Benefits of Flagship Status at Vanguard?

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Explorer
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Benefits of Flagship Status at Vanguard?

Post by Explorer » Thu Oct 24, 2019 7:21 am

With all the brokers going to $0 commission on most everything - and unlimited trades - is there really value in maintaining Flagship status?

The only things I currently like at VG are MM rates and certain active mutual funds - which I can avail even without the Flagship status.

Comments welcome.

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RickBoglehead
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Re: Benefits of Flagship Status at Vanguard?

Post by RickBoglehead » Thu Oct 24, 2019 7:25 am

The benefits of Flagship status are clearly stated on Vanguard's site:

https://investor.vanguard.com/investing ... s/flagship

As to whether you'd rather switch to another broker because of recent commission eliminations, that's a personal decision.

Investors with $1 million to $5 million*
You're a Flagship client at Vanguard, which means you get personalized services reserved for our high-net-worth investors.

Helping you look at your wealth holistically is important to us. As a Flagship client, you'll have exclusive resources available to you, including Vanguard professionals who can help you meet your investment and wealth management needs.

These include specialists in areas like estate planning, trust services, financial planning and advice, and philanthropy.


Exclusive benefits
When you call, you'll speak with an experienced Flagship representative who will act as your guide to all the services we offer our high-net-worth clients. Whenever you're facing a complex situation or change in circumstances, a representative will coordinate personalized, expert help that's tailored to your needs.

You'll also have access to these important benefits:

Financial advice from a Certified Financial Planner™ professional through Vanguard Personal Advisor Services®. Our advisors can help you with specific investment questions or provide ongoing advisory and portfolio management services.
Access to thousands of commission-free ETFs and no-transaction-fee mutual funds from Vanguard and hundreds of other companies.**
Discounted brokerage trades, including 25 additional commission-free trades for stocks, options, transaction-fee mutual funds, and non-Vanguard ETFs not included in the commission-free offer.†

As your needs grow, your support will too
Once you've accumulated $5 million or more in Vanguard assets, you'll become a Flagship Select client, which provides the extensive wealth management services you need.

Find out more about wealth management for you & your family
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Explorer
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Re: Benefits of Flagship Status at Vanguard?

Post by Explorer » Thu Oct 24, 2019 7:29 am

They removed designated FS rep a couple of months ago...so you get anyone that is available..

I understand the personal decision part, my post is meant to get personal views rather than a cut/paste from vanguard website.

Thanks anyway.

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RickBoglehead
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Re: Benefits of Flagship Status at Vanguard?

Post by RickBoglehead » Thu Oct 24, 2019 7:38 am

Explorer wrote:
Thu Oct 24, 2019 7:29 am
They removed designated FS rep a couple of months ago...so you get anyone that is available..

I understand the personal decision part, my post is meant to get personal views rather than a cut/paste from vanguard website.

Thanks anyway.
Actually, not true for everyone. Many of us in fact got assigned a new rep, my rep's picture is displayed on my home page.

Personal views are pretty subjective. "I am moving to Fidelity because I feel they spend more on technology". "I'm tired of the slowness of Vanguard's site, because I need immediate gratification to see my balances, waiting for 1.3 seconds is too long". "I like to do un-Boglehead-like transactions, and Vanguard won't let me do that".

To each their own.
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b42
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Re: Benefits of Flagship Status at Vanguard?

Post by b42 » Thu Oct 24, 2019 7:41 am

I spoke with one of the Vanguard Flagship Status representatives last week at Vanguard during the Boglehead conference and asked them a question similar to yours. I agree that one of the benefits, the $0 commissions on most trades, is no longer as great of an offering considering the alternatives. My understanding about the representatives is now there is a team that your questions will go to (how big this team is I don't know), and these representatives have more experience than the usual reps for non-flagship status accounts. This benefit is only really useful for those who need to call in to ask the unusual questions concerning their financial status. So if you have a relatively simple portfolio, I don't think there's any one benefit that makes it absolutely necessary to stay with Vanguard and maintain Flagship Status.

