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Vanguard is owned by the funds managed by the company and is therefore owned by its customers. [11] Vanguard offers two classes of most of its funds: investor shares and admiral shares. Admiral shares have slightly lower expense ratios but require a higher minimum investment, often between $3,000 and $100,000 per fund. [12]
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To open and maintain a margin account with Vanguard, you must have at least $2,000 in cash and assets in your account at all times. This must exceed the value of any margin loans.
A client (destination) usually has a small number of open instruments, though larger numbers are also supported. The server has two levels of access permission: Login permission – whether the client is allowed to connect to the server. Information permission – whether the client is allowed to view information about the current instrument.
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