I read Big Finance Might Be Dooming the SPLC — Even Before Its Day in Court this morning. Basically, all three halted donations to the Southern Poverty Law Center, apparently based on the (bogus, IMO) indictment levied against it by the US DOJ. From this recent article by the NY Times:
Last week, the Justice Department indicted the group and accused it of financial crimes. This week, the donor-advised funds that bear Fidelity’s and Vanguard’s names also cut the group off.
Given this apparent obedience in advance, I'm starting to wonder wonder what the alternatives are to Fidelity, Schwab & Vanguard. The investing page on the wiki only mentions those three: "Good brokers to purchase shares of index funds from include Vanguard, Fidelity, and Charles Schwab."
Are there other good options in the low-fee/widely available arena?
Alternatives to Fidelity, Schwab & Vanguard?
byu/smontanaro inpersonalfinance
Posted by smontanaro
4 Comments
Hard to beat those three in my experience, personally a customer of two of them. I was similarly concerned about the slowing or stoppage of support to the SPLC and briefly sought alternatives in the same way as you, but found little. Did end up finding [this article](https://www.bitsaboutmoney.com/archive/nonprofit-indicted-bank-fraud/) from an author I’ve previously read and trusted on financial industry issues which abated my concerns.
What state are you in?
I’m a longtime supporter of the SPLC and hold a significant portion of my assets at Vanguard – this is very disheartening to hear.
Capital Group/American Funds