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Re: Benefits of Flagship Status at Vanguard?

Post by Nowizard » Thu Oct 24, 2019 7:42 am

For those who have financial plans and other things such as POA, wills, Trusts, etc. in order, and who do little or no stock trading, there is little use of Flagship services for other than routine transactions. However, knowing services are available is another tool for potential use since we never know what might occur financially in spite of our efforts.

Tim

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Re: Benefits of Flagship Status at Vanguard?

Post by Chris K Jones » Thu Oct 24, 2019 7:59 am

Personally, I get very little from Flagship status. I do not trade stocks. I rarely need to talk with anyone. I do feel very comfortable with Vanguard though. I believe Vanguard and my interests are aligned. I believe that my overall costs will be lower if I stick with Vanguard over the long haul. I do use Fidelity for some things though and am happy with Fidelity too. Best wishes to you. It is nice that there are lots of choices.

Random Poster
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Re: Benefits of Flagship Status at Vanguard?

Post by Random Poster » Thu Oct 24, 2019 8:18 am

Being Flagship got me a free hat from Vanguard. :happy

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Re: Benefits of Flagship Status at Vanguard?

Post by Vanguard Fan 1367 » Thu Oct 24, 2019 9:28 am

Random Poster wrote:
Thu Oct 24, 2019 8:18 am
Being Flagship got me a free hat from Vanguard. :happy
Is that available to other Flagship folks or just a special benefit to you?

557880yvi
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Re: Benefits of Flagship Status at Vanguard?

Post by 557880yvi » Thu Oct 24, 2019 9:57 am

For anyone who has reached the $5M + Flagship Select - have you used the estate planning/investment advice services (not sure if there are fees for these or provided free with that level) and have the services been beneficial?

Found with a prior broker that any useful component of similar service came with additional fees (e.g. the "tax-planning" was general info that anyone could look up, but if you need real tax planning they had a referral list of CPA's who do this for a fee).

We are not quite at Select level yet but will be in the near future (timing depends on market!!)

Thank you

Random Poster
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Re: Benefits of Flagship Status at Vanguard?

Post by Random Poster » Thu Oct 24, 2019 10:13 am

Vanguard Fan 1367 wrote:
Thu Oct 24, 2019 9:28 am
Random Poster wrote:
Thu Oct 24, 2019 8:18 am
Being Flagship got me a free hat from Vanguard. :happy
Is that available to other Flagship folks or just a special benefit to you?
There was a thread a while back about buying Vanguard-labeled products*. I made a comment about how it would be nice if Vanguard gave each of its Flagship clients a small Vanguard-branded item as a gift every year or so, and I specifically asked for a hat. Someone at Vanguard saw the post, a member here served as an intermediary, and Vanguard sent me a hat. So I presume that I received the hat because of my status (and, well, because of my request, and because someone saw the post, and because a member here helped relay the contact information).


* That thread can be found here: viewtopic.php?f=11&t=203418

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Re: Benefits of Flagship Status at Vanguard?

Post by Vanguard Fan 1367 » Thu Oct 24, 2019 10:16 am

Random Poster wrote:
Thu Oct 24, 2019 10:13 am
Vanguard Fan 1367 wrote:
Thu Oct 24, 2019 9:28 am
Random Poster wrote:
Thu Oct 24, 2019 8:18 am
Being Flagship got me a free hat from Vanguard. :happy
Is that available to other Flagship folks or just a special benefit to you?
There was a thread a while back about buying Vanguard-labeled products*. I made a comment about how it would be nice if Vanguard gave each of its Flagship clients a small Vanguard-branded item as a gift every year or so, and I specifically asked for a hat. Someone at Vanguard saw the post, a member here served as an intermediary, and Vanguard sent me a hat. So I presume that I received the hat because of my status (and, well, because of my request, and because someone saw the post, and because a member here helped relay the contact information).


