Vanguard Digital Advisor
From Vanguard
Best for: Low-cost index investing, run for you
0.20% a year (gross)
Advisory fee
$100
To start
As of · sources in Details
Pros
- Low fee, reduced further by a fund-expense credit
- $100 to start
- Tax-loss harvesting
Cons
- Vanguard funds only
- No human advisor in the digital service, per reviewers
Who it fits
You want index funds and a low cost, with the upkeep done for you
What reviewers say
Reviewers like the low fees and low-cost funds for people who want a plan without the upkeep. Portfolios use only Vanguard funds, with no human advisor.
Paraphrased from NerdWallet, Vanguard Digital Advisor review; NerdWallet, Best robo-advisors.
Plain link. uFIRE earns nothing from it.
Details: full breakdown and sources
The numbers
The breakdown
Vanguard's digital advice service: a low fee, a $100 minimum and portfolios of Vanguard index funds.
Vanguard Digital Advisor charges a gross advisory fee of 0.20% a year for index portfolios (0.25% for an active option). Vanguard then reduces it by a credit for the expenses of the Vanguard funds you hold, so what you pay is lower than the gross figure.
You need at least $100 in a Vanguard brokerage account to enroll. Tax-loss harvesting is included.
Review themes, point by point
- Reviewers like the low fees and Vanguard's low-cost ETFs.
- It suits people who want a personalized plan without managing it themselves.
- Portfolios use only Vanguard funds.
- The digital service doesn't include a human advisor.
Reviews reflect each publisher's view on the day they wrote it.
All pros
- Low fee, reduced further by a fund-expense credit
- $100 to start
- Tax-loss harvesting
All cons
- Vanguard funds only
- No human advisor in the digital service, per reviewers
Might fit if
- You want index funds and a low cost, with the upkeep done for you
Maybe look elsewhere if:
- You want funds from other companies, or a human to talk to