Been thinking about transferring my Roth from Brownco to Vanguard. The only holdings in the account are two VG funds and Brownco wants $5 commission each for my annual contribution. But they'll hit me with a $50 fee to transfer out. I can buy these funds for free at VG, so it'll take 5 years to break even if I transfer. However, since Brownco was recently bought by eTrade, the commissions may go up in the future, or the transfer fee could rise. On the other hand, I have more freedom to purchase ETFs or other fund families if I stay at BC - buying any non-VG products in a VG account gets expensive very quickly. Right now I don't see any reason why I would buy a non-VG fund, but who knows what the future will bring. Maybe one day I wake up and decide that I absolutely have to have some PCRDX or GIM.
Another alternative is to start a new Roth at VG in 2006 and leave the BC account alone. This would avoid paying any more BC commissions as well as the transfer fee. And BC doesn't have any inactivity/maintenance fees. But I am an organized person and would prefer to have all my accounts together in the same place.
Another alternative is to start a new Roth at VG in 2006 and leave the BC account alone. This would avoid paying any more BC commissions as well as the transfer fee. And BC doesn't have any inactivity/maintenance fees. But I am an organized person and would prefer to have all my accounts together in the same place.
