Some Vanguard Group prospects have been mistakenly charged a brand new $25 annual service price although they certified for a waiver, based on The Impartial Vanguard Adviser.
Vanguard mentioned Thursday it has corrected the issue and that it affected a small variety of prospects.
Vanguard introduced a 12 months in the past it might begin charging $25 per brokerage account to prospects with underneath $5 million in qualifying property, IVA editor Jeff DeMaso famous in a report this week.
The best strategy to keep away from the annual price is to simply accept digital supply of statements, confirmations, reviews and different supplies, he famous.
A Vanguard web site web page displaying brokerage fees in impact as of July 1 additionally signifies that prospects in an advisory program serviced by a Vanguard affiliate can keep away from the price, as can sure different purchasers.
