Vanguard Announces New Fees (Except for the Rich)
Rob Berger Rob Berger
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 Published On May 2, 2024

Vanguard just announced a slate of new fees on everything from getting help buying Vanguard funds to transferring accounts away from Vanguard. If you have at least $1 million or $5 million at Vanguard, some fees are waived.

Here are the new fees:

**Broker-assisted commission**: A $25 broker-assisted commission will be charged for each Vanguard mutual fund and Vanguard ETF® (exchange-traded fund) trade placed over the phone and for closing transactions placed by Vanguard Brokerage Services® to cover a margin call or satisfy an outstanding debt owed in your brokerage account. (This fee will not be charged for brokerage accounts enrolled in a Vanguard-affiliated advisory service or for clients with $1 million or more in qualifying Vanguard assets.)

**Certificate deposit fee**: A $100 processing fee (per CUSIP) will be charged for the deposit of physical share certificates into your brokerage account.

**Class Action Service Fee**: 20% for Vanguard to process class action claim filing, but you can opt out of the service.

**Foreign securities and American Depositary Receipts (ADRs) dividends fee**: A fee of 1% on the gross dividend amount will be charged when a dividend is paid on a foreign or ADR asset held in U.S. dollars.

**Restricted security legend removal fee**: A $250 processing fee may be charged for research and removal of a restriction on a security held in your brokerage account.

**Account closure and transfer fee**: A $100 processing fee may be charged for account closure or transfer of account assets to another firm. (The fee will not be assessed for clients who hold at least $5 million in qualifying Vanguard assets.)

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While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

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