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Old 08-16-2017, 05:24 PM   #21
Recycles dryer sheets
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I have been happy with Vanguard.
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Old 08-16-2017, 07:55 PM   #22
Give me a museum and I'll fill it. (Picasso)
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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.
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Old 08-16-2017, 08:16 PM   #23
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Yes, inertia is a big deal. Any firm that wants to capture AUM needs a pretty big carrot to get folks to switch. Even people at Edward Jones, Northwestern Mutual, and other universally dissed rip-off places have lots of trouble changing. People have to be pretty pissed to make them switch.
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Old 08-17-2017, 03:00 AM   #24
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i am in the process of switching 100% back to fidelity now .
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