How much does it cost to open a custodial account with Vanguard?

With Vanguard, you can choose to open a new custodial account or do a full or partial transfer from an existing account. A custodial account has no enrollment, transfer, or advisor fees. However, you will be charged $25 for each brokerage account. As the primary account owner, you can avoid this fee by signing up for Vanguard's e-delivery service.

What are Vanguard Custodial accounts?

Let's explore what Vanguard custodial accounts are, how to open them, and much more. Vanguard is one of the best brokerages for passive investors who want to buy low-cost index fund ETFs.

What is a custodial account?

Custodial accounts under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) allow you to save on behalf of a child for education or any other purpose that benefits the child (other than parental obligations such as food, clothing, and shelter).