Charles Schwab and Fidelity

August 22, 2026

Join us for today’s podcast as Crystal discusses the question of whether clients need to diversify between different brokerage firms like Charles Schwab, Vanguard, or Fidelity as part of their investment strategy. She explains that brokerage firms are responsible for executing trades, holding assets, providing account statements, and handling tax reporting, but they are not responsible for providing investment advice or recommending specific investments. Crystal recommends that most people should not diversify across multiple brokerage firms due to the complexity of managing multiple accounts and the administrative burden, particularly for average investors. Instead, she emphasized that proper diversification should occur within the different types of asset classes within a single brokerage account, including domestic fixed income, international fixed income, equity investments, natural resources, real estate, tangibles, and values-based investing. Tune in today to help answer: Do I need to diversify??

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