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They're certainly one of the two best for-profit brokerages (the other being Fidelity). Vanguard is inherently customer-focused, unlike the for-profits. Schwab and Fidelity are great today, but a future CEO/board could come in and decide to squeeze customers, and then you're somewhat stuck. Moving funds is difficult and if ERs are bumped, you have to balance taking a capital gain against the ongoing ER cost.


> Vanguard is inherently customer-focused, unlike the for-profits.

Vanguard is for-profit; it's just that every investor in a Vanguard fund is a part owner.


Yes, I could have described that a bit more accurately; sorry.


I've never had difficulty moving ETFs between brokerages.


If you move a Schwab ETF to Fidelity, you're still paying the Schwab ETF expense ratio (for example).




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