<prompt> Human: Vanguard has invited me to convert my mutual fund account to a brokerage account. I dont know if this is actually a benefit to me. I have about 300k in it. I make about one trade a year. Can anyone tell me why I should or should not do this?  <response>: Vanguard used to call this an account upgradeIt would turn two accounts into one which should simplify how you manage things. One downside Ive seen mentioned applies only to folks who work at a financial institution and are required by their companys compliance department to only have a mutual fund account at Vanguard, not a brokerage account since their stock trades must be tracked by their company.rpersonalfinancecomments2id6qtvanguard_wants_to_change_my_account_type_should_irpersonalfinancecomments43anuhpros_cons_of_updating_vanguard_mutual_fund 