I believe in passive investing and use Vanguard & DFA.American Funds Class A shares have higher expense ratios than these two but much lower than other actively managed funds.YOu can lower your up-front charge at American funds - breakpoints start at 25K.There is no commission on Class A shares exchanges.If it's taxable account there will be a tax drag.I don't have any clients who have personally had issues with Vanguard account transfers but several colleagues have dealt with horror stories.Transfers that have taken two months then voicemail hell.The influx of assets has overwhelmed Vanguard. The company is a victim of their success.I still recommend do it yourselfers opening accounts at Vanguard but I warn them about going rogue. Too often novice DIYers costs themselves way more than a 5.75% Class A charge.
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