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Post by house on Jun 1, 2023 16:58:17 GMT
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Post by chang on Jun 1, 2023 17:51:44 GMT
“If you’re the primary account owner, you can eliminate the fee on brokerage accounts by signing up for e-delivery of statements and the annual privacy policy notice”
No biggie.
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Post by house on Jun 1, 2023 20:05:17 GMT
I like to have a hard copy every month.
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Post by habsui on Jun 1, 2023 20:06:46 GMT
I like to have a hard copy every month. Print the posted pdf.. |
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Post by bizman on Jun 1, 2023 22:36:13 GMT
I pay the $25 per year.
After my Mom passed away last year, we lost internet access to her account during a 6-8 week transition period where I was making lots of phone calls and jumping through hoops with customer service reps that weren't on top of what to do in the transition from a revocable trust to an irrevocable trust. It was not a smooth process and gave us some real anxiety wondering when, and even if, we'd get things straightened out. Thankfully, we were set up to receive monthly statements in the mail. Without those, I would have been really tearing my hair out because with no internet access to the account we couldn't log in to get statements online.
For me, $25 per year is cheap insurance against something going wrong. I'm happy to pay it for peace of mind.
EDITED TO ADD:
Though if they continue increasing the price ($20 last year and $25 this year), I will likely look elsewhere to move our accounts. Does Fidelity nickel and dime people who want mailed paper statements this way?
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Post by gman57 on Jun 1, 2023 23:44:03 GMT
I used to download my statements monthly but now have moved to quarterly... just in case. . It's like getting receipts at the gas pump. I did that every time but after 10+ years of never finding any problems I no longer get them....truly liberating.
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bruno
Lieutenant
Posts: 56
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Post by bruno on Jun 2, 2023 0:05:38 GMT
I just moved EJ and VG accounts to SCH. I can login to EJ but can not see anything. Every time i click on something is says call my VG broker. I can also login to my VG and got that email this AM. I use to get my statements notice by email but i was not able to view to see what options i could choose now. I was going to call and ask to close the account but dont want to be on hold that long.
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Post by roi2020 on Jun 2, 2023 2:56:39 GMT
“If you’re the primary account owner, you can eliminate the fee on brokerage accounts by signing up for e-delivery of statements and the annual privacy policy notice” No biggie.
This option for eliminating the fee has been in place for years.
I download my statements as PDFs and save them locally on my hard drive.
Easy way to avoid this extra cost...
The account service fee was $20 as of 06-30-2020 and ISTR it was levied on accounts with less than $1M then.
The Vanguard Broker-Dealer Client Relationship Summary doc dated 04-20-2022 didn't list the service fee amount.
Edit: Received email from Vanguard earlier today (Subject: Updates to Form CRS and our commission & fee schedules) which mentions the new $25 account service fee.
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Post by yakers on Jun 3, 2023 4:33:47 GMT
Digital is OK for me although I do like tax forms on paper even though Turbotax downloads from Vanguard. $1M is nothing anymore, $5M is the new $1M I guess.I would move from VG tomorrow if I found something better but every place has trade offs. May look at someplace like Schwab to help my wife manage if I decline/depart.
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Post by yogibearbull on Jun 3, 2023 11:15:31 GMT
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Post by retiredat48 on Jun 3, 2023 17:25:21 GMT
house ,...Hi...welcome. Refresh me...I get paper statement as well as electronic. Highly recommend others keep a paper trail, for various reasons. However, I don't think I am billed $25 for this...or any other fee. Are flagship members exempt? Portfolio size a factor? R48
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Post by yogibearbull on Jun 3, 2023 17:33:19 GMT
E-delivery is an exception for VG fees.
I think that VG bills annually for its account fees, so if one is also getting paper statements, but not have a multimillion dollar account, one may find an annual charge.
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Post by roi2020 on Jun 3, 2023 18:40:21 GMT
Vanguard email excerpted below.
We've also updated our Vanguard Brokerage Services commission & fee schedules, effective June 1, 2023.
The annual account service fee per Vanguard Brokerage Account is now $25.
We don't charge this fee to any of the following:
- 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. - Clients enrolled in an advisory program serviced by an affiliate of Vanguard (e.g., Vanguard Digital Advisor, Vanguard Personal Advisor).
- Clients with at least $5 million in qualifying Vanguard assets.
- Clients who have an organization or a trust account registered under an employee identification number (EIN).
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hondo
Commander
Posts: 145
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Post by hondo on Jun 10, 2023 18:42:56 GMT
I spoke with a Vanguard Flagship rep yesterday. The $25 fee applies to accounts under 5M. You can avoid the fee by signing up for e-delivery of statement,confirmations, etc.
HOWEVER, you can sign up for e-delivery for everything EXCEPT TAX FORMS and avoid the fee. I think there may be a law that tax forms must me mailed unless the taxpayer agrees to some other method.
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