Help Center » Brokerage
To open a brokerage nonretirement account, traditional IRA, Roth IRA, SEP-IRA, or education savings account, you can:
If you hold your own securities, you can register them in street name with Vanguard Brokerage by endorsing the certificates as shown below:
Be sure to write your Vanguard Brokerage account number on the front of the certificate in the upper right corner.
Send your endorsed certificates to:
Vanguard Brokerage Services
If security certificates are received (from you or a third party) that have not been endorsed, you can register them in street name by completing an Irrevocable Stock or Bond Power Form for each security issuer. You can also call us at 800-992-8327 to request this form. Be precise: If the registration on your security certificates does not correspond to the registration on your brokerage account, additional documentation will be required.
Note: Send security certificates only by registered or certified mail.
To obtain margin approval, fill out a Margin Account Application. Under "Additional forms," scroll to "Brokerage," select the form, and click View and Print.
To invest in options, fill out the Brokerage Option Application and Agreement. Under "Open a nonretirement account," scroll to "Additional forms," select the form, and click View and Print.
You can request these applications by calling 800-992-8327 or by clicking Forms at the top of this page and searching for the form
To transfer an IRA and/or taxable account into your Vanguard Brokerage account, access the Brokerage In-Kind Account Transfer Kit. Under "Open a nonretirement account," scroll to "Personal," select the form, and click Complete online or View and Print.
After completing the form, you'll need to mail us a statement from the current firm dated within the last 90 days. Sometimes a Medallion signature guarantee, which ensures your signature is real, will be required.
You can obtain a signature guarantee (usually a complimentary service) from an officer of a bank, a trust company, or a member firm of the U.S. stock exchange. Please note that a notary public can't provide a signature guarantee. To be valid, a Medallion signature guarantee must include the words "signature guaranteed," be signed by the guarantor, and indicate his or her title and position. It must also show the name of the institution issuing the guarantee.
Please contact your employer for instructions. Many times your former employer will have specific procedures in place to affect a transfer. Some employer plans simply need these rollover instructions:
If your employer requires paperwork, please call us at 800-992-8327, and an associate will be happy to help you.
Vanguard Brokerage Services can hold and trade most publicly traded U.S. stock. For foreign stock inquiries, please contact us at 800-992-8327.
You can verify if we can hold a fund from another company by following these steps:
Before initiating a transfer, verify with your current firm if your securities are invested on margin. Some firms hold securities on margin without the client being aware. If your assets are invested on margin, you'll need to either:
If you're investing in options and don't currently have options approval on your brokerage account, fill out the Brokerage Option Application and Agreement. See "How do I open a margin or options account?" above for instructions on how to find the form.
Please note that commodities and futures cannot be transferred into Vanguard Brokerage accounts.
Vanguard Brokerage Services does not charge fees for incoming or outgoing transfers.
Please check with the current recordkeeper about outgoing transfer fees. Vanguard Brokerage Services will cover transfer fees up to $150, which you will then have to pay back at a later date.
A Medallion signature guarantee ensures that your signature is genuine. It is a legally binding endorsement. A Medallion signature guarantee is required when your account registration at the transferring firm differs from your Vanguard Brokerage account registration.
You will need a signature guarantee if you are transferring an individual account into a trust, if you are transferring a joint account into an individual account, or if your name is registered differently.
For example, if you are registered as John Doe at your current firm and your Vanguard Brokerage Services account is registered as John A. Doe, you will need a Medallion signature guarantee to document your middle initial.
Please note that a notary public cannot provide a Medallion signature guarantee. You can obtain a signature guarantee (usually a complimentary service) from an officer of a bank, a trust company, or a member firm of the U.S. stock exchange. To be valid, a Medallion signature guarantee must include the words "signature guaranteed," be signed by the guarantor, and indicate his or her title and position. It must also show the name of the institution issuing the guarantee.
Transfers take approximately 2–6 weeks. Full transfers generally take 2–4 weeks, and partial transfers usually take 4–6 weeks.
All investments are subject to risk. Investments in bonds are subject to interest rate, credit, and inflation risk.
Options are a leveraged investment and aren't suitable for every investor. Options involve risk, including the possibility that you could lose more money than you invest. Before buying or selling options, you must receive a copy of Characteristics and Risks of Standardized Options issued by OCC. A copy of this booklet is available at theocc.com. It may also be obtained from your broker, any exchange on which options are traded, or by contacting OCC at One North Wacker Drive, Suite 500, Chicago, IL 60606 (888-678-4667 or 888-OPTIONS). The booklet contains information on options issued by OCC. It's intended for educational purposes. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. Call The Options Industry Council (OIC) helpline at 888-OPTIONS or visit optionseducation.org for more information. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.
Vanguard Brokerage Services is a division of Vanguard Marketing Corporation, member FINRA.