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Vanguard Digital Advisor Robo Advisors® Review


ConsumersAdvocate.org Rating: 4.8 / 5 (Excellent)
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Vanguard Digital Advisor is offered by Vanguard Advisers, Inc.
 
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How is Vanguard Digital Advisor rated?

Breakdown

4.8/5
Features
4.8/5
Pricing and fees
4.8/5
Reputation

Overall Rating: 4.8 / 5 (Excellent)

Vanguard Digital Advisor, offered by Vanguard Advisers, Inc., is worth a closer look if you are new to investing or if you prefer some support but don't want to pay for a human financial advisor. Its $3,000 minimum investment requirement is a little steep compared to its competitors, but Vanguard's reputation in the industry and Digital Advisor's useful online tools make it a top choice for anyone who can afford it.

Vanguard Digital Advisor Account Features

Features - 4.8 / 5

Vanguard's Digital Advisor service is a fully automated robo-advisor and an alternative to the company's hybrid financial advisory service for those who would like to keep their costs as low as possible. You need at least $3,000 in a Vanguard brokerage account to take advantage of this service. After answering some questions about your investment goals, Digital Advisor will invest your savings in a combination of a few core Vanguard exchange-traded funds (ETFs). You can monitor your progress over time and link your financial accounts at other institutions so you can review your retirement goal outlook in one place. There are also tools to help you develop strategies to pay down debt faster and measure your progress toward your retirement goals. Vanguard Digital Advisor will periodically rebalance your portfolio as necessary to ensure you stay on track.
Robo-advisor Type
Fully Automated
Account Minimum
$3,000
Goals
Save for Retirement
Integration with Other Accounts
Roth IRA
IRA
Other Brokerage Accounts
Types of Assets
ETF Portfolios
Access to Financial Advisors
No
Automatic Portfolio Rebalancing
Yes
Tax Loss Harvesting
No
Direct Indexing
No

Vanguard Digital Advisor Fees & Commission

Pricing and fees - 4.8 / 5

Vanguard Digital Advisor's annual net advisory fee is approximately 0.15% across your enrolled accounts for a typical investment portfolio, which comes out to about $4.50 per year for a $3,000 portfolio. That's pretty affordable compared to some other robo-advisors, so it's a good choice for those who want to keep their costs low. You won't owe any other trading commissions, even when your ETF portfolio changes over time.
Billing Frequency
Quarterly
Commission
Approximately 0.15% annual advisory fee

Vanguard Digital Advisor Reputation & Customer Service

Reputation - 4.8 / 5

While Vanguard Digital Advisor is fairly new to the robo-advisors scene, its parent company Vanguard, is one of the leaders in its industry, offering a wide variety of investment products and services to cater to people of all backgrounds and skill levels.
Year Founded
1975
Consumer Financial Protection Board (CFPB) Complaints
BBB Rating
A+
Contact Methods
Phone
Email
Mobile App
Yes
Date Collected
2020-10-16

Company Profile

Full Name
Vanguard Digital Advisor Robo Advisors®

Disclaimers

All investing is subject to risk, including the possible loss of the money you invest.

Vanguard Digital Advisors services are provided by Vanguard Advisers, Inc. ("VAI"), a federally registered investment advisor. VAI is a subsidiary of VGI and an affiliate of VMC. Neither VAI nor its affiliates guarantee profits or protection from losses.

Vanguard Digital Advisor is an all-digital service. Digital Advisor’s annual net advisory fee is approximately 0.15% across your enrolled accounts for a typical investment portfolio, although your actual net fee will vary depending on the specific holdings in each enrolled account. Vanguard Digital Advisor charges a 0.20% annual gross advisory fee to manage Vanguard Brokerage Accounts. However, we'll credit you for the revenues that The Vanguard Group, Inc. ("VGI"), or its affiliates receive from the securities in your Digital Advisor managed portfolio (i.e., at least that portion of the expense ratios of the Vanguard funds held in your portfolio that VGI or its affiliates receive). Your net advisory fee can also vary by enrolled account type. For more information, please review Form CRS and the Vanguard Digital Advisor brochure.

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Our Partner
$3,000 minimum to enroll
  • Portfolio of Vanguard ETFs
  • Annual net advisory fee of approximately 0.15% 
  • Track progress toward retirement goals
  • Automatic investments and rebalancing 
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