* That thread can be found here: viewtopic.php?f=11&t=203418
I appreciate your taking the time to post. I didn't think that I could just call Vanguard and tell them I am a cool Flagship member, please send me a hat. :happy

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Re: Benefits of Flagship Status at Vanguard?

Post by flarf » Thu Oct 24, 2019 10:37 am

I take advantage of the free outbound wire transfers. That seems to be a less common perq than free inbound transfers.

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Re: Benefits of Flagship Status at Vanguard?

Post by Stinky » Thu Oct 24, 2019 10:59 am

Random Poster wrote:
Thu Oct 24, 2019 10:13 am
Vanguard Fan 1367 wrote:
Thu Oct 24, 2019 9:28 am
Random Poster wrote:
Thu Oct 24, 2019 8:18 am
Being Flagship got me a free hat from Vanguard. :happy
Is that available to other Flagship folks or just a special benefit to you?
There was a thread a while back about buying Vanguard-labeled products*. I made a comment about how it would be nice if Vanguard gave each of its Flagship clients a small Vanguard-branded item as a gift every year or so, and I specifically asked for a hat. Someone at Vanguard saw the post, a member here served as an intermediary, and Vanguard sent me a hat. So I presume that I received the hat because of my status (and, well, because of my request, and because someone saw the post, and because a member here helped relay the contact information).


* That thread can be found here: viewtopic.php?f=11&t=203418
Is Vanguard watching this thread?

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Re: Benefits of Flagship Status at Vanguard?

Post by Big Dog » Thu Oct 24, 2019 11:17 am

Had Flag status for years, but, as a buy-and-hold investor, rarely use it. I don't trade individual stocks, I have mostly index funds with a 2 fund portfolio, (plus some 'play' money), and am in it for the long haul. Have a Community Property account with PoD/ToD, so not trust needed. The only time I called this year was to assist my D to open a Roth with Vanguard, and I wanted to confirm that she also got Flag status (same home address).

The only benefit I see is that they answer the phone faster for Flag accounts.

full disclosure: also have an account at Fido, as my Big Corp employer had outsourced pension and 401k benefits to them. Kept the account since I left, but don't call them either.

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Re: Benefits of Flagship Status at Vanguard?

Post by ruhigste » Thu Oct 24, 2019 11:21 am

The annual investment plan was useful this year. We sold our Target Date Funds and purchased a four-fund portfolio spread across our two traditional IRA accounts and our two Roth IRA accounts, plus an after-tax joint account. We agreed to simplify the plan significantly by using the same mutual funds as the Target Date Funds. The adviser offered to set up this paper plan for us, for the .3 % annual fee, but we declined for the time being. So far, re-balancing using withdrawals is working well. We now have a portfolio that will work long-term for us. I'm glad I listened to what the adviser had to say.

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Re: Benefits of Flagship Status at Vanguard?

Post by HomeStretch » Thu Oct 24, 2019 11:31 am

The best benefit of Flagship status *was* my personal rep.

I had a wonderful rep (a long-term Vanguard employee) and effective September 1 she is no longer my rep. I talked with her a few times a year as something unusual or new came up and always received great advice. I was not assigned a new rep. The couple times a general Flagship team member tried to help me, they couldn’t but once my (former) rep got involved, my issue was resolved. Being closer to Flagship Select level, I am disappointed that Vanguard can’t assign a qualified personal rep to me again and doesn’t have a CMA. And I would love a hat or mug. :happy

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Re: Benefits of Flagship Status at Vanguard?

Post by JediMisty » Thu Oct 24, 2019 11:36 am

HomeStretch wrote:
Thu Oct 24, 2019 11:31 am
The best benefit of Flagship status *was* my personal rep.

