FYI: As a longtime Fidelity customer (and former writer for its web site), I’ve long appreciated the company’s customer service and wide array of investment choices. But when I tried to buy the Admiral class shares of a Vanguard mutual fund recently, I was politely told that it wasn’t available—no matter how good a customer I was.
Vanguard, it turns out, is keeping some of its lowest-cost products off the shelves of fund “supermarkets” like Fidelity and Schwab. While investors can purchase most Vanguard mutual funds at these firms, they will have to buy directly from Vanguard if they want the lowest-cost Admiral shares of its actively managed funds.
Regards,
Ted
https://www.barrons.com/articles/vanguard-lowest-cost-funds-fidelity-retirement-schwab-51556315451?mod=djem_b_Weekly barrons_daily_newsletter
