Vanguard Joins the Crowd and Eliminates Trading Commissions
The firm follows Charles Schwab and TDAmeritrade to zero-commission trading.
Vanguard ETF commissions and stock commissions won’t exist anymore. The firm has expanded its commission-free online trading for stocks and options to all Vanguard Brokerage clients.
This expands Vanguard Brokerage’s commission-free platform that includes:
- All Vanguard mutual funds since 1977
- all Vanguard ETFs since 2010, and
- Nearly every ETF in the industry since 2018.
- Additionally, more than 3,000 non-Vanguard mutual funds have no transaction fee when traded online.
Vanguard follows firms like Charles Schwab, Fidelity, and TDAmeritrade, which all eliminated commissions in late 2019. These dramatic cuts also took aim at Fintech startups like Robinhood, who had generated a loyal following among Millennial investors.
Vanguard ETF Commissions
In addition to continuing to lower the cost of investing, Vanguard has brokerage enhancements planned for 2020, including a new trade path, an updated online experience, and a redesigned mobile app.
“The continued reduction and elimination of fees across the investment industry is a positive development for investors and one that Vanguard has long championed,” said Karin Risi, managing director of Vanguard’s retail investor group. “However, as we move to an environment in which ‘zeros’ dominate the headlines and explicit fees become implicit, we encourage investors to look more deeply at the total cost picture.”
Recent: Digital Assets: Singapore’s MXC Exchange to Launch Leveraged Crypto ETFs
Latest Alternative Investment News
Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…
An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…
Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…