I had a wonderful rep (a long-term Vanguard employee) and effective September 1 she is no longer my rep. I talked with her a few times a year as something unusual or new came up and always received great advice. I was not assigned a new rep. The couple times a general Flagship team member tried to help me, they couldn’t but once my (former) rep got involved, my issue was resolved. Being closer to Flagship Select level, I am disappointed that Vanguard can’t assign a qualified personal rep to me again and doesn’t have a CMA. And I would love a hat or mug. :happy
+1. I valued the personal rep. I'm very disappointed they stopped that service. He cleared up a few questions for me - and in writing so I could review it later when my recollection was faint. I don't buy any individual stocks much, so there is little benefit to being Flagship for me. And I didn't get a hat, either. :confused

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Re: Benefits of Flagship Status at Vanguard?

Post by Big Dog » Thu Oct 24, 2019 12:07 pm

I valued the personal rep. I'm very disappointed they stopped that service.
I still have a personal Rep (but maybe bcos I never call?).

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Re: Benefits of Flagship Status at Vanguard?

Post by Housedoc » Thu Oct 24, 2019 12:17 pm

I sent a direct message via Twitter to Vanguard and requested a hat. I Included my name and address. I received a message back and in a few weeks my hat arrived. Too bad my head is big and the plastic strap in the headband is on last hole. Displays nicely on shelf though!

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Re: Benefits of Flagship Status at Vanguard?

Post by ChowYunPhat » Thu Oct 24, 2019 12:33 pm

Please stop requesting hats from VG, you're going to drive my ERs up. :D
A wise man and his money are friends forever...

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Re: Benefits of Flagship Status at Vanguard?

Post by Broken Man 1999 » Thu Oct 24, 2019 12:49 pm

ChowYunPhat wrote:
Thu Oct 24, 2019 12:33 pm
Please stop requesting hats from VG, you're going to drive my ERs up. :D
Exactly my thought as well! :D

Somewhere on this site is a post with a contact number of an individual who can (or once could) sell you some Vanguard bling.

Tee-shirts, baseball caps, insulated tumblers, coffee cups and some other things I do not remember were once available.
My V baseball cap is my everyday cap I wear when outside. I have a spare V cap, and another cap with Vanguard on it.

I had two very nice coffee cups once upon a time. DW broke hers and now uses mine. She puts it in a high cabinet when not in use so I cannot reach it. I think I might have an ADA suit against her, as well as an elder abuse suit for stealing from me!

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Re: Benefits of Flagship Status at Vanguard?

Post by Phineas J. Whoopee » Thu Oct 24, 2019 1:17 pm

OP:

Sure, by all means, reduce the value of your investments below one million dollars.

Or, if you wish, reduce them below that value at Vanguard by moving some elsewhere.

If in your judgement it will help you, then naturally.

PJW

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Re: Benefits of Flagship Status at Vanguard?

Post by Beehave » Thu Oct 24, 2019 1:51 pm

In 2009 I received a quarterly report from Vanguard's Prime MM fund saying it had outperformed the average because it held none of the mortgage-backed securities that dragged the competitors down. At that time I also received a quarterly report from a money fund held in a 401k account managed by the other major financial house. That report said, paraphrasing, "we under-performed because we were holding some mortgage-backed securities."

I had previously called that other company to ask IF there were any of those securities in the 401k money fund and all they did was obfuscate about the money fund and focus instead about my funds held elsewhere and try to get me to transfer them. I compare that to the time I called Vanguard's annuity sales team to discuss my needs at a time of great change in my life, and they advised me NOT to purchase an annuity based upon my then-current circumstances.

Today things may be different at that otherinstitution. But based on my own past experience I trust Vanguard in a fundamental way I do not trust the others, and I view that as a significant benefit. And that Vanguard provides trustworthy service even to basic customers is yet more reason to trust them with Flagship-level-sized nest eggs.

