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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75777  
Subject: Re: Vanguard Roth Date: 4/17/2002 4:34 PM
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If I set up an IRA through Scottrade, or any other discount broker, then I the fees that Vanguard charges won't apply to me? How does that work? Does the broker eat the fees?

Some brokers agglomerate all their customers' buys and sells of the mutual fund and hold it all in one account. Then they keep track internally of which customers own pieces of that account. I reckon that Scottrade has so many Vanguard-using customers that Vanguard doesn't charge Scottrade any fees.
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