They are still working to extend the same for retirees. I tried it the non-retiree version. Since they have my information, I did not need to enter a lot of details. It could not pinpoint my characteristic but came up with a suggestion of 52% stocks and 48% Bonds. Here is my current portfolio.
|Gladstone Capital Corp||GLAD||0.67%|
|KKR Income Opportunities Fund||KIO||9.64%|
|PIMCO Dynamic Credit and Mortgage Income Fund||PCI||26.59%|
|Solar Capital Ltd||SLRC||1.21%|
|VanEck Vectors BDC Income ETF||BIZD||1.77%|
|Vanguard Dividend Appreciation ETF||VIG||5.98%|
|Vanguard Energy Index Fund ETF Shares||VDE||4.34%|
|Vanguard Total Stock Market ETF||VTI||49.81%|
Where are you seeing no cost? my understanding was that digital advisor cost 20 bps.
You can see the screen shot. That is what it says. I saw it even two days ago when I logged into my wife's account to make a change in her account. The same screen shot came up. It is a Robo advice. I tried it.
There is a fee. Read on.
**Vanguard Digital Advisor is an all-digital service that targets an annual net advisory fee of 0.15% across your enrolled accounts, although your actual fee will vary depending on the specific holdings in each enrolled account. To reach this target, Vanguard Digital Advisor starts with a 0.20% annual gross advisory fee to manage Vanguard Brokerage Accounts. However, we’ll credit you for the revenues that The Vanguard Group, Inc. ("VGI"), or its affiliates receive from the securities in your Digital Advisor managed portfolio (i.e., at least that portion of the expense ratios of the Vanguard funds held in your portfolio that VGI or its affiliates receive). Your net advisory fee can also vary by enrolled account type. The combined annual cost of Vanguard Digital Advisor's annual net advisory fee plus the expense ratios charged by the Vanguard funds in your managed portfolio will be 0.20% for Vanguard Brokerage Accounts. For more information, please review the Vanguard Digital Advisor Brochure (PDF document that opens a new tab).
Yes, new Digital robo-advisor at low-cost of 0.15-0.20%. Doesn't say no-cost anywhere. It starts with 0.20% total fee but rebates the fees of underlying funds to net about 0.15% fee. It is all-digital, like other robo-advisors.
Older VG PAS costs 0.30% plus fees of underlying funds [so, about 0.35% total]. It is also the VG version of robo-advisor but the results of computer output are communicated by someone in the VG call center.
Thansk Bob & Yogi, for the clarification. The screen shot was not clear about. I just tried it and never finished the process because I did not need it anyway.