That does not mean I would only do business with Vanguard. There are very good reasons to diversify holdings, such as keeping 401k funds with whoever simply because of the federal protections against lawsuits, or having a local office with human beings you can actually visit in person. Trustworthiness and legal protection are the core issues of customer service to me, and I focus much less on website quality or freebies and gifts or the stopwatch delta in response time.

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Re: Benefits of Flagship Status at Vanguard?

Post by lazyday » Thu Oct 24, 2019 2:09 pm

Beehave wrote:
Thu Oct 24, 2019 1:51 pm
the time I called Vanguard's annuity sales team to discuss my needs at a time of great change in my life, and they advised me NOT to purchase an annuity
This is why I think Vanguard should be the default choice.

In Unconventional Success, Yale's David Swensen talked about the superior alignment of interests between Vanguard and investors. You give a great example.

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Re: Benefits of Flagship Status at Vanguard?

Post by Blake7 » Thu Oct 24, 2019 2:24 pm

Random Poster wrote:
Thu Oct 24, 2019 8:18 am
Being Flagship got me a free hat from Vanguard. :happy
Actually, since Vanguard is client-owned and has 30 million clients, assuming the hat cost $30, you paid $0.000001 for that hat (and so did I). ;)

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Explorer
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Re: Benefits of Flagship Status at Vanguard?

Post by Explorer » Thu Oct 24, 2019 8:11 pm

Big Dog wrote:
Thu Oct 24, 2019 12:07 pm
I valued the personal rep. I'm very disappointed they stopped that service.
I still have a personal Rep (but maybe bcos I never call?).
Perhaps you are Flagship Select or something like that? All the regular Flagship friends I have have lost a dedicated rep...I miss that as many others said here coz I used to call for occasional consultation.

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Re: Benefits of Flagship Status at Vanguard?

Post by Wiggums » Thu Oct 24, 2019 8:23 pm

Explorer wrote:
Thu Oct 24, 2019 8:11 pm
Big Dog wrote:
Thu Oct 24, 2019 12:07 pm
I valued the personal rep. I'm very disappointed they stopped that service.
I still have a personal Rep (but maybe bcos I never call?).
Perhaps you are Flagship Select or something like that? All the regular Flagship friends I have have lost a dedicated rep...I miss that as many others said here coz I used to call for occasional consultation.
I logged in this evening and I still see my assigned FS rep. I think I spoke with my rep once when I retired and he redirected me to the folks that transfers funds. Lol

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SlowMovingInvestor
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Re: Benefits of Flagship Status at Vanguard?

Post by SlowMovingInvestor » Thu Oct 24, 2019 8:29 pm

I think $1M will get you a rep at almost any other discount brokerage. Probably a more available rep than at VG. True, the rep might occasionally try and sell you stuff, but my experience is they back off almost immediately if you indicate you're not interested.

If I were new to investment, and opening a new account, I would not open one at VG. I would/might use VG ETFs and (if available) their MMFs at other firms. And I think the advantage of Flagship status is minimal.
Last edited by SlowMovingInvestor on Thu Oct 24, 2019 8:37 pm, edited 1 time in total.

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Re: Benefits of Flagship Status at Vanguard?

Post by MNGopher » Thu Oct 24, 2019 8:35 pm

I'm a lowly Voyager Select client. I don't get an advisor, a hat or a mug. :-(

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Re: Benefits of Flagship Status at Vanguard?

Post by ChowYunPhat » Thu Oct 24, 2019 8:42 pm

MNGopher wrote:
Thu Oct 24, 2019 8:35 pm
I'm a lowly Voyager Select client. I don't get an advisor, a hat or a mug. :-(
It's OK MNGopher. On the bright side, your football team is ranked in the top 25 for at least a couple more weeks. :D
A wise man and his money are friends forever...

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Re: Benefits of Flagship Status at Vanguard?

