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tjsmf View Drop Down
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    Posted: Jun/16/2020 at 5:16pm
Hello - My name is Thad and I'm a fee-only independent investment advisor (state-registered).  I started my own firm in 2007 and have an investment philosophy primarily favoring passive-style (index) investing.  Up until now, I have used Vanguard primarily as the custodian for my clients to keep costs low.  But, I do want to learn about other possible custodian/platform options (Schwab, TD Ameritrade, others?), keeping a wary eye open on costs, to keep them low for clients.

If anyone has any suggestions, I'm appreciative.  And, I will certainly check out the relevant sections of this forum once I have permission.
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luvindy View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote luvindy Quote  Post ReplyReply Direct Link To This Post Posted: Jun/16/2020 at 5:54pm
In first bitches.
8/31/12,Sportsfreak:
"If Barak wins this election, or appears to be clearly winning, we are all fucked. Market will tank big time."
Dow 13,090 S&P 1406
5/23/13 UC:Dow 20k before 20% crrectn Dow 15,
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Wet_Blanket Quote  Post ReplyReply Direct Link To This Post Posted: Jun/16/2020 at 6:07pm
Wwlcome
The true 🤡 was the Biden voter all along.
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B24 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Jun/16/2020 at 6:47pm
I thought Vanguard had abandoned their custodial platform for advisors.
"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16

"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18
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Iamlegend View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iamlegend Quote  Post ReplyReply Direct Link To This Post Posted: Jun/16/2020 at 7:19pm
Originally posted by B24 B24 wrote:

I thought Vanguard had abandoned their custodial platform for advisors.

He probably isn’t taking custody. Perhaps just doing it with a third party authorization.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: Jun/16/2020 at 8:08pm
Hi Thad,

Welcome to the board.  Interested in how you are using Vanguard as a custodian as well.  

I follow your philosophy on indexing, and I've found that at several custodians you can keep costs as low as Vanguard, or even sometimes a little lower.

Schwab:  You can use any ETF you want, including Vanguard, with no transaction fees.
Fidelity:  Any ETFs you want, as well as Fidelity Index Funds, with no transaction fees.
Pershing:  State Street ETFs, with no transaction fees (and some index funds as well, though not Vanguard).
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missionshooter View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote missionshooter Quote  Post ReplyReply Direct Link To This Post Posted: Jun/16/2020 at 8:23pm
I like the name Thad.
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Moraen View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Moraen Quote  Post ReplyReply Direct Link To This Post Posted: Jun/17/2020 at 8:28am
This is an active management only forum.
I come in peace. I didn’t bring artillery. But I’m pleading with you, with tears in my eyes: If you fuck with me, I’ll kill you all. - General James Mattis

Fiduciary as Fuck - iMo
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Hacksaw View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hacksaw Quote  Post ReplyReply Direct Link To This Post Posted: Jun/17/2020 at 9:23am
What are your thoughts on:

The current president

Race relations

Corona

Black/All Lives Matter

That’s all we really talk about around here.
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B24 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote B24 Quote  Post ReplyReply Direct Link To This Post Posted: Jun/17/2020 at 9:29am
Originally posted by Hacksaw Hacksaw wrote:

What are your thoughts on:

The current president

Race relations

Corona

Black/All Lives Matter

That’s all we really talk about around here.

And every 6 months we have a good Windy/CLAB/Mathproblem/Linescreamer tirade when he comes back with a new screen name.
"If Bellicheat pulls that rabbit out of his a$$ with this kid at quarterback, I'll personally kiss his ring." - Sporsfreak, 09/20/16

"Jags/Vikes Super Bowl. Write it down" - Sportsfreak 01/19/18
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