Vanguard Robo-Advisor Review 2019 - Make Lemonade

Vanguard Robo-Advisor Review

Company Overview: Vanguard

Based in Pennsylvania, Vanguard is a leading online stock broker that serves its customers and the classic discount brokerage. Vanguard’s robo-advisor is called the Vanguard Personal Advisor Services. Founded by investment legend John Bogle, Vanguard has $4.5 trillion in assets under management. Bogle is credited with the creation of the first index fund available to individual investors. Vanguard specializes in low-cost index funds, and offers among the lowest index funds in the industry. Vanguard Personal Advisor Services also offers human financial advisors.

Vanguard Overview

Vanguard offers attractive rates and terms compared with other top online robo-advisors:

Account Minimum: $50,000

Commission: 0.30% annually

Portfolio Mix: Portfolio of low-cost, diversified index funds

Account Types: Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts

Portfolio Rebalancing: Yes

Tax Loss Harvesting: Client-by-client basis

Account Fees: $20 annually

How Vanguard Compares: Key Benefits Of Vanguard

Here are some of the reasons that investors love Vanguard:

  • Automated: Vanguard is a robo-advisor and therefore does all the investment work for you. You don’t have to manage your investments. Vanguard does all the heavy lifting using technology.
  • Portfolio: Vanguard a portfolio of index funds that are low cost and diversified.
  • No Commissions: Vanguard only charges one annual fee based on the size of your investment portfolio. Therefore, there are no commissions.
  • Access To Financial Advisors: Vanguard offers unlimited access to licensed financial advisors with a minimum account balance of $500,000. If you have an investment portfolio of at least $1 million, access to financial advisors is free.
  • Customer Support: Vanguard offers live phone support Monday-Friday.

Bottom Line: Is Vanguard right for you?

Vanguard as a top reputation as a low index fund asset management firm. The best feature of Vanguard’s platform is its automatic rebalancing and tax loss harvesting. There are also no commission on trading or transfers, which can save money relative to traditional online robo-advisors if you are an active trader.

You do need a minimum balance of $50,000 to open an account, which is high compared to other robo-advisors. However, its lower fees can counteract the balance requirement to open an account.
The Vanguard Personal Advisor Services platform builds portfolios on a client-by-client basis. Portfolios are primarily built with Vanguard index funds.

Vanguard also offers low fees for a robo-advisor. You will also gain access to Vanguard’s team of human financial advisors for a fee with a minimum balance of $500,000. Vanguard believes that the best financial advice comes from both technology and human advisors. The fee is waived for portfolios greater than $1 million.

Next Steps: How To Apply To Vanguard

You can open a Vanguard account online within a few minutes, and the process is simple.


The Best Robo-Advisors 2019

Robo-Advisor
Annual Fee

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 16 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 12 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

Advertiser Disclosure