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I have Fidelity and Vanguard, I love Fidelity for the amazing customer service.
I have those two too. Putting more in Fidelity since they allow fractional shares
Chief
You don’t get to choose for your 401(k), it’s whatever your employer uses (unless you have a rare case of being self-employed, but I’m assuming you have a regular job).
The other big names I can think of are Schwab and Vanguard.
Yes you can roll an old 401k into your current one if that plan is better or you really want to consolidate.
Schwab and Vanguard. I use Schwab because I get a checking account with free ATM withdrawals globally.
Chief
Same. Brokerage account is tied directly to the checking account, which also supports Zelle and bill pay, and they reimburse ATM fees anywhere. They’ve been great and I recommend it.
I have brokerage account, IRA, HSA and 401K all at fidelity. Have a small account at Chase
Pro
Just use fidelity since it’s free and just buy any of the following mutual funds: VOO, VT, VTI
You’re welcome. Don’t pay somebody to choose funds and stocks that likely won’t beat the above.
Enthusiast
That’s great if you can put away money and retire in decades. I’m gonna YOLO to try to retire early
I use ellevest for my Roth IRA and my company uses Fidelity for 401k. I’ve considered switching my HSA from the default Optum bank to Fidelity, but that seems like a hassle to keep moving money to another broker
Pro
I use E-Trade for personal brokerage and IRA mostly due to having been on the platform forever and inertia (it's fine.) My company uses ADP for 401k which i generally find pretty poor. 529s are with JPM which i like.
My wife is a tech consultant who used to work on the fidelity account. Her experience working with them was so incredibly bad that she refuses to let them touch a penny of our money. One person's anecdotal experience, but maybe a useful data point.
The website was the main reason why I wanted to change, then came the uncomfortable call I had the other day with customer service.
I had to move money to a rollover account within Fidelity and suddenly I hear multiple people in the background from the rep’s end.. and ZOOM saying “You are now in a breakout room.” …. My initial thought was, they take calls through Zoom?? Is that even secure? Why is he in a breakout room..? After 15 minutes, the rep couldn’t complete the task and kept saying he had “technical issues” … but turns out the rep was new and he was basically performing a training session while others watched him on Zoom, without informing me that my account has 27464839 looking at it. Ridiculous.
I felt virtually violated at the moment
I happen to love fidelity, but maybe that’s because I’ve used them so long.
I’ve also used various others because the employer used them - E*Trade, vanguard, Schwab… E*trade was the best of those and I still have an account with them. I ran from vanguard as fast as possible.
Enthusiast
I use Interactive Brokers because of the low margin rates
Enthusiast
Fidelity’s website is the worst. The beta version of the iPhone app makes them liveable.
My 401k is at Voya. Fidelity’s app is a dream compared to Voya’s clunky one.
I use fidelity for 401K and think it's pretty user friendly, especially because you can use Fidelity BrokerageLink to expand your investment options.
I have another Vanguard account for personal investing in funds and a separate 401K account. I think it's archaic, very difficult to see basic stats like growth of specific investment over a time frame. 401K investments are also very limited.
I also use Ally as a personal brokerage for buying individual stock names. Their platform is very user friendly plus their high yield savings accounts were pretty competitive pre-pandemic. I closed my Chase checking and savings accounts in favor of Ally.
I've had Schwab and currently have fidelity which I prefer (slightly). When I started a new job I rolled over an account from Schwab and from Empower so all my accounts would be with Fidelity.
The fee structure for Schwab vs Fidelity are almost identical, except I don't think fidelity charges you to transfer assets which Schwab did (fidelity paid the fees themselves when I transferred out of Schwab).
Alternatives to fidelity and Charles Schwab (which I think are arguably two of the best), include E-Trade, TD Ameritrade and Vanguard (good for low cost funds/buy and hold accounts)
I use chase because I already have accounts with them. The interface is clunky but all I need is to buy qqq, Voo, and vti with my Roth IRA so a clean interface doesn’t matter.