On the retirement side, Vanguard offers access to traditional IRAs, Roth IRAs, SIMPLE IRAs, SEP IRAs, 401(k)s, and 401(k) rollovers. This account comes with a $50,000 minimum and a 0.30% annual fee. This means you'll have both computer algorithms and a Vanguard fiduciary advisor working on your behalf. Its other automated investing account, Vanguard Personal Advisor Services, offers something more: one-on-one advisor guidance.
You'll be responsible for a $3,000 minimum and 0.20% annual fee, but you get access to a personalized portfolio of Vanguard ETFs that the platform allocates based on your investing preferences.
The first - and cheapest - option Vanguard offers for automated portfolio management is Vanguard Digital Advisor. You'll run into additional fees if you use either of its automated portfolios. While Vanguard's ETFs and options are generally commission-free, its ETFs still have a 0.6% average expense ratio, and options contracts cost $1 each. Most of the brokerage's actively managed mutual funds have a $3,000 minimum, but you'll only need $1,000 for investor shares in Vanguard Target Retirement Funds and the Vanguard Star Fund. When it comes to Vanguard's other investment types, you'll have the choice of mutual funds, bonds, international investments, and CDs. The platform also stands out due to its zero-commission stock, ETF, and options offerings. No other trading platforms besides website and mobile appįounded in 1975, Vanguard is an online brokerage offering self-directed individual and joint accounts, automated investing portfolios, IRAs, small business retirement plans, education savings accounts, and much more.Self-directed, automated investing (robo-advice), and advisor-managed accounts available.Vanguard-managed index funds, all-in-one retirement funds, and mutual funds available several retirement planning resources and tools.No commissions on stocks, ETFs, and options.Yes - Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium affiliated accounts Yes - Vanguard Digital Advisor and Vanguard Personal Advisor Services Yes - unlimited access to advisors with affiliated Schwab Intelligent Portfolios Premium account Yes - unlimited access to financial advisors with Vanguard Personal Advisor Services account Investment research and educational resources Stocks, ETFs, options, mutual funds, futures, forex, IPOs, and bondsĪutomated/managed portfolios tax-loss harvesting Stocks, ETFs, options, bonds, mutual funds, and CDs In addition to its web platform, it offers the thinkorswim web and desktop platforms for more advanced traders, and its options contract price ($0.65) is cheaper than Vanguard's ($1).īusiness partnerships, sole proprietorships TD Ameritrade best suits active traders who want a wider variety of platforms and tools to utilize when making investment decisions. It offers multiple types of low-cost mutual funds (e.g., all-in-one retirement funds, index funds, and admiral share funds) that the brokerage itself manages, and its selection of retirement planning resources is hard to beat. Overall, Vanguard is the better choice for retirement investing. However, the platforms differ when it comes to fees, features, and investment choices. Vanguard and TD Ameritrade offer a wide array of account types and investment choices for both active traders and passive investors. TD Ameritrade, however, best suits active traders who want to take advantage of more advanced trading tools and platforms.
Bottom line: Vanguard is best for retirement-focused investors who want access to both a vast range of low-cost, Vanguard-managed mutual funds and retirement planning resources.
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