Full Disclosure: We already have both a brokerage account at Fidelity and a mutual fund account at Vanguard, and we're happy with that. So this isn't as much an either/or question but rather a question about whether it matters "How much is where?"
Our retirement funds are currently divided between Fidelity, Vanguard, and my former employer's 401k: 43%, 37%, 21%. I'll be rolling my former employer's 401k into an (already established and funded) IRA, either at Fidelity or Vanguard. My knee-jerk instinct is to roll the 401k into Vanguard, but there are a few considerations:
We do our banking at Fidelity. There's an investor center here in town, so I would expect that status - and maintaining that status over the long term - would have some benefit combined with the investor center. Could someone who favors Fidelity please elaborate about that, especially with regard to how that helps you once you're retired?
We are Fidelity Premium Services customers. If we roll the 401k into Fidelity, we'll assuredly qualify for Private Client status. What's the benefit of that?
This specific money I'm about to roll over happens to be the very last block of money that gets drawn down (significantly younger spouse's tax-deferred) if that matters.
Our retirement funds are currently divided between Fidelity, Vanguard, and my former employer's 401k: 43%, 37%, 21%. I'll be rolling my former employer's 401k into an (already established and funded) IRA, either at Fidelity or Vanguard. My knee-jerk instinct is to roll the 401k into Vanguard, but there are a few considerations:
We do our banking at Fidelity. There's an investor center here in town, so I would expect that status - and maintaining that status over the long term - would have some benefit combined with the investor center. Could someone who favors Fidelity please elaborate about that, especially with regard to how that helps you once you're retired?
We are Fidelity Premium Services customers. If we roll the 401k into Fidelity, we'll assuredly qualify for Private Client status. What's the benefit of that?
This specific money I'm about to roll over happens to be the very last block of money that gets drawn down (significantly younger spouse's tax-deferred) if that matters.