Post by MNGopher » Thu Oct 24, 2019 8:46 pm

ChowYunPhat wrote:
Thu Oct 24, 2019 8:42 pm
MNGopher wrote:
Thu Oct 24, 2019 8:35 pm
I'm a lowly Voyager Select client. I don't get an advisor, a hat or a mug. :-(
It's OK MNGopher. On the bright side, your football team is ranked in the top 25 for at least a couple more weeks. :D
Rose Bowl bound! :D

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Re: Benefits of Flagship Status at Vanguard?

Post by Big Dog » Thu Oct 24, 2019 9:33 pm

Explorer wrote:
Thu Oct 24, 2019 8:11 pm
Big Dog wrote:
Thu Oct 24, 2019 12:07 pm
I valued the personal rep. I'm very disappointed they stopped that service.
I still have a personal Rep (but maybe bcos I never call?).
Perhaps you are Flagship Select or something like that? All the regular Flagship friends I have have lost a dedicated rep...I miss that as many others said here coz I used to call for occasional consultation.
Nope, not even half-way there. (I wish I had the assets to be Flag Select. :moneybag )

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Re: Benefits of Flagship Status at Vanguard?

Post by sperry8 » Thu Oct 24, 2019 9:38 pm

flarf wrote:
Thu Oct 24, 2019 10:37 am
I take advantage of the free outbound wire transfers. That seems to be a less common perq than free inbound transfers.
Agreed, this is one perk I actually use (and appreciate). Used it today in fact :moneybag Although HSBC Premier offers no wire fees either (and requires much less on deposit with them to get it).

As for the OP - I recently moved $1mm into Schwab to take advantage of their $2,500 promo for doing so. I also intend to take advantage of the offer to get their Platinum American Express and $1mm on deposit lowers the card annual fee by $200. Still leaves me at VG as well (and I remain Flagship). So you can see that I agree with you to a point... that is, if another firm wants to offer something substantive (i.e., cash, airline miles, etc. + discounts on a credit card I want), they will win some of my business. But moving for the sake of moving? No thanks. I trust Vanguard and since I hold a lot of VG funds prefer to keep those assets with them.

I could gather all assets to VG to gain Flagship Select status, but a quick perusal of the benefits (as a boglehead) offers me nothing I want... so I don't bother doing it.
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Re: Benefits of Flagship Status at Vanguard?

Post by Cubicle » Thu Oct 24, 2019 10:14 pm

I'm dreaming of the day I get to Flagship status. Being a Voyager Select is getting boring... Although through Twitter I got a mug & tiny notebook from them. I do have 2 Vanguard caps that I purchased myself.

Flagship Select? Well golly that's quite dream...

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Explorer
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Re: Benefits of Flagship Status at Vanguard?

Post by Explorer » Fri Oct 25, 2019 6:19 am

Wiggums wrote:
Thu Oct 24, 2019 8:23 pm
Explorer wrote:
Thu Oct 24, 2019 8:11 pm
Big Dog wrote:
Thu Oct 24, 2019 12:07 pm
I valued the personal rep. I'm very disappointed they stopped that service.
I still have a personal Rep (but maybe bcos I never call?).
Perhaps you are Flagship Select or something like that? All the regular Flagship friends I have have lost a dedicated rep...I miss that as many others said here coz I used to call for occasional consultation.
I logged in this evening and I still see my assigned FS rep. I think I spoke with my rep once when I retired and he redirected me to the folks that transfers funds. Lol
This is certainly interesting...wonder why they left designated reps for some but cleared for most FS clients??

cdaddio23
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Re: Benefits of Flagship Status at Vanguard?

Post by cdaddio23 » Fri Oct 25, 2019 6:29 am

A possible benefit is access to closed funds such as PRIMECAP funds

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Re: Benefits of Flagship Status at Vanguard?

Post by RickBoglehead » Fri Oct 25, 2019 6:51 am

cdaddio23 wrote:
Fri Oct 25, 2019 6:29 am
A possible benefit is access to closed funds such as PRIMECAP funds
This ^^^ Not a possible benefit, an actual benefit that exists.
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Re: Benefits of Flagship Status at Vanguard?

