Indexing giant Vanguard Group plans to launch a robo-advisory service that cuts out human financial advisers completely. Vanguard is pilot-testing the new platform, in a sign of how the world’s second-largest money manager is aiming to capture younger, tech-savvy investors. Vanguard’s robo-advisory push would increase the competition with...
Vanguard is testing a robo-advisory platform that provides a service without any human financial advisers whatsoever. Personal Advisor Service is aimed at younger investors and will compete against Charles Schwab and Betterment with fees of 0.15% or $ 15 for every $ 50,000 investment. The new service is in addition to Vanguard Digital Advisor 's Vanguard Digital Advisor , which combines robo-advisory and personal advisers for clients with a minimum investment of $ 15 .