Setting up ISA investments with Vanguard

funguy

Yes thats correct - Vanguard direct to customer ISA. I was wondering about the 0.15% platform charge. Nothing on their website. sent them an email 2 weeks ago with no reply yet...

Diesel44

I found this as I went into the open a Vanguard ISA -
Vanguard account fee
This is what you pay in return for the provision of account services. These services include
the fund dealing facility, the recording of transactions and holdings, the safeguarding of your
investments by our nominee, and other ancillary services. These comprise certain online
services as well as the provision of access to our personal investor service representatives.
The account fee is an annual charge which we accrue daily and deduct proportionately in
arrears at the end of each quarter. The amount which you pay is based on the overall value
of your Vanguard personal investor account, including any cash held. The rate of charge is
0.15% per annum of the value of your account holdings up to £250,000, such that the
maximum annual charge is £375.
You have the option, when you open your account or at any later time, to arrange payment
of your account fee by direct debit from your nominated bank account. Alternatively, we will
deduct the fee from available cash (and, failing that, from fund holdings) within your account
in accordance with the disinvestment strategy set out in the Vanguard Client Terms. This
prioritises collection of charges from your General Account, in order to maximise your ISA
tax benefits.

This is the full document -
https://secure.vanguardinvestor.co.uk/en-GB/Documents/StaticDocumentDownload/?documentId=1

funguy

Thank you so much!