Does anyone have experience with JPMorgan Chase? I see they charge $75 if you want to move out an asset. (Schwab wants $60 each to move an IRA, by the way.)
I had a nice wrap account with Wells Fargo with 100 free trades. I still have the 100 free trades, but there is little other reason to stay with them.
I started "collecting" mutual funds back when you pretty much bought them direct from the fund itself. Funds have come and gone (remember PBHG Growth? Heartland Value?), but I now have accounts at WF, Fido, TDA, Schwab, Fidelity, Vanguard, plus those pesky individual fund companies. Which is fine. For the time being. But eventually, it won't be fine. Particularly if I got hit by a bus tomorrow.
I have been aggregating at Vanguard, but they are not really the place for stock trading, and they are not local. (But Vanguard waives my Transaction Fees on mutual funds ...)
So the advantage I could see with JPM Chase is that lacking me, my wife could consolidate there and expect to walk to the Chase branch and receive money. Period.

Hi @Ted
50% of our equity holdings remains tech. and healthcare.

R & D spending is generally considered a positive sign for a company's future growth. The list may help provide more insight into where you choose to place your investment monies going forward, if you're not already in place.
15 U.S. companies largest R & D spending

Missed in all the brickbats here is that PRWCX is a top-notch fund from a top-notch fund family. I’ve owned it nearly since inception. @Crash has owned it for close to a decade. Many others in the discussion either own it or wish they did.
A penny’s variation in a fund’s NAV on a single day is short-term focus for sure. I don’t know why @Crash singled the fund out for attention on Tuesday. But, considering the number of threads here that often have little / nothing to do with mutual funds, his sin appears slight.
Some of us just enjoy discussing the workings of funds - particularly the ones we own. To me, saying something like “the fund has outperformed every year for 15 years” adds little to an understanding of the fund or of investing. Anyone can go to M*, Lipper, or another data base, list funds by category, and quickly learn how various funds in different categories have performed. And I suspect that’s about all some think there is to investing ... buy those funds that have done better than their peers over time. If that’s all you as an investor want / need, it’s fine with me. But to some of us the game is infinitely more interesting if we dissect the fund - looking for the reasons the fund has worked so well (or, sometimes, why it hasn’t).
No one needed to read this thread. There’s plenty of other options to persue here. Ted, alone, generously initiates more threads most every day than @Crash and many others do over the course of a year. (And I’m sure he doesn’t mean to dismiss this single thread as totally irrelevant as compared to all those he posts.)

Right, the lay terms get squishy (rightly or wrongly) in the real world of mfunds, that's all.
As for merit, I tend to align with this analysis myself:
https://www.usatoday.com/story/money/2015/01/16/investing-international-funds/21825245/
SP500 is plenty of foreign exposure, he says (using the word international :) )

As for names, sort of
VWIGX is also ~11% USA.
DODFX just under 8%, while per M* its benchmark, FLB, is around 1%. So strict.
FSIVX is 0% USA (Fido) or 1.5% (M*).
So sweating the small stuff is, well, just sweating.

I understand a new TRP Capital Appreciation Income fund being discussed. Income (from higher allocation of bond and other instruments) is the primary focus similar to that of Vanguard's Wellesleye Income fund, VWIAX.

TCAPX. Still pending. STILL!!!
https://www.sec.gov/Archives/edgar/data/1689311/000168931117000021/canpta-may35.htm

>> Do you have account with Merrill Lynch? You HAVE to call.
?? one can do a lot of stuff online, including all trading
did I miss a particular transaction or operation?

Apparently you did miss the memo:

Merrill Lynch said it will stop automatically sweeping customers’ uninvested cash into money market funds starting in September and instead move it into lower-yielding deposits at affiliated banks. Brokers will still be able to manually move the funds into money market accounts.”

https://www.americanbanker.com/morning-scan/jpm-breaks-free-merrill-to-sweep-uninvested-funds-away-from-mmfs
That's part of a summary of Jason Zweig's Aug 21 WSJ article, Merrill Lynch Joins Brigade Downplaying Money-Market Mutual Funds:

Merrill’s brokers will still be able to place their customers’ cash in higher-yielding money-market funds, but only by purchasing them manually.

https://www.wsj.com/articles/merrill-lynch-joins-brigade-downplaying-money-market-mutual-funds-1534880179 (google search or subscription required)
Vanguard is currently paying 1.9% (7 day yield) on VMFXX, which is the settlement account for VBS accounts. So unlike most brokerages, there isn't the need to move money to a higher yielding MMF. Though VMMXX is yielding about 1/4% more.
https://investor.vanguard.com/mutual-funds/list?filterAllAssetClasses=false&filterMoneyMarket=true&filterFiftyThousandAndUp=true&filterLowCostInvestor=true#/mutual-funds/asset-class/month-end-returns
At Fidelity, the default core account is SPAXX, currently yielding 1.53%. You can boost that by about 1/3% by moving the money into SPRXX/FZDXX. While you have to explicitly move the money into the higher yielding fund, Fidelity will automatically pull from that fund to cover purchases/withdrawals if there isn't enough in your core account.
https://www.fidelity.com/fund-screener/evaluator.shtml#!&ft=MM_all&mgdBy=F&ntf=Y&expand=$FundType&tab=ic
Chuck doesn't give you the option of a MMF for your settlement account:

