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 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 .