Fidelity Transaction Fees for Vanguard Funds (Updated 2023)

Someone asks:

Does Fidelity charge fees when I buy Vanguard funds inside my Fidelity portfolio? If so, how much? I’m interested in buying a few Vanguard mutual funds.

Can You Buy Vanguard Funds Through Fidelity?

It’s possible to purchase Vanguard mutual funds and ETFs through Fidelity.

However, additional fees and restrictions may be applied when buying Vanguard mutual funds from Fidelity as opposed to directly from Vanguard itself.

See below to find out how much it will cost.

Fidelity Fees for Buying Vanguard Funds

Fidelity charges a transaction fee of $75.00 when you buy or sell Vanguard mutual funds within a Fidelity account.

Let’s say you’re interested in VTSAX, the Total Stock Market Index Fund from Vanguard.

The fee to purchase VTSAX online is $75, and the Initial Minimum Investment is $2,500. Luckily, it cost nothing to sell.

How To Check if a Vanguard Fund Has Transaction Fee

To check if a Vanguard fund has a transaction fee when buying through Fidelity, you can visit the Fidelity website and search for the fund by its ticker symbol.

If the fund has a fee, there will be a small red box labeled “FEE” at the top of the page.


Additionally, when you initiate a purchase of a Vanguard fund through Fidelity, the platform will notify you of any transaction fees associated with the fund through a Trade Preview window before you complete the transaction.

(141401) All purchases or exchanges into this fund will incur a transaction fee of $75. Please see the Brokerage Commission and Fee Schedule for additional details.


How To Avoid Paying Fidelity $75 Fee for Mutual Funds?

There are several ways to avoid paying the $75 transaction fee that Fidelity charges for Vanguard mutual funds.

1. Purchase the equivalent Fidelity fund: Often time, you’ll be able to find a Fidelity mutual fund that tracks the same index as the Vanguard mutual fund. Some of them don’t even have an expense ratio. Fidelity mutual funds are equally competitive in terms of performance and expense ratios.

2. Invest in Vanguard ETFs: Vanguard ETFs are free to purchase on Fidelity. There is no transaction fee.

Hi! I'm Diego, 38, and I currently reside in New York. I work as a financial analyst. I primarily focus on initiatives involving research and data analysis.

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