Financial Disclaimer and Information About Vanguard Personal Advisor

The news story is about Vanguard Personal Advisor, a managed account service offered by Vanguard that combines robo-advisor features with human advisors to create custom portfolios and financial plans. The account is aimed at helping passive investors achieve long-term goals and preserve wealth. However, the high minimum requirement of $50,000 may deter some potential clients.

The story also highlights the pros and cons of Vanguard Personal Advisor, such as offering fiduciary advisors, a wide selection of mutual funds and ETFs, and automated tax-loss harvesting, but also having a high account minimum and not offering individual stocks, bonds, cryptocurrencies, or options.

Additionally, the news piece discusses the trustworthiness of Vanguard Personal Advisor, mentioning a lawsuit against the company for mishandling target-date funds and breaching fiduciary duty, as well as allegations of discrimination and settlements with regulatory authorities.

The article also compares Vanguard Personal Advisor with other similar services like Betterment and Fidelity Personalized Planning & Advice, discussing differences in fees, account minimums, and investment options.

Overall, the news story provides a comprehensive overview of Vanguard Personal Advisor, its features, fees, trustworthiness, and comparisons with other similar services, offering valuable insights for investors considering this managed account service.