If you want to invest in ETFs, a discount broker is your best choice. There are many good ones. I use Fidelity and like them, but you will find more up to date information on the Discount Brokers discussion board.http://boards.fool.com/td-ameritradetos-29135883.aspxIf you do only mutual funds, your favorite mutual fund company may be most economical. Many have no fees for larger accounts, though annual maintenance fees can be a factor for smaller accounts.At a mutual fund company, you will probably be limited to only their mutual funds. But larger ones like Fidelity and Vanguard have so many funds, you can usually find one of theirs you like.Discount brokers usually have a list of mutual funds you can buy for free, but charge transaction fees up to $75 for others. Often Fideliy and Vanguard funds are excluded and the ones they have have higher expense ratios and sometimes loads.Check out the charges for the services you plan to use before you decide. And note that both Fidelity and Vanguard are mutual fund companies, but they also have brokerage divisions. You can easily move your mutual fund account to a brokerage account when or if you decide to add ETFs. Fidelity claims to be the largest discount broker.
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