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 applies* $0
Starting at $3,000 $25 for most accounts unless a waiver applies* $0 Fee-based through Vanguard Digital Advisor®
Starting at $50,000 $25 for most accounts unless a waiver applies* $0 Fee-based through Vanguard Personal Advisor
Starting at $500,000 $25 for most accounts unless a waiver applies* $0 Fee-based through Vanguard Personal Advisor Select
Starting at $1 million $25 for most accounts unless a waiver applies* $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

*A $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.

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.