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Now, of course, Vanguard does offer brokerage services - which it didn't do five years ago..... if I recall right.



I closed my Ameritrade account and consolidated stocks into Vanguard as another step towards simplifying my investment accounts in retirement. I am far from a frequent trader but if I was, AMT probably was a better place to be. But from what I read recently, AMT has gone down hill, but I was quite satisfied when I had my individual stocks with them.

One thing I got surprised with at Vanguard is worth mentioning. I never have been in a dividend re-investment program with individual stocks. I always let the dividends accumulate into a sweep account and then at some point I would buy some stock, either more of something I already own or something new. OTOH, with mutual funds I always had divs and cap gains re-invested in more shares of the fund.

So when I moved my stocks into the account that previously held only mutual funds, they were automatically enrolled in dividend re-investment. I didn't discover this until after the first cycle of dividend payments did not show up as more cash in my sweep account.

I protested vehemently with Vanguard investor services. They explained that dividend re-investment is a default at the account level in their system. They refused to undo what I think was a error. I could and did make a "no dividend re-investment election" on each individual stock going forward. But now, instead of nice round lots, I have all these fractional shares that irritate me every time I look at my account. Grrrr.
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