>My understanding is that Vanguard's expense ratio is the best Not true. http://www.investors.com/etfs-and-funds/look-whos-got-the-lowest-cost-etfs-theres-a-n

>My understanding is that Vanguard's expense ratio is the best Not true. http://www.investors.com/etfs-and-funds/look-whos-got-the-lowest-cost-etfs-theres-a-new-champ-for-now/ http://www.investors.com/etfs-and-funds/look-whos-got-the-lo... >The $96.4 billion Fidelity 500 Index Fund (FUSEX), which tracks the S&P 500 Index, will drop its annual expense ratio by 0.5 basis point. The gross fee is now 0.10%, with a current net fee of 0.095% due to fee waivers. That will fall to 0.09% on July 1. In comparison, $45 billion Vanguard 500 Index Fund (VFINX) has an expense ratio of 0.16% https://www.nerdwallet.com/blog/investing/vanguard-vs-fidelity/ https://www.nerdwallet.com/blog/investing/vanguard-vs-fideli... Fidelity also offer iShares ETFs (also low expense funds) as well as their own low expense ETFs commission free. I can't comment on Schwab because I don't use them but from what I hear they have very similar offerings for low cost mutual funds and ETFs. There was also just a commission price war a month or so ago initiated by Fidelity and as a result most brokerages dropped their commission significantly. From what I understand Vanguard offers more services if you have a profolio over $1 million. I'm very happy with Fidelity. I only purchase low cost index ETFs through them. You're going to pay more if you want active managed funds, but that's not the topic of discussion. Even if you don't use their brokerage services you should use either Fidelity or Schwab's checking account. Really, a no brainer, banks don't offer anything even close to as good. It's very competitive market nowadays and as another commenter pointed out, Fidelity has a much better website. EDIT: What I meant by "their brokerage accounts are all very, very similar" I really mean "their brokerage account offerings are all very, very similar in price for someone interested in investing in low expense ratio index funds."