Schwab no longer allows new enrollments into sweep money market funds (MMFs), with the exception of international accounts, Schwab Managed Accounts, Schwab Charitable accounts, and certain existing ERISA plans. Existing accounts with sweep MMFs will be migrated to the Bank Sweep feature over a period of years

So you have to move the money yourself into one of its "purchased" MMFs to get a decent yield:
https://www.schwab.com/public/schwab/investing/accounts_products/investment/money_markets_funds/purchased_money_funds
Getting back to Merrill Lynch. Here's their list of bank deposit accounts and MMFs available as "Cash management solutions". (When I download it, it gives me a date of 8/21/18).
https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf
As it notes, not all funds are available for all Merrill investors. Some of the "tickers" don't end in XX, and the Merrill Edge quote box doesn't recognize them. While the trade form does recognize standard symbols like GOFXX, when I enter one of them I get the message: "The symbol you entered is invalid. Please try again."
It looks like the only funds on Merrill's list that would be available to someone not investing through a managed account (that might be able to get an institutional share class) are the Blackrock Money Funds (BBIF). Tier 1 is paying 0.53%. Still I can't see how to buy that without calling a broker. Are there any MMFs you can buy online at Merrill Lynch or Merrill Edge?
https://www.blackrock.com/cash/en-us/products/282859/bbif-money-fund-1-usd
This exercise is confirming my expectations: Vanguard lowest cost/highest yield, Fidelity good yield, a bit easier to use, Schwab sticking you with low paying bank sweeps but offering options; Merrill Lynch sticking you with low paying sweeps and hiding alternatives if they even exist.

VOO is better yet, and yes, it was the four months preceding Aug 15 that initially gave XRLV the nontrivial leg up.
Same with the last month.
So you get performance very close to VOO (or IVV) with possible added value of outperformance under rising rates. Win-win. All I was saying. No kidding anyone.
Hard to beat VOO. If there were significant downsides to QUAL, XRLV, and CAPE (none shown thus far), they would not be of interest. Yet they seem close to equal to VOO and, often enough, better than. That's why my discussion title was what it was.
But you do you, and stay argumentative.

Fidelity even offers some of these funds with lower mins in taxable accounts, like EVBIX. Though in general, as you wrote, Fidelity offers the lower minimums only in retirement accounts.
Fidelity EVBIX page:
https://fundresearch.fidelity.com/mutual-funds/fees-and-prices/277905220?type=o-NavBar

"I am told by my ML handholder that etn status is not the reason, but its use of derivatives. Or something like that. "
There's that bogeyman, "derivatives". There are many people, myself included, who would say that ETNs are themselves intrinsically derivatives. Their values are derived from something else and there's nothing requiring an issuer to hold that "something else". See, e.g. this old (2010) page:
https://www.invest-faq.com/articles/deriv-exch-trade-note.html
Though others like the SEC don't consider ETNs automatically to be derivatives:
"Funds that are constrained by the limits of the proposed rule may also respond to incentives to gain market exposure with exchange-traded notes (ETNs) instead of derivatives."
https://www.sec.gov/comments/s7-24-15/s72415-85.pdf
Let's test ME's explanation. Here's a list purporting to include all ETNs. Most ETNs are either leveraged, or inverse, or based on commodities or futures, which would be derivatives under any definition (they don't hold actual wheat, for example).
https://www.firstbridgedata.com/page/list-of-etns-exchangetraded
We can look at ETNs that track the Alerian MLP index. Excluding leveraged ones, there's AMJ and AMU (also AMUB, which is just a second series of AMU). On the ETF side, there's AMLP, which does actually hold the component securities.
http://etfdb.com/etfdb-category/mlps/
Merrill Edge won't trade any of the ETNs, but is happy to sell you AMLP. It doesn't appear to be concerned about the index being tracked, only that the securities are ETNs rather than ETFs.
See if you can provide a counter example - ask Merrill Edge to name a single ETN that they'll sell you. If the handholder will only tell you yes or no for ETNs you explicitly name, walk through the whole list (above) of ETNs. I don't expect a single "yes".

from the article:

Some brokers place your cash into money market funds, often their proprietary, in-house funds. This allows the broker to earn fees from your idle cash. Some brokers “sweep” your cash from the brokerage into a bank, typically a bank they also own (an “affiliated” bank).

This is exactly what Schwab does with their Intelligent Portfolio's (robos). It is how they get away with not charging any "fee" for their robo-portfolio series. I haven't thought much about this up until now. I have been fine with it as MM and CD interest was very low, but as rates go up... I have to give that some thought. My robo has 10% in Schwab-cash contributing little to nothing for the portfolio.
I do purchase CD's and MM 'funds' from Schwab with my self managed cash. I believe the MM rate is about 1.89% and I just bought a 1 year CD (Morgan Stanley is the holder) paying 2.35% .

