UGMA/UTMA fidelity or vanguard

[sandy]

Dear all

which one to choose to start a UTMA/UGMA- fidelity or vanguard and why?

Thanks

[spiritrider]

Yes, because.

[VagabondMD]

I have had UTMA accounts for my kids with Fidelity for many years. My son, now 23, now has control of his account as an individual taxable account. I do not have experience with Vanguard for a UTMA, but I do have both Fidelity and Vanguard taxable accounts and have had both for 20+ years. Not specific to UTMAs, in most areas, the customer service experience is better with Fidelity, and I would expect that advantage to also favor having a UTMA account (or any other account that is offered) at Fidelity.

[Larry Ragman]

I did my UTMA accounts for both kids at Vanguard. Already had other accounts there and I preferred the investment options. Transferred control to the kids after college. Never had an issue.

[PhotonsRGR8]

Started UTMA for 2 kids at Vanguard 2006. When they reached majority transferred both to Fidelity brokerages for ease of use. The only reason I still have Vanguard is distributing risk to have more than one major brokerage and sharing financial oversite with a parent. Vanguard was superior in mid 1990s but by 2005 Fidelity was superior.

[Notsobad]

We used Schwab. Some of their funds have lower minimums.

I think any of these big three are good enough.

[Kamban]

I have UTMA with Vanguard but in the last couple of years I found th eface to face interaction with the local Schwab branch people to be better than the terrible phone line waiting at Vanguard.

Schwab or Fidelity.