Vanguard introduces Voyager Select
From as early as August 13, there has been at least one report of Voyager clients at Vanguard getting charged a lower fee of $12 for a stock trade. Many are wondering if Vanguard is tweaking the pricing plans for its premium clients.
It is now official. As of August 15, Vanguard updated their website to reflect the introduction of a new class of “Voyager Select” clients. And at the same time, Vanguard also modified the requirements for the Voyager and Flagship clients.
In general, most would be happy with the new changes although there some losers with the changes — the three most significant are the following:
- Flagship now requires $1m in Vanguard mutual funds or Vanguard ETFs. Previously only $500k was required; the other $500k could be in non-Vanguard mutual funds, ETFs or stocks.
- To qualify for the Vanguard Advantage Account would now require Voyager Select status (>$500k). Previously, only $250k was needed.
- To get a free financial plan from a CFP, Voyager Select status is now needed. Previously, only $250k was required.
Below is a summary of the changes:
Stumble it!
