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The firm does have a mobile app that most customers find to be adequate and offers the ability to trade on mutual funds at a reasonable rate (lower than Schwab). It focuses on providing long-term investments products matter more to this brokerage, so trading technology is a bit behind.Īctive traders who rely on streaming quotes and customizable charts won’t find as much support with Vanguard. Vanguard deals mostly with higher wealth clients and corporate retirement plans.

Mobile apps available with streaming quotes and customizable charts, as well as complex market orders.

24/7 customer support and local branch availability for all clients.

Commission-free stock, ETF, and per-leg options trades are available through Charles Schwab.

More education resources and updated courses will help beginner and advanced investors learn about different methodologies.

Customers cannot get support outside of trading hours Monday through Friday.

Some education and research tools, such as stock screeners and retirement planners.

No commissions for stocks and ETFs consistent with the new industry norm of commission-free trades.

For passive investors without much need for advanced trading tools, Vanguard offers plenty of options for mutual and index funds.

So how do the two old-school stalwarts Schwab and Vanguard compare to one another? In November 2019, the online broker announced it will acquire TD Ameritrade in 2020. Vanguard has unique options too, but its tools and mobile options are less full-featured than Schwab’s as it caters more to buy-and-hold passive investors. It also offers a network of 300+ local branches where clients can seek advice, make deposits, and place trades. If you want the a wider breadth of services, tools, and technology, Schwab definitely offers a more advanced platform for more active traders. Both continue to offer unique benefits today, although they cater to different investor groups and investing styles. Unequivocally two of the most reputable brokerage firms in business today, both Charles Schwab and Vanguard are household names.īoth platforms were pioneers in the investing world, Schwab with discount brokerage and Vanguard with index funds. Click here for a full list of our partners and an in-depth explanation on how we get paid. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Neither our writers nor our editors receive direct compensation of any kind to publish information on.

Vanguard vs Charles Schwab (2022): Who Does It Better? NewsletterĪll reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team.

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