Regarding ETFs, Vanguard offers a broader selection of funds than Schwab. Vanguard is an asset manager with over 40 years of experience, and they offer a variety of ETFs that can suit any investor’s needs.
With Vanguard, you can choose from ETFs that track different indexes, are focused on specific sectors, or even ETFs that are designed for long-term investing. Vanguard also has a team of experts who can help you select the right ETFs for your portfolio and provide guidance on asset allocation.
For example, the management fee for Schwab S&P 500 index fund is 0.03%, while the management fee for Vanguard S&P 500 index fund is 0.03%- the two cheapest in the business. I compare the best ETFs using criteria such as low fees and average expense ratio in this article.
Over time, small differences can add up to a significant amount of money, so always aim to minimize the management fee on any investment. Unfortunately, many investors don’t consider management fees, because they are charged in-house and are not reported on your brokerage statements.