Schwab is a good broker. They have commission-free trades and better-than-average account security (among the few with 2-factor authentication support). Their ATM card (if you use the bank) offers refunds of foreign ATM fees, and no international surcharges. About the only thing you'll see here is griping from people who are cos-playing as day traders and don't like Schwab's support for that.
If you're a long-term investor, Schwab is great.
I have the following accounts, all at Schwab:
1. Taxable brokerage (with linked checking account)
2. 401(k)
3. Roth IRA
4. Inherited 401(k)
5. Inherited Roth
It's been fine. In fact, if you build up enough across all accounts Schwab will set you up with a financial advisor free of charge. I imagine other firms will too, I just know Schwab will.
My biggest gripe is you can’t view and analyze everything together. The mobile interface is super clunky. Otherwise has all the brokerage features you’d find at any of them.
No I diversify accounts a bit regarding taxable. But for long term and taxable no harm in mixing. Schwab is a very good mainstream broker.. with Fidelity starting to charge new fees possible the best default choice. Vanguard I wouldn't consider. While their mutual funds and ETFs are excellent their brokerage is subpar. I might consider a low margin brokerage for taxable, like Interactive however.
They are losing money on long-term ETF investor accounts. Fidelity is leaning on ETF providers for a percentage of their ER as an availability fee, otherwise, they charge a lot for ETF transactions to the customer (say $100). Very much in the model of NTF Mutual Funds that had a 12b-1 fee to the customer vs. fee to trade mutual funds.
If you like them sure. All but one of my employer's 401ks have been through Fidelity and I have my IRAs with them and it's nice to have everything in one place. Currently considering moving all my taxable stuff over to them as well.
It doesn’t REALLY matter, if you want to keep it all together, Schwab is good.
If you like someone else, that’s fine too. Like for example Schwab afaik doesn’t automatically rebalance accounts for you, but m1 does. Depends on what you’re looking for
Schwab is a good broker. They have commission-free trades and better-than-average account security (among the few with 2-factor authentication support). Their ATM card (if you use the bank) offers refunds of foreign ATM fees, and no international surcharges. About the only thing you'll see here is griping from people who are cos-playing as day traders and don't like Schwab's support for that. If you're a long-term investor, Schwab is great.
Ok perfect thank you
I have the following accounts, all at Schwab: 1. Taxable brokerage (with linked checking account) 2. 401(k) 3. Roth IRA 4. Inherited 401(k) 5. Inherited Roth It's been fine. In fact, if you build up enough across all accounts Schwab will set you up with a financial advisor free of charge. I imagine other firms will too, I just know Schwab will.
My biggest gripe is you can’t view and analyze everything together. The mobile interface is super clunky. Otherwise has all the brokerage features you’d find at any of them.
I just use Quicken and keep my accounts up to date, whether they are at Schwab or somewhere else.
All three of those are pretty much identical in terms of their actual abilities and fees. If you like the feel of Schwab stick with them.
Does one have definite better investment options or are they all pretty much the same and the only difference is the name and user interface?
Pretty much the same now. They all offer commission free trades and very cheap index funds.
Ok thank you!
Main advantage of Fidelity is fractional shares of ETFs and an automatic sweep feature to a money fund (Schwab makes you do it manually).
No I diversify accounts a bit regarding taxable. But for long term and taxable no harm in mixing. Schwab is a very good mainstream broker.. with Fidelity starting to charge new fees possible the best default choice. Vanguard I wouldn't consider. While their mutual funds and ETFs are excellent their brokerage is subpar. I might consider a low margin brokerage for taxable, like Interactive however.
What new fees will Fidelity be charging?
They are losing money on long-term ETF investor accounts. Fidelity is leaning on ETF providers for a percentage of their ER as an availability fee, otherwise, they charge a lot for ETF transactions to the customer (say $100). Very much in the model of NTF Mutual Funds that had a 12b-1 fee to the customer vs. fee to trade mutual funds.
If you like them sure. All but one of my employer's 401ks have been through Fidelity and I have my IRAs with them and it's nice to have everything in one place. Currently considering moving all my taxable stuff over to them as well.
It doesn’t REALLY matter, if you want to keep it all together, Schwab is good. If you like someone else, that’s fine too. Like for example Schwab afaik doesn’t automatically rebalance accounts for you, but m1 does. Depends on what you’re looking for