But over the decades, it’s grown to be a comprehensive brokerage firm. Fidelity started primarily as a mutual fund company as well. Vanguard might be best described as a fund company that offers brokerage services.
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Invest Your Dough: Get your first $5,000 managed for free from Wealthfront. It’scommission-free one of the most commonly used investment platforms for taxable brokerage accounts, IRAs, and even employer-sponsored retirement plans. But it’s also the second-largest trading platform in the world, after Charles Schwab. Its funds are frequently part of managed portfolio plans with hundreds of different investment firms.įidelity is also well known for its mutual funds. Vanguard is the world’s largest provider of mutual funds, and the second-largest provider of exchange-traded funds(ETFs). The two are also among the best-known investment platforms. Fidelity has nearly $2.5 trillion in client assets, while Vanguard has well over $5 trillion. Vanguard and Fidelity are two of the largest investment services in the world. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. We may, however, receive compensation from the issuers of some products mentioned in this article. You can trust the integrity of our balanced, independent financial advice.
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