Vanguard is developing a robo - advisory service that is a service without any human financial intervention whatsoever . Vanguard Financial Advisor is aimed at younger investors and will compete against Charles Schwab and Betterment with fees of 5 % or $ 15 for every $ 10,000 investment . The new service is in addition to Vanguard 's Personal Advisor service , which combines robo - advisory and personal finance for clients with a minimum investment of $ 50,000 .
Vanguard is testing a robo-advisory platform that provides a service without any human financial advisers whatsoever. Vanguard Digital Advisor is aimed at younger investors and will compete against Charles Schwab and Betterment with fees of 0.15% or $15 for every $10,000 investment. The new service is in addition to Vanguard's Personal Advisor Service, which combines robo-advisory and personal advisers for clients with a minimum investment of $50,000.