Vanguard, Fidelity, Schwab, and other discount brokers will allow people of all races to open brokerage accounts and purchase low-cost ETFs and mutual funds. A

Vanguard, Fidelity, Schwab, and other discount brokers will allow people of all races to open brokerage accounts and purchase low-cost ETFs and mutual funds. A "private client" relationship with a broker at JPMorgan Chase (the subject of the article) may cost you a lot of money in fees.