Vanguard is a well known no-load mutual fund company globally. They offer a wide selection of ETFs, no-load mutual funds, financial planning and other services from a stock broker.
They also offer Vanguard Personal Advisory Services (PAS) an investment management service in addition to its traditional financial products. The PAS delivers a blend of algorithmic and human investment advice for their client funds.
Continue reading below to learn more about Vanguard’s Personal Advisor Services and how you can get started with their hybrid-robo advisor!
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Table of Contents
Vanguard Personal Advisor Services Summary
|Account management, planning or subscription fee||
|Setup or onboarding fee||None|
|Advisor access and credentials||
|Financial planning services||Can advise and create a custom portfolio for a variety of situations, such as saving for retirement, college, or a family vacation home.
|Investment expense ratios||Asset-weighted average is 0.10%.|
|Brokerage options||Clients must move money to Vanguard.|
|Portfolio construction||Customizable on client-by-client basis.|
|Tax strategy||Assets are allocated strategically among taxable and tax-advantaged accounts to optimize for taxes. Tax-loss harvesting done on client-by-client basis.|
|Customer support options (includes website transparency)||Customer service hours are Monday to Friday, 8am to 8pm Eastern time.|
|Promotion||No promotion available at this time|
- Low management fee for an online planning service
- Large investment selection.
- Comprehensive management.
- Access to financial advisors.
- High account minimum.
- Website offers less of a guiding hand than some competitors.
(Learn more at Vanguard)
How Does It Work?
So what can the Vanguard Personal Advisory Services do for you? They can help develop a custom investment plan based on your life goals and then manage your investments to line up with your custom portfolio preferences which will be built through Vanguard’s low-cost index funds.
Once you’re a client, you can choose to use Vanguard’s online or mobile app to view all of your portfolio holdings and investment performance and keep track of goals. Not only that, you get access to chat with a Vanguard personal advisor anytime you want, so if you have any questions, you can easily contact them whenever you need to do so.
Advisors are available by phone, email and videoconference from 8:00 AM to 8:00 PM Eastern Time.What’s more is that all deposits and withdrawals are made through your personal advisor which can help you keep you on track.
You get an annual report and Vanguard rebalancing your portfolio if it drifts more than 5% in order to maintain your target asset and fund allocation. Plus you pay 0.3% of assets under management – this equals about $150 for every $50,000 invested – and you can cancel anytime.
- Covered by SIPC insurance — accounts at Vanguard are covered up to $500,000 and by excess coverage from Lloyd’s of London up to $50,000,000 per account.
- Services are self-clearing — Vanguard uses self-clearing through Vanguard Brokerage Services for all trades and transactions.
Vanguard Personal Advisor Services has an annual fee based on the amount of assets being managed. They have a flat fee os 0.30% of all the assets under management and that amounts to $150 per your on a $50,000 managed account or $1,500 per year for a half a million dollar portfolio.
The higher the investment you choose to go, the fees become less pricey. Also, keep in mind that the fee is billed quarterly to your account.
|0.30%||First $5 million assets|
|0.25%||Assets between $5 million and $10 million|
|0.10%||Assets between $10 million and $25 million|
|0.05%||Assets above $25 million|
Not to mention, along with the 0.30% management fee, the underlying mutual funds and ETFs in a client’s portfolio carry expense ratios that average 0.10%, it’s lower compared to other advisory services. Vanguard advisors use only Vanguard ETFs, which do not incur brokerage commissions at Vanguard.
Should You Apply For Vanguard’s
Personal Advisor Services?
If you’re able to deposit $50,000 to invest then consider investing it through Vanguard. Although their Personal Advisor Services charges a bit more compared to others, it also offers more for your account since Vanguard’s advisors combine the strengths of a robo-advisor with personalized financial planning.
Vanguard Personal Advisor Services is a strong hybrid advisor and it is best for larger account balances, access to financial advisors, and for those who are looking for comprehensive financial planning. But it does have a hefty $50,000 account minimum.
(Learn more at Vanguard)
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