Advisors or consultants can really take the advantage of the newest technology to help them function better. By combining instinct and natural skills of the advisors and the robo technology, better outcome and result can be achieved.
That’s the idea of Vanguard personal advisor services – not to dish out the human role completely but to combine the technology with the human counterpart to achieve better results and outcome in the investment activities.
About the Service
Basically, the Vanguard personal advisor services is just the same as other financial personal advisor service in the industry – they provide an assistance in reviewing your financial standing and condition, they asses your ability, they create a financial plan and scheme that is accustomed to your condition and situation, and they monitor your progress.Read it first Vanguard Total Stock Market Index Fund
A financial advisor will work together with you even after they have created a plan, monitoring and viewing your progress.
If there is a progress, they may elevate it to a higher level. But if the plan doesn’t work, they will change the plan. It is basically the kind of assistance Vanguard personal advisor services offer to their clients.
However, the major difference of Vanguard personal advisor services with the others is the inclusion of technology in the decision making.
Unlike the traditional advisor service depending too much on guts, instinct, or guess work, the robo advisors depend on exact measurement and logical calculation. And one major advantage of having the robo advisor is the reliable automated system –although for a price.Read it first Vanguard Total Bond Market Index Fund
If you want to have the service, you need to have at least $50,000 deposit for your account. And that number is definitely not a small number, for sure. This is also one of the major reasons why beginner investors are hesitant to make such a commitment – most of them don’t really have that much.
When compared to other robo advisor services, this number is definitely ‘too high’ – although a lot of people have admitted that this system really works for a satisfying outcome.
The Major Features
The major features of Vanguard personal advisor services include:
- Human advisor. The robo advisor won’t be working alone. The human counterpart is still needed to interact with another human – making humane connection. At the same time, the system is making correct calculation to deliver satisfying and promising result. After all, human counterparts are needed to make intuitive view and assessment – something that robo advisor can’t do.
- Admiral access. All the clients will get access to the Admiral class share.
- Auto deposit. With this system, you can make automatic deposit to your own personal account whenever you want to – whether it is weekly, monthly, or bi-monthly – it is all up to you.
- Portfolio rebalancing. With a specific algorithm designed for solid investment, the robo advisor can automatically rebalance your portfolio to boost returns and reduce potential risks
Read it first: Harvard Vanguard West Roxbury
In the end, the Vanguard personal advisor services offers you a lot of perks and benefits – things that you shouldn’t overlook when you want to make a solid investment in finance. Want to take a look deeper into the system?