Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Register

21 June 2025

Home / Noticeboard 2022

Vanguard Australia

  •   27 October 2022
  •      
  •   

Vanguard eliminates brokerage fee for ETF purchases

Melbourne 27 October 2022: Vanguard today announced it will remove the $9 brokerage fee for exchange traded funds (ETF) purchases from 27 October 2022 on the Vanguard Personal Investor platform, and confirmed its plans to introduce a range of new features to the platform as part of its ongoing commitment to provide investors the best chance of investment success.

“We built the Vanguard Personal Investor platform with the aim of changing the way Australians invest, by providing access to our high-quality, low-cost investment products and promoting smart investing strategies,” said Mr Balaji Gopal, Vanguard’s Head of Personal Investor.

“Reducing costs and making investing simple with the aim of passing our investors back more of what their investment earns is in our DNA. We continue to invest in refining and enhancing our offer,” said Mr Gopal.

“Small changes in fees can make a big difference over time, and the removal of the current $9 brokerage fee for all Vanguard ETF purchases is another step in improving the investing experience with Vanguard, and demonstrating our commitment to delivering the best value we can,” said Mr Gopal.

Vanguard also outlined its plans to introduce further new features in the coming months, with work underway to extend the Auto Invest capability to ETFs, introduce Vanguard Personal Investor Kids Accounts, and add Automatic Reinvestment for ETFs to the platform service.

“Our Auto Invest feature is already available investors in our range of managed funds. Analysis shows that Vanguard investors who have adopted that automated feature are more resilient to market volatility, having made the conscious decision to contribute regularly to their investments despite the market’s spikes or dips.

“We hope that by extending this feature to our suite of ETFs, investors will be encouraged to stay the course as they build and diversify their wealth over the long-term, regardless of which investment structure they choose.”

Similar to Auto Invest for managed funds, investors will be able to set up regular investment amounts from $200 either fortnightly, monthly or quarterly, into one or a range of Vanguard ETFs. Auto Invest for ETFs will be available in the coming weeks.

“We’re excited about lowering the cost of investing while launching new features that will support investors in building their long-term wealth and we look forward to providing more specific details in due course,” said Mr Gopal. 

Summary of new brokerage fee structure

Product

Brokerage fee/Fee

Vanguard ETFs (buys)

$0

Vanguard ETFs (sells)

$9

Vanguard managed funds (buy and sells)

$0

ASX direct shares (buys and sells)

$9

*Underlying management expense ratios (MERs) for funds and ETFs remain unchanged.

 

Firstlinks is sponsored by:
banner

Most viewed in recent weeks

Australian house prices close in on world record

Sydney is set to become the world’s most expensive city for housing over the next 12 months, a new report shows. Our other major cities aren’t far behind unless there are major changes to improve housing affordability.

The case for the $3 million super tax

The Government's proposed tax has copped a lot of flack though I think it's a reasonable approach to improve the long-term sustainability of superannuation and the retirement income system. Here’s why.

The revolt against Baby Boomer wealth

The $3m super tax could be put down to the Government needing money and the wealthy being easy targets. It’s deeper than that though and this looks at the factors behind the policy and why more taxes on the wealthy are coming.

Meg on SMSFs: Withdrawing assets ahead of the $3m super tax

The super tax has caused an almighty scuffle, but for SMSFs impacted by the proposed tax, a big question remains: what should they do now? Here are ideas for those wanting to withdraw money from their SMSF.

Tariffs are a smokescreen to Trump's real endgame

Behind market volatility and tariff threats lies a deeper strategy. Trump’s real goal isn’t trade reform but managing America's massive debts, preserving bond market confidence, and preparing for potential QE.

The super tax and the defined benefits scandal

Australia's superannuation inequities date back to poor decisions made by Parliament two decades ago. If super for the wealthy needs resetting, so too does the defined benefits schemes for our public servants.

Latest Updates

Are franking credits hurting Australia’s economy?

Business investment and per capita GDP have languished over the past decade and the Labor Government is conducting inquiries to find out why. Franking credits should be part of the debate about our stalling economy.

Superannuation

7 examples of how the new super tax will be calculated

You've no doubt heard about Division 296. These case studies show what people at various levels above the $3 million threshold might need to pay the ATO, with examples ranging from under $500 to more than $35,000.

Have Apple and Google reached the beginning of the end?

It might be hard to imagine a world where Apple and Google aren’t dominant, but disruption often starts with tiny cracks. AI's emergence into the mainstream might have set the stage for a new generation of leaders.

Superannuation

Did retirees lose out when they accepted defined benefit schemes?

Defined benefit pensions were designed to offer security in retirement. But new tax policies and arbitrary limits now erode their value - especially for Australians who contributed their own savings to these plans.

Property

Why Australia's agricultural land boom has stalled

Farmland prices have flatlined, bringing one of the most dramatic rural property cycles in Australian history to an end. The market for agricultural land now seems to be entering a new and more nuanced phase.

Property

The retail property niche offering income and growth

Neighbourhood shopping centres have fought off one perceived threat after another. What's more, they continue to offer secure income from blue-chip firms and other tenants linked mostly to essential spending.

ASX plans to attract more IPOs don’t go far enough

High-profile Australian stock market listings, like Guzman Y Gomez's IPO in 2024, are rare. ASIC aims to streamline the IPO process to boost listings, but faces barriers like share structures and governance.

Sponsors

Alliances

Site Map

About Firstlinks

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.