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Looks like they are getting ready for something.......
You are receiving this notification to update you on important information related to one or more of your holdings. Details in this material may include investment strategy, performance tracking and other key information.
VANGUARD MONEY MARKET FUNDS SAR
Semi-Annual Report | Summary Prospectus
Legal notices
All investing is subject to risk, including the possible loss of the money you invest.
Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC.
© 2024 The Vanguard Group, Inc. All rights reserved.
P.O. Box 3010 | Monroe, WI 53566-8310 | vanguard.com
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What are they front running...............
Notice of updated commission and fee schedules and account agreement for Vanguard Brokerage Services
Dear Vanguard Brokerage Client,
We want to make you aware that we have updated the Vanguard Brokerage Account Agreement and associated commission and fee schedules. These updates include changes to our Digital Interaction Expectations, new Class Action Service Terms, and Vanguard Brokerage's ability to close accounts, including low balance accounts with no activity.
Effective July 1, 2024, the following commission schedule changes will take effect:
Broker-assisted commission: A $25 broker-assisted commission will be charged for each Vanguard mutual fund1 and Vanguard ETF® (exchange-traded fund) trade placed over the phone and for closing transactions placed by Vanguard Brokerage Services® to cover a margin call or satisfy an outstanding debt owed in your brokerage account.* This broker-assisted commission is consistent with our existing policy on trading stocks and other products.
Certificate deposit fee: A $100 processing fee (per CUSIP) will be charged for the deposit of physical share certificates into your brokerage account.
Class action service fee: With the introduction of this new service in which Vanguard Brokerage will facilitate filing claims on behalf of clients in an attempt to recover class action settlement funds, a fee of 20% will be deducted from these recovered funds prior to their deposit into your brokerage account. See the Notice of Amendment to the Vanguard Brokerage Account Agreement ("Account Agreement Amendment") for details on the service.
Foreign securities and American Depositary Receipts (ADRs) dividends fee: A fee of 1% on the gross dividend amount will be charged when a dividend is paid on a foreign or ADR asset held in U.S. dollars.
Restricted security legend removal fee: A $250 processing fee may be charged for research and removal of a restriction on a security held in your brokerage account.
Account closure and transfer fee: A $100 processing fee may be charged for account closure or transfer of account assets to another firm.**
Effective June 1, 2024, the following commission schedule change will take effect:
The tax filing fee for master limited partnerships (MLPs) held in an IRA will change from $300 to $500 per account.
You can obtain an updated copy of the Vanguard Brokerage Services commission and fee schedules here and read more about these important account agreement updates in the Account Agreement Amendment.
Please note that the updates discussed in this communication apply to all your accounts maintained with Vanguard Brokerage Services.
Thank you for belonging to the Vanguard community of investors.
*Broker-assisted commissions will not be charged for brokerage accounts enrolled in a Vanguard-affiliated advisory service or for clients with $1 million or more in qualifying Vanguard assets.
**The fee will not be assessed for clients who hold at least $5 million in qualifying Vanguard assets.
1For Vanguard mutual fund exchanges, the commission will be charged on the "from" side of the transaction based on the total number of trades placed. For some mutual fund transactions, the commission will be deducted as a separate sweep from your settlement fund. It will not apply to some complex Vanguard mutual fund transactions, including those across registration types.
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Nothing "really" unusual here. I've seen similar (not exact word for word) at other brokers.
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2 replies since 26/4/2024, 22:31 68 views
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