Vanguard vs schwab reddit. It’s hard to go wrong if you’re buying the low cost indexed etfs or mutual funds. The philosophy was to do what’s best for the client. Apr 22, 2025 · You can buy schwab's in-house equivalent mutual funds rather than ETFs to build the three-fund portfolio. In this article, I’ll help you understand those differences and hopefully point you toward the brokerage that’s best for you. I believe vanguard has the best 529 plan though. The reason I chose Vanguard over Schwab is that the broad market funds from all the major players have essentially identical performance, but Vanguard patented an ETF-share-class system that makes their mutual funds extremely tax efficient (read more about that here). Aug 28, 2025 · If deciding between Vanguard and Schwab for your investment accounts, it’s important to compare their offerings to determine the best fit. The biggest difference is that Charles Schwab is also a bank, so you can have a checking account linked to your brokerage account. You have to be careful though because they offer dirt cheap index funds and also ultra-expensive active funds with similar names. I have all three but use the checking of Schwab; HSA, brokerage and credit at Fidelity; and IRA and brokerage at Vanguard. If you travel internationally, I highly recommend a Schwab bank account, which refunds international ATM fees. I worked in the Schwab Center for Investment Research which was at the forefront of Schwab starting to give advice to clients. Vanguard has been rolling out a new UI recently. Schwab vs Vanguard vs Fidelity I know I know it doesn't matter they are all good in their own ways. They’re all functionally equivalent now for index investing. SNSXX is the Schwab equivalent. . Before choosing one over the other, take a look at our research on these two powerhouses. SPIC protects up to $500k per account per brokerage firm. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025. Schwab has some pros over Vanguard like lower ETF prices, no minimums to buy index mutual funds, and even lower expense ratios on their index mutual funds (but really not that huge of a difference). Jan 7, 2026 · Vanguard and Schwab are two of the most popular investment firms out there. Vanguard has the worst UI, schwab is the best for active traders, Fidelity has by far the best HSA of all places. While I prefer the Schwab interface, I kind of like that my assets will at least be divided in a significant way between two different brokerages. I have index funds at both: my IRAs at Vanguard, my non-tax advantaged accounts at Schwab. May 12, 2025 · Does anyone have experiences pro and con to report with moving from Vanguard to Schwab, or the other way? I don't mean the actual move process itself, but rather comparing before and after experiences involving the two firms, perhaps in recent years. Vanguard and Charles Schwab are two leading discount brokerages offering commission-free stock and ETF trading. But I was bored at work reading through boglehead online forums and it seems like in real returns vanguard wins every time. Vanguard typically is the best, but various Fidelity, BlackRock, Schwab, State Street, etc. Or you can use Schwab's low expense target date index fund if it matches your ideal portfolio. funds are also excellent. If you’ve listened to Clark for any period, you know he recommends Fidelity, Schwab and Vanguard quite often as preferred investment companies. I did some of the seminal work for the Schwab mutual fund ratings, retirement planning software, and much of the portfolio construction advice. The sweep/cash funds at Vanguard and Fidelity brokerage accounts pay out higher now just sub 5% but Schwab is functionally nothing. And FWIW I have accounts with both Vanguard and Schwab. hvcq, nbt07, cssn, ytrx3, lx0sc, ycdydj, kc1xw, jfzgz, tlef, ne7xbi,