Quote:
Originally Posted by rsmurano
People don’t realize and a lot of posters here are confused thinking you have sign up to vanguard to purchase vanguard funds, same for fidelity. This is not true. There might be unique funds at vanguard, fidelity, Schwab, and other brokerage houses that you might not be able to buy if you don’t have an account with that broker. I’m sure you can buy a like fund with the brokerage house you belong too.
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I moved some money from Vanguard to Fidelity just because of the SIPC limits.
Fidelity considers one of my Vanguard funds a Transaction Fee (TF) fund. In this case, the usual online TF purchase fee of $49.95 has been raised to $75.00.
Fidelity considers another "not available for retail trading."
No confusion here. With the money that was moved to Fidelity, I chose to go with a something similar.