Vanguard Changes Fee Structure

Recently Vanguard did away with all those small fees they charged for low balances, custodial charges, etc; and went with one fee for every fund in which you don’t have a balance over $10,000. If you don’t have $10,000, you can always opt for going all-electronic (or having over $100k) because that will get you out of the $20 fee as well! You save the environment and $20 all at once.

Here is the text of the new replacement fee:

For nonretirement accounts, traditional IRAs, Roth IRAs, UGMAs/UTMAs, SEP?IRAs, and education savings accounts (ESAs):

Vanguard charges a $20 annual account service fee for each Vanguard fund in which you have a balance under $10,000 in an account. You can eliminate this fee by registering for account access on Vanguard.com® and establishing electronic delivery of statements, reports, and other shareholder materials through Vanguard?s e-service package. This fee does not apply if the account owner?s total Vanguard assets (including IRAs, employer-sponsored plans, annuities, and nonretirement accounts) total $100,000 or more.