.

Personally, I don't care about the golf, and the free ski passes were a lot more valuable to me living in the SF Bay Area,than Hawaii. However, answering phone with people who can explain the like pricing moves of TIPs bonds is pretty valuable.

As for the "educational" seminars, now of course reality is they are fairly low key sales pitches. I find them moderately valuable, along with the occassional free financial plans. I am not quite at the Voyager level with Vanguard, and the service has been fine but not exceptional.
__________________
clifp is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-05-2007, 01:21 AM   #30
Recycles dryer sheets
 
Join Date: Jul 2005
Posts: 423
Re: Vanguard Perk Levels

The closest to a list I could find is from way back in 1999, but still interesting:

http://www.businessweek.com/1999/99_18/b3627164.htm
__________________
Olav23 is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-05-2007, 07:51 AM   #31
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,093
Re: Vanguard Perk Levels

Quote:
Originally Posted by tlockwood
If you have $1M or more in Vanguard they will do a financial plan for you for free. I decided to try this out. You fill out a form online and set up an appointment to speak with a financial advisor for about 45 minutes. One week before the appointment they will send me the financial plan. Vanguard uses fee-only advisors, no commisions, so hopefully he won't try to sell me anything.

This financial plan costs $1,000 if you have a low balance.

Until I see plan and have my meeting with the financial advisor, it is hard to know how much this is worth.
I got this free plan done a few months back. I have less than a million in VG but more than $500K so I think it was a probably a special they had on. Anyway, it worked exactly as advertised, was worth doing for free and the advisor only suggested a minor change in my AA, which I decided to do. I made my changes in my 401(k) which is still with the company I work for so no tax implications.

I try to "be" the market and he was right that I was out of balance in one or 2 areas such as large cap growth. I could see this myself using VGs portfolio analyzer so could really have come to same conclusion myself. For free, I found it well worth my time.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-05-2007, 01:11 PM   #32
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: Vanguard Perk Levels

Quote:
Originally Posted by Alan
I was out of balance in one or 2 areas such as large cap growth.
From what I've read on the Diehards, according to Vanguard most of the world's population needs to hold more of their large-cap growth index.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-05-2007, 04:29 PM   #33
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Vanguard Perk Levels

Being a cheapster, I prefer Vanguard. I do not want the sales pitch and thats about all you really get from Schwab, FIDO or Merril LYNCH. If one was smart enough to earn and manage their account to get to the Admiral level they can find the advice they want when they need it outside of the brokerage service they use. Listening to a broker for advice is like asking your kids for budget guidance for their allowance. All I want from a brokerage house (as well as banks, insurance firms and the Federal and State Government) is keeping the costs low and leaving me alone. Don't call me, I'll call you. 8)
__________________
"TEMPUS FUGIT"
LEX is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-06-2007, 04:09 AM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Re: Vanguard Perk Levels

I do not think vanguard has many perks other than cheaper than the cheapest rates ( plus free financial planning). And this is the way I want it. Companies that offer those perks are doing so because of the windfall they are making from you!

I would rather keep the money in the first place. That is my perk!
__________________
chinaco is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-06-2007, 11:21 AM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Vanguard Perk Levels

Lets look at this a different way. Perks such as reduced fees are hard to argue with. Perks like free tickets, golf clubs and other such stuff has to be bought.

Guess who bought them...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-08-2007, 02:10 AM   #36
Full time employment: Posting here.
bosco's Avatar
 
Join Date: Jul 2005
Posts: 987
Re: Vanguard Perk Levels

Quote:
Originally Posted by chinaco
I do not think vanguard has many perks other than cheaper than the cheapest rates ( plus free financial planning). And this is the way I want it. Companies that offer those perks are doing so because of the windfall they are making from you!
this seems to be a common opinion, but whenever I check rates, Vanguard ends up more expensive than most. Their mutual funds have low expense ratios, but if you need a brokerage service (like, say, you want to buy ETFs) and have less than 1 mil$, you will get hosed. If you want to buy someone else's mutual funds, you will also get hosed. If all you want is index mutual funds, they are fine but if you want more options, forget it.

Wellstrade seems to be about the cheapest, and Fido is cheaper than Vanguard, including their index mutual funds. I know this is heresy to the religion of Vanguard, but do a little research.

Quote:
Originally Posted by LEX
Being a cheapster, I prefer Vanguard. I do not want the sales pitch and thats about all you really get from Schwab, FIDO or Merril LYNCH.
This is a silly statement. I've used Fido for years and not been given sales pitches of any kind unless I called and specifically asked about a product.

I think I'm going to roll some money into Wellstrade. Then I can buy Vanguard mutual funds for free, and still buy ETFs, stocks, and other mutual funds without high commissions. All the advantages of Vanguard with much more flexibility. Plus, I don't need a million, only $25,000.
__________________
I have an inferiority complex, but it's not a very good one.
bosco is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-08-2007, 03:21 AM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Re: Vanguard Perk Levels

Quote:
Originally Posted by bosco
... but if you need a brokerage service (like, say, you want to buy ETFs) and have less than 1 mil$, you will get hosed. If you want to buy someone else's mutual funds, you will also get hosed. If all you want is index mutual funds, they are fine but if you want more options, forget it.
I have used VGBS. There probably is a cheaper solution.... it is not their main service, rather they have partnered with another company. If you trade often... you are probably better off somewhere else. Most full service houses will do pass through management of open-ended mutual fund trades now days... so you can still have a one stop place to manage the assets.

For open ended funds VG is just about the cheapest solution in town. I did see a FIDO index that is fairly low cost, but on average FIDO is more expensive... however, they are a quality MF company.

__________________
chinaco is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-08-2007, 07:01 AM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Vanguard Perk Levels

Heh, I got a letter in the mail from Scwab yesterday. It was my "personal financial consultant" writing to introduce himself, giving us his direct line number, and indicating he would be calling soon to introduce himself. All this despite the fact we are short of the $1MM mark.

Can't help wondering if they would have put my name on the list marked "do not call" if I had the letters "CFA" after my name on the account.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Vanguard Perk Levels
Old 05-08-2007, 08:26 AM   #39
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Re: Vanguard Perk Levels

Quote:
Originally Posted by brewer12345
Heh, I got a letter in the mail from Scwab yesterday. It was my "personal financial consultant" writing to introduce himself, giving us his direct line number, and indicating he would be calling soon to introduce himself. All this despite the fact we are short of the $1MM mark.

Can't help wondering if they would have put my name on the list marked "do not call" if I had the letters "CFA" after my name on the account.
Hey, maybe he knows and want's you to give him some advise.
__________________

__________________
Work is something you do to get enough $ so you don't have to....Me.
73ss454 is offline   Reply With Quote
Reply

Tags
vanguard


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Opions on Vanguard recommendations yak651 Young Dreamers 13 04-03-2007 12:23 AM
Free Vanguard Plan - Opinions? Jeb-NY FIRE and Money 2 12-21-2006 04:17 PM
Rolling over my 401k to Vanguard WanderALot FIRE and Money 16 12-19-2006 02:07 PM
Fidelity vs. Vanguard getoutearly FIRE and Money 34 04-25-2006 09:11 AM
Fidelity vs vanguard customer service Roger_R FIRE and Money 9 07-01-2004 07:21 PM

 

 
All times are GMT -6. The time now is 10:46 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.