Using Your Vanguard Brokerage Account

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Description:
Watch this short video to learn how your brokerage account works and about the different types of investments you can hold.

All investing is subject to risk, including the possible loss of the money you invest. The possibility of lower account service fees is based on the potential fee in a single Vanguard brokerage account versus potential fees across multiple mutual fund accounts.

**For more information about Vanguard funds, Vanguard ETF shares, or non-Vanguard funds offered through Vanguard Brokerage Services, visit vanguard.com, or call 800-662-2739, to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.**

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in such a fund.

You must buy and sell Vanguard ETF Shares through a broker like Vanguard Brokerage Services (we offer them commission-free) or through another broker (you may incur commissions). See the Vanguard Brokerage Services commission and fee schedules for limits. Vanguard ETF Shares are not redeemable directly with the issuing fund other than in creation unit aggregations. Like stocks, ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.

Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and aren’t protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation (VMC), member FINRA and SIPC.

Vanguard Marketing Corporation, Distributor of the Vanguard Funds.

© 2015 The Vanguard Group, Inc. All rights reserved.
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