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The Vanguard Group, headquartered in Malvern, Pennsylvania, was founded in 1975 and is a privately-owned investment advisor. The company currently has more than 20 million investors in approximately 170 countries, with US $5.3 trillion in assets under management. Vanguard is the largest provider of mutual funds in the world and the second largest provider of ETFs.
$0 commissions and no management fee
- Provides 1% cash back with M1 Plus
- Allows users to buy fractional shares
- Insured by the SIPC and the FDIC
- Offers over 80 expertly curated investment portfolios for beginners
One of the main benefits of opening an IRA with Vanguard, is that the company has some of the lowest fees in the industry, with no sales commissions, and consumers can open an IRA account with just $1,000.
Vanguard offers customer support via phone, email, and through social media, and customer support is available from 8:00 a.m. to 10:00 p.m. EST on weekdays.