The ULTIMATE Brokerage Comparison: Vanguard vs CommSec vs CMC
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- Опубликовано: 21 июл 2024
- I compare Vanguard’s new Personal Investor Account with CommSec and CMC Market’s Brokerage platforms. Sign up to my weekly newsletter: sanjee.substack.com
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Links:
Vanguard Personal Investor Account:
Vanguard PIA PDS: www.vanguard.com.au/personal/...
CommSec: www.commsec.com.au/
CMC Platform: www.cmcmarkets.com/en-au/stoc...
Timestamps:
0:00 - Intro
1:35 - What is the platform?
2:32 - The first version
3:44 - The second version
4:50 - Comparing with CMC and CommSec
12:04 - When should you consider this platform?
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Useful links:
Australian Government website on personal finances: moneysmart.gov.au
Disclaimer:
The information provided in this video is general in nature only and does not constitute personal financial advice. You should also consider seeking the advice of an investment advisor who holds an Australian financial services (AFS) licence or is a representative of an AFS licensee. Be sure to work with someone who understands your investment objectives and tolerance for risk. Your investment advisor should understand these products, be able to explain whether or how they fit with your objectives, and be willing to monitor your investment alongside you. There are some Amazon Affiliate links above - if you purchase from there, at no additional cost to you, I will earn a small commission for each sale. 
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Great video! Thank you Sanjee!
My pleasure Maggie
I really enjoy all of your videos. I can listen to them endlessly. I also learn something new and walk away asking myself big questions. Thank you so much!
Thank you! I'm glad they're helpful!
I only buy Vanguard ETFs and I like dividends paid into my cash account so it works out perfectly. Good points on buying outside of Vanguard products.
Great review, one thing that everyone misses is that when you use any of the big 4 banks it is cheaper brokerage if you say have a comm account but if you choose to stay with your current bank they charge higher brokerage $29.95. The big 4 still are the most expensive to use but just thought to mention this.
Hahha your energy (outrage!) In this video made me laugh. This was quite useful for me (as a beginner investor) so much to learn over and above the products to invest in. Phew!
You are doing great job and very good research.
Thanks so much Van Vo!
Hi Sanjee. Great videos. Keep up the great work. Question. Does the MER fee still apply to the individual Vanguard ETFs when using Vanguard’s platform? This wasn’t clear to me. If the MER is nil, I see some benefit. If they still apply I see none. Cheers Chriso
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Whats not mentioned is that the VPI platform provides administrative support by logging transaction records and providing summary tax statements. All investor wrap services/advisor platforms use a custodial model for efficiency. This all involves cost which requires some cost recovery unless they want to be a charity.
Instead of comparing to pure brokerage services like Comsec and CMC it might be more relevant to compare to other platform (custodial) services such as Netwealth for example. Whilst not offering the same degree of investment choices the cost comparison clearly favors Vanguard. Compare fees with $500000 in VPI and Netwealth with a spread 50% etfs and 50% direct shares for example. VPI good if you want to not be a trader and keep life simple.
Some investors might be prepared to go non chess in a platform like VPI for the convenience factor. Poor record keepers investing widely and directly may create themselves headaches with distributions, dividends, foreign income events, cost base adjustments and capital gain/ loss events each year at tax time. Not to mention all the paper mail received and foreign country tax forms to fill out.
I accept there are some portfolio tracking services such as Sharesight which can be directly linked to certain brokers for record keeping and tax reports purposes.
Horses for courses
Sanjee, you are so diplomatic. I would have said Vanguard platform is absolutely garbage and a rip off. Especially if you are inactive buying and selling like I am.
Haha yeah there were a few sections I had to edit out 🤭
I share the same frustration as you mate. It feels like Vanguard which used to be a leader in cheaper option for passive investment in aussie have lost the plot. If they introduce regular auto investment and DRP for Vanguard ETF and reduce their fees, that will attract more investors for sure. Hope the improvements comes soon
hey sanjee do u have a step by step video on buying vanguard etf , love your videos .hello from Adelaide :)
Hi Sanjee, can you please explain something about Pearler platform? That would be great 👍
Sanjee, thoughts on the top 2 ETFs to invest in as an aus investor for long term ? Thank you
What do you think of the Vanguard managed funds vs ETFs?
Hey Sanjee, can you recommend a good dividend ETF?
Hi Sanjee, why you did not mention about Vanguard managed fund ? The reason I use Vanguard personal Investor is to invest in their managed fund, which is not available in other broker
I see they have a DRP for their ETFs now. At least the ones I'm interested in. They must've listened to you Sanjee :D
The main reason they are charging 0.1% direct shares fee is to discourage people to buy individual shares.
I looked into the vanguard platform about 6 months ago and I thought it was very ordinary
Hi Sanjee, can you pls pla do a review of stockspot. Pls!
What can you say about the new Superhero platform?
Would include IG market, cheapest brokerage I believe
from 129 reviews CMC has a review score on Product Reviews of 1.3 stars, I need a broker recommendation for set and forget ETF investing, is Self Wealth a better broker?
Something not mentioned here is that you can't buy ALL Vanguard ETF's through the personal investor platform, for instance, the US Total Market Index ETF (VTS) is unavailable. But it IS available through Commsec. That's kinda screwed up if you ask me.
Thanks for pointing this out!
Can you do a video about the new ETF CRYP?
Hi blacksh1rt, yep just published one ruclips.net/video/PSO2eEBfQwY/видео.html
Thanks
🙌🙌
You mention that Vanguard is going to bring a superannuation fund, is it true ? thanks
Yeah it’s meant to be sometime this year (2021) - if you Google it you can signup to a mailing list where they’re meant to keep us updated about it.
Vanguard is letting greed mess up their offering. All they needed to do was focus on long term ETF investors. So have $0 fees, be CHESS sponsored & give free brokerage on the purchase of their ETFs for deposits over $1K or even 5K. They would have made their brokerage back on management fees & significantly grown their market cap for years to come. They could even charge a $20 fee if the customer sells within 12 months or buys from another ETF provider.
Commsec halved their brokerage costs today. Given Vanguard dont even offer CHESS sponsorship, theres literally no chance i would buy through them.
Yes I'll have to have another look at Vanguard after they've had some time to figure out what people actually want. Thanks for the heads up about CommSec and their brokerage. For anyone else: www.commsec.com.au/support/rates-and-fees.html
Popcorn
The vanguard in France is even shit*er, I think it's a government policy thing.
Vanguard vs Etoro
1. Depositing to USD
2. Security
3. Long Term
4. Voo / Other index funds
The way you describe your hesitation to make a video about Vanguard's platform in the past, because it would be negative, makes you look untrustworthy.
If you feel you cant speak negatively about a company/product, how can I trust your advice surrounding that company/product?