I agree with SirTas about TIAA-CREF. They have an index fund there that tracks the Russell 3000 called TCEIX (Equity Index). I have a roth there and am very happy with the service.The other option is to have him open a ROTH at Scottrade (www.scottrade.com ). There he could invest into something like VTSMX with as little as $1000 and incur none of the low balance or maintenance fees that he would incur directly at Vanguard, and no transaction fees that he would incur at any other brokerage. The only stipulation is that if you sell a fund within 90 days of buying it, you will be charged $17.50. I'm ok with that. Good LuckCaat(Who has Roths at both TIAA and Scottrade and is happy with both.)
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