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Started By
Message
Charles Schwab Fee
Posted on 1/4/24 at 3:52 pm
Posted on 1/4/24 at 3:52 pm
Hello,
Girlfriend has Vanguard Mutual Funds for her Roth IRA held in a Charles Schwab account. When purchasing Vanguard Mutual funds Schwab charges a fee (If using Schwab should just purchase ETFs or the Schwab equivalent funds, lesson learned). Dividends and capital gains are set to reinvest. Curious if there is also a fee associated with the reinvestment? Curious if should dump existing Vanguard funds and move them to Schwab funds. Any issue with simply letting the Vanguard funds grow?
Girlfriend has Vanguard Mutual Funds for her Roth IRA held in a Charles Schwab account. When purchasing Vanguard Mutual funds Schwab charges a fee (If using Schwab should just purchase ETFs or the Schwab equivalent funds, lesson learned). Dividends and capital gains are set to reinvest. Curious if there is also a fee associated with the reinvestment? Curious if should dump existing Vanguard funds and move them to Schwab funds. Any issue with simply letting the Vanguard funds grow?
This post was edited on 1/4/24 at 8:57 pm
6
Posted on 1/4/24 at 4:53 pm to danilo
Great question. I was recently moved to Schwab's platform from TDAmeritrade. When I made my quarterly trades of non-Schwab funds they charged me fees. This displeases me, greatly, and is pushing me to move to Fidelity or Vanguard.
Posted on 1/4/24 at 5:04 pm to RoyalWe
quote:
This displeases me, greatly
lol
There’s no fees for Schwab purchases. I’m not sure if you are with one brokerage why you wouldn’t use their own ETF’s/ funds if available. They are almost always going to be lower cost.
Posted on 1/4/24 at 5:33 pm to baldona
quote:They do not offer the leveraged ETFs that I use.
why you wouldn’t use their own ETF’s/ funds if available
Posted on 1/4/24 at 5:50 pm to danilo
Ever since they switched me from TDA I've hated it. Their website is shitty and confusing to use. I mainly just use thinkorswim but I wanna change.
Posted on 1/4/24 at 6:09 pm to RoyalWe
quote:
This displeases me, greatly, and is pushing me to move to Fidelity or Vanguard.
You are going to be equally displeased if you try to buy Vanguard funds with a Fidelity account because they will charge a fee.
Posted on 1/4/24 at 7:48 pm to go ta hell ole miss
My biggest gripe with Schwab is the lack of an emerging markets index fund. Otherwise, they have all the funds and ETFs I need.
Posted on 1/4/24 at 7:55 pm to danilo
I would consider buying one of schwabs index funds if the fees are bothersome. Unless there's a specific fund you are looking for, the common total market, etc funds are fairly equivocal to vanguard funds with low fees
Posted on 1/4/24 at 9:14 pm to danilo
quote:
Curious if there is also a fee associated with the reinvestment?
I don’t believe I’ve ever seen a reinvestment fee on dividends or CGs of MFs.
Posted on 1/4/24 at 9:28 pm to slackster
We got our HSA's transferred there from TD Ameritrade as well. They don't offer triple B bonds and seem to have more limited bond offerings in general than Vanguard. I usually either buy Treasuries at auction or Cd's. They seem to have a more limited CD offering than Vanguard as well. I haven't had a problem trading stocks there.
Posted on 1/5/24 at 7:25 am to Triple Bogey
Their website and app sucks. TDA was much more streamlined.
Posted on 1/5/24 at 1:05 pm to slackster
quote:
I don’t believe I’ve ever seen a reinvestment fee on dividends or CGs of MFs.
That’s what I am hoping for
Posted on 1/7/24 at 8:44 pm to Triple Bogey
quote:
Ever since they switched me from TDA I've hated it. Their website is shitty and confusing to use. I mainly just use thinkorswim but I wanna change.
I already moved everything to fidelity. Schwab is pretty terrible
Posted on 1/8/24 at 8:21 am to UltimaParadox
Seems like Schwab insists on using different lingo for everything on their site making it fussy to use
Posted on 1/8/24 at 9:27 am to DoctorWorm
I really like Schwab vs Fidelity
Guess I am in the minority.
I might be bias because some transfers were not working. Fidelity didn't give af - my person at Schwab made it happen
Guess I am in the minority.
I might be bias because some transfers were not working. Fidelity didn't give af - my person at Schwab made it happen
Posted on 1/8/24 at 10:14 am to danilo
I am a long time user of Schwab ETFs. I would definitely use those over vanguard.
Posted on 1/8/24 at 10:18 am to lynxcat
quote:
My biggest gripe with Schwab is the lack of an emerging markets index fund. Otherwise, they have all the funds and ETFs I need.
I use XSOE in my Schwab account and I dont believe I get charged any fees.
Posted on 1/9/24 at 8:36 pm to danilo
Does anyone know if there’s a fee on dividend reinvestments?
Posted on 1/10/24 at 9:30 am to SaintsTiger
quote:
Does anyone know if there’s a fee on dividend reinvestments?
Schwab customer service has always been excellent for me, best to ask them for sure. But I've never been charged. No.
Posted on 1/12/24 at 8:17 am to RoyalWe
scwab doesnt charge fees for any non schwab ETF....so I dont understand your issue
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