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Subject:  Re: newbie Date:  12/1/2004  1:23 AM
Author:  Fuskie Number:  43369 of 88063

I thought I read on this board awhile back that if you hold that Vanguard fund through Scottrade, that low balance fee doesn't apply. Is this not so?

This is correct. There are two minimums involved here. The fund itself has a minimum investment, usually one for retail and one for retirement investing. Then the brokerage account may have a minimum investment amount to waive the account maintenance fee. In the case of a Vanguard fund in Scottrade, you still have the mutual fund's minimum initial investment, but there are no account maintenance fees.

Who likes getting the best of both worlds...
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