Financial Advice - Vanguard Personal Advisor Select | Vanguard (2024)

FAQs

How much does Vanguard charge for personal advisor services? ›

Vanguard Personal Advisor charges Vanguard Brokerage Accounts an annual gross advisory fee of 0.35% for its all-index investment options and 0.40% for an active/index mix.

Vanguard Personal Advisor is the better choice if you're looking to invest in low-cost ETFs, which Fidelity Go doesn't offer. Vanguard also rewards higher account balances with lower fees, making it the stronger choice for investors with huge account balances.

We're available by phone Monday through Friday, 8 a.m.–8 p.m., Eastern time. Fill out the form to request a call, and an investment professional will call you back within 2 business days. We may also send you other Vanguard information you might be interested in. You can opt out at any time.

Bottom Line. On average, financial advisors charge between 0.59% and 1.18% of assets under management for their asset management. At 1%, an advisor's fee is well within the industry average.

Investors with $1 million to $5 million*

You're a Flagship client at Vanguard, which means you get personalized services reserved for our high-net-worth investors. Helping you look at your wealth holistically is important to us.

It's important to note that Vanguard's financial advisors are all fiduciaries. They don't earn commissions on their recommendations, meaning they have no vested interest in you picking one product over another, and they'll manage your portfolio for as long as your Vanguard Personal Advisor account is active.

Overall, you might save money at Fidelity if you trade options, but Vanguard will be cheaper if mutual funds are your focus. The key difference is that Fidelity is low-cost for a wide range of investor types, while Vanguard is a great low-cost solution aimed primarily at buy-and-hold investors.

To enroll, you'll need to meet the following requirements: You have a retail Vanguard Brokerage Account with a balance of at least $50,000. (If you're new to Vanguard, opening an account is simple.)

Digital Advisor's annual net advisory fee is approximately 0.15% across your enrolled accounts for a typical investment portfolio. And Personal Advisor's annual net advisory fee is approximately 0.30% across your enrolled accounts for a typical investment portfolio.

What are the benefits of a Vanguard advisor? ›

Recent Vanguard research¹ shows that your advisor not only adds peace of mind, but also may add about 3 percentage points of value in net portfolio returns over time. and the time to evaluate your portfolio investments, meet with you to discuss objectives, and help get you through tough markets.

It's their job to assess your needs, identify your goals and help you to overcome any challenges you face. Once you turn 18, they'll: Take over responsibility for supporting you.

Answer: From a regulatory perspective, it's usually prohibited to ever charge more than 2%, so it's common to see fees range from as low as 0.25% all the way up to 2%, says certified financial planner Taylor Jessee at Impact Financial.

Very generally, having between $50,000 and $500,000 of liquid assets to invest can be a good point to start looking at hiring a financial advisor. Some advisors have minimum asset thresholds. This could be a relatively low figure, like $25,000, but it could also be higher, such as $500,000, $1 million or even more.

Whether you should consider working with more than one advisor can depend on your overall goals and financial situation. If you're fairly new to investing and you haven't built up a sizable net worth yet, for instance then one advisor may be sufficient to meet your needs.

The minimum annual trust administration fee is $3,500. The maximum annual trust administration fee for any trust of $10 million or more is $17,500.

Vanguard Brokerage Services charges a $25 annual account service fee. We don't charge the fee to any of the following: Clients who have an organization or a trust account registered under an employee identification number (EIN).

This is a common fee structure where advisors charge a percentage of the total assets they manage for you. It ranges from 0.5% to 2%, depending on the total assets and the level of service provided. These fees cover continuous portfolio management, regular rebalancing, and sometimes ongoing financial planning.

Vanguard Digital Advisor charges no advisory fee for the first 90 days and then an annual fee of up to 0.20% or 0.25% of the assets being managed (depending on customizations selected).