No. of Recommendations: 1
The low-balance Vanguard fees are a nuisance, but the new $17 transaction fee through Scottrade would be even more of a nuisance. Right now, my money is in one fund until I meet the minimum account fee to get rid of one of the two $10 annual fees. Vanguard makes dollar-cost averaging much simpler, and I feel more comfortable with Vanguard.
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Another plus associated with your move to Vanguard is that you will eventually invest enough in your account so that you will not have to pay the low-balance fee. If you stayed with ScotTrade, you would have to always pay the transaction fee every time you wanted to add to your Vanguard Fund. So - at least there is a light at the end of the tunnel.

In case you haven't seen it yet, this link explains Vanguard's fees:

http://tinyurl.com/5ad2t

Regards,
Bill (A happy Vanguard member)
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