SBRS Transfer
These account types are impacted by the SBRS Transfer
What is i401ks, Simple IRAs, and SEP Multi IRAs?
This is the current fee structure for over the phone trades
This is the systematic upgrade from TA to VBA, that does not require client action
What is the auto VBA Transition process?
This account type is NOT impacted by the SBRS Transfer
What are SEP Singles?
This will be the new fee structure for over the phone trades
What is a $25.00 fee for any trades placed over the phone for a Vanguard ETF or mutual fund (as well as non-Vanguard products)?
The number of clients impacted by the Auto VBA Transition
What is 920,000 clients, or 10 - 12% of our total clients?
This is the deadline for a SBRS client to act before their account is transferred
When is July 12th?
This is the starting date for the new fee structure
What is July 1st?
The Auto VBA Transition starts...
When is late August 2024 for the first client cohort?
The types of fees will Ascensus charge
What is a $20.00 annual fee per participant, and a $25.00 fee per Vanguard mutual fund for Simples, and $20.00 per mutual fund for i401ks and SEPs?
These clients will not be impacted by the new fee
Who are Personal Advisor/Digital Advisor clients, and clients w/ more than $1 million invested in Vanguard products?
These are the client options regarding the Auto VBA Transition
What are upgrade to VBA, liquidate their account, transfer their account to another firm?
These account options WILL transfer to Ascensus
What is AWD/Automatic Withdraw Plans, including AWPs associated with RMDs.
These scenarios will cause the fee to be waived
If a client wants to go back to a TA account after the Auto VBA Transition they can...
What is "not an option" (for most cases)?