This move expands Vanguard's commission-free platform that already included mutual funds since 1977 and nearly ever ETF in the industry since 2018, according to Vanguard.
. Bogle started Vanguard in 1975 under the name First Index Investment Trust and retired as Vanguard's chairman and CEO in 1996. He believed in outperforming competition by offering low-cost investing.
Given its history, Vanguards announcement on Thursday is unsurprising as lowering the cost of investing is "business as usual for Vanguard," said Karin Risi, managing director of Vanguard's retail investor group, in the release. "For 45 years, we've been dedicated to lowering the cost of index and active funds, ETFs, advice, and brokerage services to help investors achieve better outcomes," Risi said.
As the investment industry continues to move towards eliminating fees, Vanguard said it encourages investors to "look beyond commissions and consider the all-in cost of their brokerage relationships, including fees, expenses, and opportunity costs." In addition to eliminating stock commissions, Vanguard also announced that it has updated its online experience and redesigned its mobile app.
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