Client Benefits

Vanguard annual account service fees

Full transparency on fees and which ones you can avoid.

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Account type Fees How you can avoid the fee

Nonretirement accounts

Roth, traditional, and Single-participant SEP-IRAs

UGMAs, UTMAs, and education savings accounts

Brokerage accounts:

$25 for each account. Vanguard Brokerage Services® won’t assess the fee if a client’s total qualifying Vanguard assets are at least $5 million.

See the Vanguard Brokerage Services commission and fee schedules for more information.

Mutual fund-only accounts:

$25 for each Vanguard mutual fund. We'll waive the fee if you have at least $5 million in qualifying Vanguard assets. Refer to the applicable fund prospectus for other exclusions that may apply.

If you’re the primary account owner, you can eliminate the fee on brokerage accounts by signing up for e-delivery of statements and the annual privacy policy notice; confirmations; reports, prospectuses, and proxy materials; and notices, amendments, and other important account updates. In addition, Vanguard Brokerage Services does not charge the fee to clients who have an organization or a trust account registered under an employee identification number (EIN) or brokerage accounts enrolled in an advisory program serviced by an affiliate of Vanguard.

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403(b) plans

$5 per month per Participant ($60 per year).

The fee is charged for every participant in a plan. It's a flat fee that won't increase as your account assets grow.

The Vanguard 529 Plan

N/A

N/A

See what Vanguard assets qualify

 

Eligibility is first calculated using qualifying assets for an individual client. We then combine the qualifying assets of clients sharing a residential address to determine final eligibility*.

 

Assets that qualify

  • Any assets under management of Vanguard Personal Advisor Services.
  • Vanguard mutual funds and Vanguard ETFs held by a client in certain personal accounts qualify. Personal account types include: individual non-retirement, education savings accounts, IRAs, Joint, Trust, Custodian, Guardian, UTMA, UGMA, Estate, Sole Proprietorship, and Single-Participant SEP IRA plans.

Note: Vanguard assets in a Vanguard 529 Plan, Vanguard Variable Annuity, Multi-participant SEP IRA plans, SIMPLE, i401k, 403(b), family partnership, family corporation, or employer-sponsored retirement plans for which Vanguard provides recordkeeping services may be included in determining eligibility if you also have a personal account holding Vanguard mutual funds or Vanguard ETFs. Assets held in other account types are not eligible to be included in service eligibility determination.

 

We review qualifications periodically

The qualification criteria (for example, asset levels) are reviewed periodically and could change at any time. Vanguard reserves the right to discontinue enrollment in any of these services or reassign any investor, without prior notification, to the appropriate service level if the investor fails to continue to meet the applicable qualification criteria. Vanguard reserves the right to amend or cancel selected features and benefits at any time without prior notification.

In addition, ongoing access by any particular investor to individual services, discounts, and exemptions is subject to periodic review and may be restricted based upon criteria established solely by Vanguard. While these services are complimentary, some underlying services may charge fees and expenses. Vanguard does not guarantee any level of service.

*Business addresses and other non-residential addresses are not eligible to be aggregated for purposes of determining services.

Account type

Nonretirement accounts

Roth, traditional, and SEP-IRAs

UGMAs, UTMAs, and education savings accounts

Fees

Brokerage accounts:

$25 for each account. Vanguard Brokerage Services® won’t assess the fee if a client’s total qualifying Vanguard assets are at least $5 million.

See the Vanguard Brokerage Services commission and fee schedules  for more information.

Mutual fund-only accounts:

$25 for each Vanguard mutual fund. We'll waive the fee if you have at least $5 million in qualifying Vanguard assets. Refer to the applicable fund prospectus for other exclusions that may apply.

How you can avoid the fee

If you’re the primary account owner, you can eliminate the fee on brokerage accounts by signing up for e-delivery of statements and the annual privacy policy notice; confirmations; reports, prospectuses, and proxy materials; and notices, amendments, and other important account updates. In addition, Vanguard Brokerage Services does not charge the fee to clients who have an organization or a trust account registered under an employee identification number (EIN) or brokerage accounts enrolled in an advisory program serviced by an affiliate of Vanguard.

Sign up for e-delivery

Account type

SIMPLE IRAs

Fees

$25 for each Vanguard mutual fund in each account.

How you can avoid the fee

We'll waive the fee if you have at least $50,000 in qualifying Vanguard assets.

See what Vanguard assets qualify

Account type

403(b) plans

Fees

$5 per month per Participant ($60 per year).

How you can avoid the fee

The fee is charged for every participant in a plan. It's a flat fee that won't increase as your account assets grow.

Account type

Individual 401(k) & Individual Roth 401(k) plans

Fees

$20 for each Vanguard mutual fund in each account.

How you can avoid the fee

We'll waive the fee for all participants in the plan if at least one participant has at least $50,000 in qualifying Vanguard assets.

See what Vanguard assets qualify

Account type

Individual 401(k) & Individual Roth 401(k) plans

Fees

$20 for each Vanguard mutual fund in each account.

How you can avoid the fee

We'll waive the fee for all participants in the plan if at least one participant has at least $50,000 in qualifying Vanguard assets.

See what Vanguard assets qualify

Account type

The Vanguard 529 Plan

Fees

N/A

How you can avoid the fee

N/A

See what Vanguard assets qualify

 

Eligibility is first calculated using qualifying assets for an individual client. We then combine the qualifying assets of clients sharing a residential address to determine final eligibility*.

 

Assets that qualify

  • Any assets under management of Vanguard Personal Advisor Services.
  • Vanguard mutual funds and Vanguard ETFs held by a client in certain personal accounts qualify. Personal account types include: individual non-retirement, education savings accounts, IRAs, Joint, Trust, Custodian, Guardian, UTMA, UGMA, Estate, Sole Proprietorship, and Single-Participant SEP IRA plans.

Note: Vanguard assets in a Vanguard 529 Plan, Vanguard Variable Annuity, Multi-participant SEP IRA plans, SIMPLE, i401k, 403(b), family partnership, family corporation, or employer-sponsored retirement plans for which Vanguard provides recordkeeping services may be included in determining eligibility if you also have a personal account holding Vanguard mutual funds or Vanguard ETFs. Assets held in other account types are not eligible to be included in service eligibility determination.

 

We review qualifications periodically

The qualification criteria (for example, asset levels) are reviewed periodically and could change at any time. Vanguard reserves the right to discontinue enrollment in any of these services or reassign any investor, without prior notification, to the appropriate service level if the investor fails to continue to meet the applicable qualification criteria. Vanguard reserves the right to amend or cancel selected features and benefits at any time without prior notification.

In addition, ongoing access by any particular investor to individual services, discounts, and exemptions is subject to periodic review and may be restricted based upon criteria established solely by Vanguard. While these services are complimentary, some underlying services may charge fees and expenses. Vanguard does not guarantee any level of service.

*Business addresses and other non-residential addresses are not eligible to be aggregated for purposes of determining services.