Hello all,
I'm looking for some advice about brokerage houses. I currently have some Vanguard ETFs that are held by Vanguard brokerage services. I noticed that they hit me with a $35 annual fee to have the brokerage account (on top of the $25 per transacation fee I paid ). I would rather not pay more fees than I need to (it's sad to give that tax-free money away!). My question is this: is it better to move this somewhere without annual fees? I'm considering Fidelity, after reading reviews about brokerages on the internet. Because these are ETFs, I would still have the option to purchase Vanguard ETFs through my other brokerage and the only fees would be the brokerage fees (granted that I make the minimum contribution to the fund). Also, are there fees associated with moving assets between brokerages?
Thanks for your help!
I'm looking for some advice about brokerage houses. I currently have some Vanguard ETFs that are held by Vanguard brokerage services. I noticed that they hit me with a $35 annual fee to have the brokerage account (on top of the $25 per transacation fee I paid ). I would rather not pay more fees than I need to (it's sad to give that tax-free money away!). My question is this: is it better to move this somewhere without annual fees? I'm considering Fidelity, after reading reviews about brokerages on the internet. Because these are ETFs, I would still have the option to purchase Vanguard ETFs through my other brokerage and the only fees would be the brokerage fees (granted that I make the minimum contribution to the fund). Also, are there fees associated with moving assets between brokerages?
Thanks for your help!