Early Retirement & Financial Independence Community - View Single Post - Having all of your money at one brokerage

twaddle · 02-07-2008, 01:24 AM

I'm not sure if all fund companies work this way, but Vanguard is structured such that each fund is an independent entity. The individual funds own part of Vanguard, and they pay Vanguard fees for services. Sort of upsidedown from what you'd expect, but it seems like a fail-safe organization.

Personally, I have accounts with multiple brokers and fund companies because I want access to a wide variety of tools, research reports, etc. It also helps when one of them has online access problems -- I can simply use a different service.

02-07-2008, 01:24 AM	#17
twaddle Thinks s/he gets paid by the post Join Date: Jun 2006 Posts: 1,377	I'm not sure if all fund companies work this way, but Vanguard is structured such that each fund is an independent entity. The individual funds own part of Vanguard, and they pay Vanguard fees for services. Sort of upsidedown from what you'd expect, but it seems like a fail-safe organization. Personally, I have accounts with multiple brokers and fund companies because I want access to a wide variety of tools, research reports, etc. It also helps when one of them has online access problems -- I can simply use a different service. __________________ Favorite ERF quote: "I'm not going to waste my time on someone who's more interested in being stubborn or obtuse or intolerant." -- Nords Favorite ERF error message: "Sorry Nords is a moderator/admin and you are not allowed to ignore him or her."