<prompt> Human: Ive decided to start investing in something other than my checking account, but I have two detail-oriented questions about choosing a fund. Since my 401k is in Vanguard, would I be assuming more risk by investing in Vanguard funds? Ie, is there an all-my-eggs-in-one-basket problem by having my 401k and my non-retirement investing all with Vanguard? Or, can I be relatively certain Vanguard wont disappear one day? Assuming I shouldnt go with Vanguard, I was going to buy Fidelity funds. Is there any advantage to opening a Fidelity account specifically for buying Fidelity shares, or is this functionally equivalent to buying those shares from a Schwab account that I already have?Assistant: This may help a bit. Human: That was very helpful, thanks for the pointer.I guess my second question still stands: Is there any advantage to openinglinking a Vanguard Brokerage Account to buy Vanguard funds, or is it equivalent to buying the same funds from a Schwab account I already own?  <response>: It all comes down to the fees that youd have to pay. If Schwab doesnt charge any extra fees that Vanguard wouldnt for buying Vanguard funds, then theres no difference. The three brokerages youve mentioned typically dont charge any sales charges or extra fees for buying that brokerages funds, but they might charge you fees for buying funds from other brokerages. 