Charles Schwab vs Vanguard – Which Investment Brokerage is Best for You?
If you are planning on opening a new brokerage account, you might be interested in two of the top investment brokerages Charles Schwab and Vanguard. Both financial institutions were established in the 70s and continue to draw a crowd of investors. Charles Schwab has over $3 trillion in assets under management (expected $5 trillion after TD Ameritrade acquisition) while Vanguard as over $4 trillion. More importantly than the popular vote is the amount of money you will shell out in fees. You will also want a brokerage that has decent customer service in case you have questions or need help with your account. Both firms excel in these areas, but if you are a frequent trader, Charles Schwab is more investor-friendly than its counterpart. However, if you find yourself drawn to Vanguard funds, consider creating an account with Vanguard. Their in-house offerings have the lowest fees, you will be supporting client-owned funds, and will benefit the most from investing with them long-term. I