Post by RickBoglehead » Fri Oct 25, 2019 6:53 am

RickBoglehead wrote:
Fri Oct 25, 2019 6:51 am
cdaddio23 wrote:
Fri Oct 25, 2019 6:29 am
A possible benefit is access to closed funds such as PRIMECAP funds
This ^^^ Not a possible benefit, an actual benefit that exists.
Explorer wrote:
Fri Oct 25, 2019 6:19 am
This is certainly interesting...wonder why they left designated reps for some but cleared for most FS clients??
Just to make a point - I don't know that anyone has posted a quantitative assessment of how many people kept a rep vs. losing a rep, so "cleared for most" may not be accurate, even if it's accurate (unproven) for posters on this forum. Only Vanguard knows what they've done.
Avid user of forums on variety of interests-financial, home brewing, F-150, PHEV, home repair, etc. Enjoy learning & passing on knowledge. It's PRINCIPAL, not PRINCIPLE. I ADVISE you to seek ADVICE.

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Re: Benefits of Flagship Status at Vanguard?

Post by SlowMovingInvestor » Fri Oct 25, 2019 7:19 am

RickBoglehead wrote:
Fri Oct 25, 2019 6:51 am
cdaddio23 wrote:
Fri Oct 25, 2019 6:29 am
A possible benefit is access to closed funds such as PRIMECAP funds
This ^^^ Not a possible benefit, an actual benefit that exists.
I don't hold PRIMECAP, but do hold Capital Opportunity (also managed by Primecap). Return has been decent, but not really beating the growth indexes. And those distributions -- Oy !

So to add to this -- I am not convinced that this confers much benefit to Bogleheads.

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Harry Livermore
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Re: Benefits of Flagship Status at Vanguard?

Post by Harry Livermore » Fri Oct 25, 2019 8:51 am

Flagship status has not yielded any benefit that I can see. My wife and I are both in old-school MF accounts, not the brokerage accounts.
I think lower ERs would be nice, like when you move from regular to Admiral shares.
But I'm pretty much a DIY, so the occasional phone call I make to VG seems to be handled pretty well.
Cheers

EnjoyIt
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Re: Benefits of Flagship Status at Vanguard?

Post by EnjoyIt » Fri Oct 25, 2019 9:07 am

I would love a mug or a small insulted tumbler.
How do I sign up being a flagship member?


Ohhh, and I will stick with vanguard. I find them to be most fiduciary out of the competition.

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Explorer
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Re: Benefits of Flagship Status at Vanguard?

Post by Explorer » Sat Oct 26, 2019 1:11 pm

RickBoglehead wrote:
Fri Oct 25, 2019 6:53 am
RickBoglehead wrote:
Fri Oct 25, 2019 6:51 am
cdaddio23 wrote:
Fri Oct 25, 2019 6:29 am
A possible benefit is access to closed funds such as PRIMECAP funds
This ^^^ Not a possible benefit, an actual benefit that exists.
Explorer wrote:
Fri Oct 25, 2019 6:19 am
This is certainly interesting...wonder why they left designated reps for some but cleared for most FS clients??
Just to make a point - I don't know that anyone has posted a quantitative assessment of how many people kept a rep vs. losing a rep, so "cleared for most" may not be accurate, even if it's accurate (unproven) for posters on this forum. Only Vanguard knows what they've done.
Don't have a scientific answer but anecdotally most FS clients that posted here said they lost their designated rep while only a few said they kept the designated reps... as you said only VG knows the exact numbers. This alone would not be a reason for me to jump from VG.

tibbitts
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Re: Benefits of Flagship Status at Vanguard?

Post by tibbitts » Sat Oct 26, 2019 1:18 pm

EnjoyIt wrote:
Fri Oct 25, 2019 9:07 am
I would love a mug or a small insulted tumbler.
How do I sign up being a flagship member?


