Vanguard vs Fidelity vs Schwab

by Anonymous

Vanguard, Fidelity, and Schwab are the three largest brokerages managing trillions in assets. All three offer zero-commission stock and ETF trades with competitive index fund expense ratios. Vanguard pioneered low-cost indexing, Fidelity leads in research and trading tools, and Schwab offers the broadest service range. For most investors, any of these three is an excellent long-term home for retirement savings.

Vanguard

0.03% (VFIAX)
s&p 500 index fund er
$0
stock/etf commission
No
fractional shares
Digital Advisor (0.15%)
robo-advisor
Limited
banking services
Basic
research & tools

Fidelity

0.015% (FXAIX)
s&p 500 index fund er
$0
stock/etf commission
Yes, from $1
fractional shares
Fidelity Go (0.35%)
robo-advisor
Cash management account
banking services
Excellent (Active Trader Pro)
research & tools

Schwab

0.02% (SWPPX)
s&p 500 index fund er
$0
stock/etf commission
Yes (Stock Slices)
fractional shares
Intelligent Portfolios (free)
robo-advisor
Full banking + checking
banking services
Excellent (thinkorswim)
research & tools

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