<prompt> Human: I am looking into switching some mutual funds non-Vanguard, invested at Schwab into a Vanguard brokerage account probably leaning towards a three-fund portfolio.The naive way to do this in my mind is to sell the shares of the funds at Schwab, transfer the money to Vanguard, and invest in the Vanguard mutual funds. Is this the best way to do it? Is there a more direct transfer process to Vanguard if I am intending to exchange which funds the money is invested in? What are the tax implications of doing it this way?  <response>: You may be able to transfer the assets in-kind to Vanguard, and then directly sell the funds there to purchase the funds you want.Note that Schwab also offers excellent, low-cost index products, and if you only want to transfer to Vanguard to purchase these kind of products, consider instead keeping your assets at Schwab and exchanging into their index mutual funds andor index ETFs. 