Ohhh, and I will stick with vanguard. I find them to be most fiduciary out of the competition.
That's the problem with giving away stuff to one person, when you have a million customers who would "qualify" for it. So now you're looking at a multi-million-dollar expense for Vanguard that we all have to pay for.

I think the best solution would be to sell merchandise online.

EnjoyIt
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Re: Benefits of Flagship Status at Vanguard?

Post by EnjoyIt » Sat Oct 26, 2019 1:28 pm

tibbitts wrote:
Sat Oct 26, 2019 1:18 pm
EnjoyIt wrote:
Fri Oct 25, 2019 9:07 am
I would love a mug or a small insulted tumbler.
How do I sign up being a flagship member?


Ohhh, and I will stick with vanguard. I find them to be most fiduciary out of the competition.
That's the problem with giving away stuff to one person, when you have a million customers who would "qualify" for it. So now you're looking at a multi-million-dollar expense for Vanguard that we all have to pay for.

I think the best solution would be to sell merchandise online.
With that attitude I'll never get my tumbler/mug

Costco is selling small tumblers right now 4 for $16.99. If you hit flagship status you have $1 million which at the lowest ER fund being the total US market at 0.03% that comes out to $300. Maybe a $4.25 mug could be a nice reward after being flagship for 5 years.

Seriously though, I would rather have the expense ratio go down on my total international index fund before I get vanguard labeled paraphernalia.

Leesbro63
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Re: Benefits of Flagship Status at Vanguard?

Post by Leesbro63 » Sat Oct 26, 2019 2:28 pm

Can you tell me more about PRIMECAP funds? I haven’t tuned into this before.

AlphaLess
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Re: Benefits of Flagship Status at Vanguard?

Post by AlphaLess » Sat Oct 26, 2019 2:36 pm

ChowYunPhat wrote:
Thu Oct 24, 2019 12:33 pm
Please stop requesting hats from VG, you're going to drive my ERs up. :D
Are the hats made out of gold, by chance?
"A Republic, if you can keep it". Benjamin Franklin. 1787. | Party affiliation: Vanguard. Religion: low-cost investing.

AlphaLess
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Re: Benefits of Flagship Status at Vanguard?

Post by AlphaLess » Sat Oct 26, 2019 2:38 pm

The best benefit would be to have a small ER reduction.

E.g., 1 bps or 0.5 bps reduction in ER on all assets. At $5MM, that is $500 or $250 a year.
"A Republic, if you can keep it". Benjamin Franklin. 1787. | Party affiliation: Vanguard. Religion: low-cost investing.

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ruralavalon
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Re: Benefits of Flagship Status at Vanguard?

Post by ruralavalon » Sat Oct 26, 2019 4:03 pm

Explorer wrote:
Thu Oct 24, 2019 7:21 am
With all the brokers going to $0 commission on most everything - and unlimited trades - is there really value in maintaining Flagship status?

The only things I currently like at VG are MM rates and certain active mutual funds - which I can avail even without the Flagship status.

Comments welcome.
Since we have all investing accounts at Vanguard and use only Vanguard index funds, $0 commissions and unlimited trades on stocks, ETFs or funds from other companies are of no interest to us.

I would like a nice Vanguard coffee mug, and would even be willing to pay for one.
Last edited by ruralavalon on Sat Oct 26, 2019 4:15 pm, edited 2 times in total.
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retired@50
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Re: Benefits of Flagship Status at Vanguard?

Post by retired@50 » Sat Oct 26, 2019 4:08 pm

Leesbro63 wrote:
Sat Oct 26, 2019 2:28 pm
Can you tell me more about PRIMECAP funds? I haven’t tuned into this before.
Check out VPMAX and VPCCX. Unfortunately, both funds are closed to new investors at the moment. If they open up again, you can buy enough to get a small position, and build from there.

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