Vanguard Review - Make Lemonade

Vanguard Review

Company Overview: Vanguard

Based in Pennsylvania, Vanguard is a leading online stock broker that serves its customers and the classic discount brokerage. Founded by investment legend John Bogle, Vanguard has $4.5 trillion in assets under management. Bogle is credited with the creation of the first index fund available to individual investors. Vanguard specializes in low-cost index funds, and offers among the lowest index funds in the industry.

Vanguard Overview

Vanguard offers attractive rates and terms compared with other top online stock brokers:

Account Minimum: $0 (some mutual funds may require $1,000)

Commission: $2-$20 per trade (depends on account balance; the higher account balance, the lower the commission)

Options: Depends on account balance (the higher the balance, the lower the commission)

Real-Time Data: Yes

Screening Tools: Yes

Research: Yes

Charts: Yes

Able To Trade: stocks, bonds, mutual funds, ETFs and options

Account Fee: $20 annually if account balance is less than $50,000. Fee is waived if you have at least $10,000 in Vanguard mutual funds.

How Vanguard Compares: Key Benefits Of Vanguard

Here are some of the reasons that investors love Vanguard:

  • Account Minimum:You can open a Vanguard online stock brokerage account with $0. If you plan to trade mutual funds, you may need a $1,000 account minimum with certain mutual funds.
  • Commission-Free:Vanguard offers more than 2,800 commission-free mutual funds and 70+ commission-free ETFs.
  • Real-Time:Vanguard offers real-time quotes and data.

Bottom Line: Is Vanguard right for you?

Vanguard has a top reputation as an online stock broker.Founded by John Bogle, Vanguard is the king of low-cost index funds. If you are looking for a low commission online stock broker, then Vanguard can be a reliable match. Vanguard has very low expense ratios for its funds and its funds that excellent performance.

Vanguard does not offer a trading platform. You can view your account on Vanguard’s mobile app, but it too is not a trading platform. Also, Vanguard has no physical branches. You can, however,connect with Vanguard customer support Monday to Friday.

Vanguard offers more than 2,800 commission-free mutual funds and 70+ commission-free ETFs, making it one of the best commission-free online stock broker platforms.

If you are an active trader, or want to trade stocks, Vanguard may not be the best match for you.

Next Steps: How To Apply To Vanguard

You can open a Vanguard account online within a few minutes, and the process is simple.


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Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
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  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

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Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
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  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
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Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
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  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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