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Subject:  Re: Mutual Funds & 401K Plans Date:  1/24/2000  10:29 PM
Author:  Chipsboss Number:  1728 of 21722

for rclyde:

Does any out their know what the true story is with regards to Vanguard Funds availability through various brokers?

My hunch is that your bank is not interested in helping you get into Vanguard because there's little prospect of continuing fees for the bank.

I hold my Vanguard Index 500 in my IRA and in my taxable account, both of them at Charles Schwab. Schwab's commission on Vanguard funds, according to data I verified tonight, is

Purchases up to $15,000 0.7% of the purchase amount, but at least $39

Purchases over $15,000 0.7% of the first $15,000, plus 0.2% of the amount over $15,000, but a maximum fee of $149.

Schwab charged me nothing to open the account and nothing to keep it open.



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