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I'm in the process of helping my 18 yr old son invest some money in a Roth IRA and I'm not sure what to recommend to him in terms of a broker. Most of the money I manage is at Vanguard in one form or another. His IRA will be less than $5K and Vanguard charges an annual fee until it's over $5K. I have Coverdell accounts at TDWaterhouse and have been fine with them but those accounts have had very little activity(we could contribute and then we couldn't and now we can again - at least for his younger brother.) so I'm not sure I have a good level of activity on which to judge service.

He tends to contribute in lump sums when he feels comfortable with what's in his savings account - this particular instance is $1K. He's really a good money manager so I have no need to try to shape any of that.(Or more likely all the shpaing I can do has already occurred.) He's also a low-risk kind of guy.

Thoughts ?

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