There is no transaction fee to transfer Vanguard mutual funds into Fidelity.Another reason is that you may have a per-transaction fee if you try to add to your Vanguard mutual funds held at another brokerage. I hear it is $75 per transaction at Fidelity.Portability. It's future proof. That's the main reason (and much easier to manage than having ETFs in 1 brokerage, mutual funds in another, etc.).Can someone remind me why it's advantageous to convert my VG mutual funds to ETFs prior to changing to another brokerage?
Really nice once you want to move around for signing bonuses and all or you suddenly dislike the customer service you are receiving from your brokerage over time.
The convenience of being able to move in and out to any brokerage is a huge benefit to most people here.
That and the ease of tax loss harvesting.
Moving something like VTSAX or FSKAX or SWTSX can be quite inconvenient at some brokerages.
There is a $75 transaction fee to buy Vanguard funds at Fidelity.
There is no transaction fee to sell Vanguard funds at Fidelity.
I have done all 3.
IMO if I buy $100,000 of a Vanguard fund at Fidelity, one time, $75 is a drop in the bucket. For periodic small investments it would be a non-starter.
Statistics: Posted by GaryA505 — Tue Aug 06, 2024 11:05 am — Replies 169 — Views 33955