Client Benefits

Benefits at a glance

No matter how much you invest with Vanguard, you benefit from competitive long-term performance, exceptional service, and low costs.

Account fees and commission schedule

All Vanguard Brokerage clients pay $0 commission to trade ETFs (exchange-traded funds) and stocks online. You also have access to more than 160 no-transaction-fee mutual funds from Vanguard and more than 3,000 funds from other companies.

Review our complete commission & fee schedules

Based on the size of your Vanguard account, you can also enjoy these benefits:

Vanguard assets

Under $3,000

Account service fees

$20 for most accounts unless a waiver applies*

Online stock and ETF trades

$0

Trust administration

—

Ongoing portfolio advice

—

Vanguard assets

Starting at $3,000

Account service fees

$20 for most accounts unless a waiver applies*

Online stock and ETF trades

$0

Trust administration

—

Ongoing portfolio advice

Fee-based through Vanguard Digital Advisor

Vanguard assets

Starting at $50,000

Account service fees

$20 for most accounts unless a waiver applies*

Online stock and ETF trades

$0

Trust administration

—

Ongoing portfolio advice

Fee-based through Vanguard Personal Advisor Services

Vanguard assets

Starting at $1 million

Account service fees

None

Online stock and ETF trades

$0

Trust administration

Fee-based through Vanguard National Trust Company

Ongoing portfolio advice

Fee-based through Vanguard Personal Advisor Services

Vanguard assets

Starting at $5 million

Account service fees

None

Online stock and ETF trades

$0

Trust administration

Fee-based through Vanguard National Trust Company

Ongoing portfolio advice

Fee-based through Vanguard Personal Advisor Services

Vanguard assets Account service fees Online stock and ETF trades Trust administration Ongoing portfolio advice
Under $3,000 $25 for most accounts unless a waiver applies1 $0 — Fee-based through Vanguard Digital Advisor1
Starting at $3,000 $25 for most accounts unless a waiver applies1 $0 — Fee-based through Vanguard Digital Advisor1
Starting at $50,000 $25 for most accounts unless a waiver applies1 $0 — Fee-based through Vanguard Personal Advisor
Starting at $500,000 $25 for most accounts unless a waiver applies1 $0 — Fee-based through Vanguard Personal Advisor Select
Starting at $1 million $25 for most accounts unless a waiver applies1 $0 Fee-based through Vanguard National Trust Company Fee-based through Vanguard Personal Advisor Select
Starting at $5 million None $0 Fee-based through Vanguard National Trust Company  Fee-based through Vanguard Personal Advisor Wealth Management

See what Vanguard assets qualify for these services 

See what Vanguard assets qualify for these services

 

To determine eligibility, we first calculate your individual qualifying assets. If applicable, we determine final eligibility by combining the qualifying assets of clients who share your residential address.*

What is a qualifying asset?

  • Any assets under management of Vanguard Personal Advisor.
  • Vanguard mutual funds and Vanguard ETFs held in certain personal, corporate, and organizational accounts qualify. These account types include:
    • Individual non-retirement.
    • Education savings accounts.
    • IRAs.
    • Joint.
    • Trust.
    • Custodian/guardian.
    • UTMA/UGMA.
    • Estate.
    • Sole proprietorship.
    • SEP IRA.
    • Corporate.
    • Partnership.
    • Exempt/Non-Exempt Unincorporated Organization.
    • Hospital.
    • School Distrist/Political.
    • Endowment.
    • Foundation/Family Foundation.

Note: Vanguard assets in the following accounts may be included in eligibility determination if you also have a personal account holding Vanguard mutual funds or Vanguard ETFs:

  • Vanguard 529 Plan.
  • 403(b).
  • Employer-sponsored retirement plans for which Vanguard provides recordkeeping.

Assets held in other account types are not eligible to be included in service eligibility determination.

Review of qualifications

Your qualification criteria, such as asset level, is reviewed periodically and could change at any time. If you continually fail to meet the applicable qualification criteria, Vanguard reserves the right to discontinue your enrollment in any of these services or reassign you to the appropriate service level, without prior notification.

Vanguard also reserves the right to amend or cancel selected features and benefits at any time without prior notification.

In addition, ongoing access 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 and other non-residential addresses are not eligible for aggregation when determining service levels.

1A $25 annual account service fee is charged for all Vanguard Brokerage Accounts, as well as for each fund held in a legacy mutual fund-only account by clients with less than $5 million in qualifying Vanguard assets. For brokerage clients, Vanguard Brokerage doesn't charge the fee to clients who elect 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 doesn't charge the fee to clients with at least $5 million in qualifying Vanguard assets. See the full commission and fee schedules for details on additional exclusions.

 

For the 10-year period ended September 30, 2024, 6 of 6 Vanguard money market funds, 82 of 98 Vanguard bond funds, 21 of 23 Vanguard balanced funds, and 168 of 189 Vanguard stock funds—for a total of 277 of 316 Vanguard funds—outperformed their peer group averages. Results will vary for other time periods. Only funds with a minimum ten-year history were included in the comparison. Source: LSEG Lipper. Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit our website at www.vanguard.com/performance.

Vanguard average ETF and mutual fund expense ratio: 0.08%. Industry average ETF and mutual fund expense ratio: 0.44%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.

You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free online) or through another broker (who may charge commissions). See the Vanguard Brokerage Services Commission and Fee Schedules for limits. Vanguard ETF Shares are not redeemable directly with the issuing Fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.

For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

All investing is subject to risk, including the possible loss of the money you invest.

Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.

The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. Find VAI's Form CRS and each program's advisory brochure here for an overview.

VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses.