I wouldn't switch.
1) Inertia. I'm happy now holding my Vanguard funds there, am not motivated to change.
2) "Another thing": Why put another layer between me and my funds? What value added would I get from Fido? Heck, I don't even want to hold my Vanguard funds in a Vanguard brokerage account.
3) Corporate culture: While I'm worried about some changes at Vanguard (incl the new emphasis on providing additional services, at additional costs), it's still fundamentally the company John Bogle started. Low cost funds and client ownership are the foundation of the company, not a flavor-of-the-month. Fido's postulated "no commission" offer regarding VGD funds could change any time in the future. Then I'd have to switch again--hassle.
4) Cyberhack security: While the threat is low enough that it probably wouldn't be enough to prompt me to set up accounts at two companies if I didn't already have them, since I do already have accounts at Fido and Vanguard, deliberately consolidating them does increase my risk of calamity an ultra tiny amount--and for nothing.
|