Some of the funds mentioned in this thread with this CHART , which begins with 2015 to date. 2015 and 2016 included, as the U.S. equity markets were doing a bit of funk during this period. I also included FBALX and FPURX , as both have excellent long term annualized returns in the Moderate Allocation category.

Bit short on time. But would love for somebody to dissect this fund and explain in detail how this fund continues to chalk-up double digit (or near double-digit) returns given its positioning by Price as “... a conservative value approach” to equity investing. The fund currently holds 4% in Price’s institutional money market fund. It is huge at over 30 Bil AUM (Lipper). That’s double DODBX or OAKBX according to the Lipper numbers I consulted. A glance at the top 10 holdings displays nothing remarkable save for the 4% money market position. It’s got automotive, financial and (a bit surprising - Microsoft) within the top 10. Fees are typical of other TRP funds at about 0.7%.
I’ve owned a small chunk of the fund for most of the 25 years I’ve been with Price. Have seen the fund go from a small opportunist (and nimble) mid-cap fund to a large hard to maneuver blue chip fund to whatever it’s morphed into today. Recent reading indicates they’ve been selling puts on equity funds. I’m not well versed on options, but gather that they limit both the potential upside and potential loss on a stock by doing this. The put-option also apparently generates additional income.
I’d be interested in knowing whether investor flows into the fund continued after it closed its doors to new investors. That’s hard to know, since AUM would have increased by benefit of fund performance as well. But if money is continuing to flow in that would partially explain (not completely) the fund’s sizzling performance, since that new money might well be driving up the individual assets which the fund owns - and would be buying with the new money.
Price has a great research and analytical team. I doubt there’s few better in the mutual fund universe. And, they do tilt their investment approach one way or the other depending on their very thorough macro economic readings. By now, the fund has become a bit of a flagship for the firm, so likely to receive their best money management people going forward. A loyal stable investor base goes a long way in aiding performance, as the need to sell holdings during market downturns is lessened.
I also hold OAKBX- which I believe should be about equal in performance. However, it has done nowhere near as well for several years. But OAKBX did survive the last bear market (‘07-‘09) with significantly smaller losses. And, I believe it would likely sustain smaller losses in another major downturn.

@davidmoran: You are correct, I used the wrong index fund (SPY). So let's look at the index fund I use IVV against XRLV. As far as risk/rating, I not a big believer in the MPT. If your happy owning XRLV is the keys to the kingdom rather than just the old boring haystack, be my guest. In my opinion your are just kidding yourself.
Regards,
Ted
YTD:
XRLV =6.57%
IVV= 8.21%
1yr.
XRLV=17.96%
IV 26.12%
3yr.
XRLV=15.34%
IVV= 15.52%
Expense Ratio's:
XRLV=.25%
SPY= .04%

JABAX would be the one to look at, MW, imo.
otoh, anyone can do what I do, if with less diversity: Go 50-50 or 60-40 (either direction), or whatever suits, divided b/w DSENX and PONAX.

Is there any way to buy into this fund? I was too late to the party unfortunately. Is there a good alternative that anyone would recommend? I'm in FPACX but it has greatly underperformed PRWCX.

Hank is correct: "This fund--- PRWCX--- walks on water." ... I can tell you that my other fund in the same category (according to Morningstar) is MAPOX from Mairs and Power, out of St. Paul, MN. YTD, PRWCX is +6.22% while MAPOX is up +3.07%. And MAPOX pays divs quarterly, while PRWCX pays everything only in one slug, in December. Looking back 10 years, MAPOX is up +8.52%, in top 11 percentile in-category. In the same 10-year period, PRWCX is up by +9.91%, in top 1% in-category. So, you can see that over the long-haul, that category's best performers are bunched-up, near the top of the heap. In the case of MAPOX, $10,000 has in that time frame become $22,658 while the same amount in PRWCX has grown to $25,730.

I am told by my ML handholder that etn status is not the reason, but its use of derivatives. Or something like that.
$7 is good; Fido is $5, if I am reading correctly; dunno why I balk, sez the guy who drives 3 miles to save $3 on scotch.
That Elements link is the single funniest piece of financial writing I have read in very many months.
But these are highly comical too, directly or indirectly.
https://www.etf.com/sections/blog/23314-the-worst-etf-in-the-world.html
https://www.elementsetn.com/ElementsETNUI/SPECTRUM-U.S.-ETN.aspx
Up a dime today. $4M in assets, sez M*. Strategy almost CAPE-like, har.

My investments are split about 50-50 between Schwab and Vanguard. Sort of accidental, related to retirement accounts at the two main places where I worked. Both are fine, but if I ever consolidate I'll go with Schwab. I like their web site better overall.

This often is the life of an allocation fund...remember PRWCX is not an all equity fund. It's 68% allocation to equities is on the low side for this fund IMHO. Cash is 4.5% and "other" is over 5%. Anyone have a clue what "other" might be?
Hang in there Crash...This fund YTD has returned 6.26% significantly out distancing its peers.

Here it is compared against the S&P 500 since 1986:

Hope that helps...