Fidelity Transaction Fees for Vanguard Funds (2024)

Yes, you can purchase Vanguard mutual funds through Fidelity, but it comes with a transaction fee. Here’s what you need to know.

Fidelity Online Purchase Fees for Vanguard Funds

When you buy Vanguard mutual funds on the Fidelity website, there is a fee of $75 (it’s now $100). This is like a service charge.

Rep-Assisted Fees

If you get help from a representative (a person) at Fidelity to buy Vanguard funds, there is an additional fee. It’s 0.75% of the total amount you’re investing.

For example, if you put $1,000 in to a Vanguard mutual fund, this fee would be $7.50. However, there’s a minimum fee of $100 and a maximum fee of $250 for representative assisted orders.

Quick tip: Execute the order from your Fidelity account so you don’t have to pay a rep.

Fidelity Fees for Selling Vanguard Mutual Funds

When you sell Vanguard mutual funds on Fidelity, there’s usually no fee from Fidelity. But be aware that there might still be a fee from the Vanguard fund itself.

How to Check for Fidelity Transaction Fees

To verify if a specific Vanguard fund has a transaction fee when buying through Fidelity.

  1. Visit the Fidelity website.
  2. Search for the fund using its ticker symbol.
  3. If a fee is applicable, you’ll see a small red box labeled “FEE” at the top of the page.
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How to Avoid Transaction Fees on Fidelity

There are two ways to avoid paying transaction fees when purchasing Vanguard funds on Fidelity.

Use an Equivalent Fidelity Fund

  • Look for a Fidelity mutual fund that tracks the same index as your preferred Vanguard mutual fund. Some Fidelity funds may not have an expense ratio, making them a cost-effective alternative.
See also  How to Get Around or Remove a Wash Sale in Fidelity?

Invest in Vanguard ETFs

  • Vanguard ETFs are accessible on Fidelity without incurring any transaction fees.

In Summary

When you buy Vanguard mutual funds through Fidelity, there’s a $75 fee if you do it online. If you get help from a person at Fidelity, there’s an additional fee based on how much you’re investing.

When you sell, there’s usually no fee from Fidelity, but there might still be a fee from the Vanguard fund.

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