Account fees and commission schedule
All Vanguard 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
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
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
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
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
| Vanguard assets | Account service fees | Online stock and ETF trades | Trust administration | Ongoing portfolio advice |
| Under $3,000 | $20 for most accounts unless a waiver applies* | $0 | — | — |
| Starting at $3,000 | $20 for most accounts unless a waiver applies* | $0 | — | Fee-based through Vanguard Digital Advisor® |
| Starting at $50,000 | $20 for most accounts unless a waiver applies* | $0 | — | Fee-based through Vanguard Personal Advisor |
| Starting at $500,000 | $20 for most accounts unless a waiver applies* | $0 | — | Fee-based through Vanguard Personal Advisor Select |
| Starting at $1 million | None | $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
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.
- Single-participant SEP IRA plans.
- 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.
- Multi-participant SEP IRA plans.
- SIMPLE IRA.
- i401k.
- 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.
*Vanguard Brokerage Services doesn’t charge the fee to: 1) clients who have an organization or a trust account registered under an employee identification number (EIN); 2) clients who’ve elected e-delivery of statements and the annual privacy policy notice; confirmations; reports, prospectuses, and proxy materials; and notices, amendments, and other important account updates; 3) brokerage accounts enrolled in an advisory program serviced by an affiliate of Vanguard; or 4) clients with at least $1 million in qualifying Vanguard assets.
For the 10-year period ended December 31, 2022, 6 of 6 Vanguard money market funds, 80 of 90 Vanguard bond funds, 21 of 24 Vanguard balanced funds, and 142 of 184 Vanguard stock funds for a total of 249 of 304 Vanguard funds outperformed their Lipper peer-group averages. Results will vary for other time periods. Only mutual funds and ETFs (exchange-traded funds) with a minimum 10-year history were included in the comparison. Source: Lipper, a Thomson Reuters Company. The competitive performance data shown represent past performance, which is not a guarantee of future results. View fund performance.
Vanguard average ETF and mutual fund expense ratio: 0.08%. Industry average ETF and mutual fund expense ratio: 0.47%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2022.
You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free) or through another broker (which 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 the 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.