You must buy and sell Vanguard ETF shares through Vanguard Brokerage Services (we offer them commission-free) or through another broker (who may charge fees). See Vanguard Brokerage Services' commission and fee lists for limits. No, investors don't have to open a Vanguard account to buy and sell highly regarded funds. Vanguard has multiple agreements with firms such as TD Ameritrade, E-Trade and Interactive Brokers.
As a result, most major brokerages offer their retail customers the opportunity to trade Vanguard mutual funds and exchange-traded funds (ETFs). On the Vanguard home page, search for Buy Funds or go to the Buy Funds page. After you sign in, you'll see the next page. Scroll until you find the account you want to use for the purchase, and then select that account.
You don't need thousands of dollars to start investing in a stock. You can buy a stock at its market price per share and you'll only need enough money in your liquidation fund to cover the cost of the shares you want to buy. Do you want to borrow the cash or securities you need to make a trade or short sale? For example, you can purchase Vanguard's flagship index fund, Vanguard 500 Index (VFIAX), through Fidelity, but you'll have to pay a transaction fee to get it. Vanguard ETFs and mutual funds have very low and highly competitive fees that are substantially below fund industry averages.
Investment objectives, risks, charges, expenses, and other important information about a fund are listed in the prospectus; read and consider it carefully before investing. Use them if you've maxed out your retirement contributions for the year and want to save even more, or if you want to set aside money for an emergency fund or for a big future expense. Vanguard ETF shares cannot be directly exchanged with the issuing fund, except in very large aggregations worth millions of dollars. Buying Vanguard funds from other mutual fund companies or brokerage firms is the same as buying any investment fund or ETF from a competing firm.
While Vanguard offers almost all of its mutual funds and ETFs commission-free through its own proprietary investment platform, there is a wide selection of the same funds available for purchase from third-party brokers. You have two options for buying Vanguard funds at third-party brokerage firms, such as TD Ameritrade or Charles Schwab, or directly through the Vanguard website. In the case of newly opened brokerage accounts, you must have money in your settlement fund before you can buy an ETF. The largest brokerage agency with the largest amount of Vanguard funds available to investors is TD Ameritrade, which has complex fees and variable fees on Vanguard funds.
You'll also have access to the full range of funds and ETFs offered by Vanguard and you won't have to pay additional fees. Today, it is famous for its family of high-yield, no-charge funds, which includes more than 160 mutual funds and 75 ETFs. By offering its funds through multiple investment platforms, Vanguard creates a much wider network of brokers that reaches a greater number of investors who may be interested in investing in Vanguard ETFs and mutual funds.