Vanguard Fees will be Zero in Oz - that can't be right?

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ozboy
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Mine's a Large One! (Snigger, snigger .......)

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Vanguard Fees will be Zero in Oz - that can't be right? Jul 14, 2021 20:52:13 GMT

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Post by ozboy on Jul 14, 2021 20:52:13 GMT

Just googling around tonight and came across this, summit's wrong, this can't be right? Even their current charges are 0.02% cheaper than the UK?

No doubt I'm misunderstanding something?

New Account Fee Current Account Fee
effective 18 August 2021 until 17 August 2021 incl.


Vanguard Cash Account Nil 0.20% per annum

Vanguard managed funds Nil 0.20% per annum

Vanguard ETFs Nil 0.20% per annum

ASX direct shares 0.10% per annum 0.20% per annum


  www.vanguard.com.au/personal/en/our-fees/our-fees-tab-17-august-tab

Last Edit: Jul 14, 2021 20:56:33 GMT by ozboy

pikestaff
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Vanguard Fees will be Zero in Oz - that can't be right? Jul 15, 2021 10:57:47 GMT ozboy likes this

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Post by pikestaff on Jul 15, 2021 10:57:47 GMT

That's the account fee, which in the UK is currently 0.15% pa, capped at £375pa. There will also be charges inside their funds. I've no idea whether they differ by country - for example they might charge more for an AUD denominated fund (if they have any) than for one denominated in GBP or USD.

Also the Oz platform appears to charge brokerage for all ETF transactions whereas this is avoidable in the UK if you use their bulk dealing service.

All that said it does look like a good deal - or perhaps we in the UK get a bad one. Their account fees in the US are almost entirely avoidable. investor.vanguard.com/investing/account-fees

Last Edit: Jul 15, 2021 11:01:12 GMT by pikestaff

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