No. of Recommendations: 1
Discount brokers typically have "favorite" mutual funds. They're favorites because the fund pays the broker a cut of all money invested--you don't see the commission being taken out, but your investment returns end up being slightly lower. The broker can probably get other mutual funds, but will charge you a commission (in the $15-$25 range) to get it for you, since he wants to be paid.

If you want to put the Vanguard fund in the IRA, establish the IRA with Vanguard. Then later you can transfer it to a broker (Vanguard doesn't charge a fee) when you want to buy individual stocks.
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