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I'm looking to purchase shares of an ETF (e.g. one of the Vanguard growth funds) but I'm wondering if there's any advantage to setting up an account directly with vanguard vs my current brokerage? For example, are the expense ratios any different? I know I'll pay per trade instead, but that's a minor concern.

  • I believe you meant "not a concern" or "a minor concern" rather than "not a minor concern". Is that correct? Or did you mean what you wrote and paying per trade is a significant concern? – Justin Cave Mar 31 at 4:50
  • @JustinCave: My suspicion is that OP meant "Only a minor concern (not a major concern)" but mixed the two together. – Ben Voigt Mar 31 at 4:54
  • @BenVoigt - That's my assumption as well. But I wanted to clarify before editing the question. – Justin Cave Mar 31 at 4:57
  • Sorry, mindless typo. Yes, it's a minor concern. – fny Mar 31 at 13:21
  • Is there an annual fee for having your brokerage account? Some brokerage accounts (often from discount brokerages) charge nothing, others (typically full-service brokerages where you have a personal representative who might call you once a day/week/month suggesting investments) charge a fraction (e.g. 1% per year) of the assets under management, and this will add to the perceived expense ratio of the ETF you want to buy. Some brokerages will allow you to buy and sell certain specific ETFs without transaction fees, and so on. – Dilip Sarwate Mar 31 at 20:03

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