Yesterday, I mentioned that I was thinking about moving all of our retirement and education savings accounts to one brokerage, Vanguard.Â Spurred on by this comment from reader Matt, I did a little more research, and I have decided to make the move.
Vanguard offers enhanced services for customers who qualify.Â Qualification for these services is based on total household assets held with Vanguard.Â For complete details, check this page from the Vanguard website.
To qualify for Vanguard Voyager Services, a minimum of $100,000 is required.
To qualify for Vanguard Voyager Select Services, a minimum of $500,000 is required.
To qualify for Vanguard Flagship Services, a minimum of $1,000,000 is required.
From the Vanguard website:
We determine membership by aggregating assets of all eligible accounts held by the investor and his or her immediate family members who reside at the same address, including investments in VanguardÂ mutual funds, Vanguard ETFs, annuities through Vanguard, The Vanguard 529Â Plan, certain small-business accounts, and employer-sponsored retirement plans for which Vanguard provides record keeping services.
As an added bonus, once I’ve accumulated $100,000 in a single fund, in a single account, I’ll qualify for Vanguard Admiral Shares, which have lower expense ratios than do standard shares.
As soon as I publish this post, I’m going to begin the transfer process.Â Wish me luck!