We've reviewed many investing and personal finance services. We want to help you make the best decision of which service best suits your needs.
This comparison we review M1 Finance and Vanguard Personal Advisor Services.
From our research, annual fees, minimum deposit, and 401(k) support the most important
features which choosing a robo advisor. Let's look at how M1 Finance and Vanguard Personal Advisor Services stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. M1 Finance has
annual fees at 0% fee per year. In
contrast, Vanguard Personal Advisor Services has annual fees of 0.30%.
M1 Finance wins because their service is free to use.
Let's consider the minimum investment that's required to use both M1 Finance and Vanguard Personal Advisor Services.
At $0, M1 Finance requires a smaller minimum deposit.
When it comes to supporting 401(k) plans, there is a clear line of division. Vanguard Personal Advisor Services does offer support for 401(k) plans, while M1 Finance does not. If you are someone who wants input on your employee-sponsored retirement account, Vanguard Personal Advisor Services will be your option.
Overall, M1 Finance rates 8.5 out of 10, while Vanguard Personal Advisor Services ranks 8 out of 10. For more information on either, you can read our full reviews on M1 Finance and Vanguard Personal Advisor Services.
|Review||M1 Finance Review||Vanguard Personal Advisor Services Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||Invest for FREE||None|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Trusts|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|Retirement Planning Tools|
|Automatic Deposits||Daily, Weekly, and Monthly||Weekly, Biweekly, Monthly and Bimonthly|
|Clearing Agency||Apex Clearing||N/A|
|Socially Responsible Investing|
|Invests in Commodities|
|Invests in Real Estate|
How can you access the sevice? Website only? Via smartphone app?Access
|Website, iOS App, Android App||Website, iOS App, Android App|
More security to prevent unauthorized access to your account.Two-Factor Authentication
|Customer Service||Phone: M-F 9A-5P CT; Email||Phone M-F 8A-8P ET; Email M-F|
|Assets Under Management||$30M||$101B|
|Number of Accounts||N/A||N/A|
|Sign Up||Sign Up|
About M1 Finance
Combining the best of both traditional investment brokerage accounts and robo advisors, M1 Finance is dangerously close to being the perfect all-around investment platform. The only significant negatives are that it does not offer tax-loss harvesting or investment in mutual funds.
About Vanguard Personal Advisor Services
A solid entry into the robo advisor space, Vanguard Personal Advisor Services is backed by the trusted Vanguard brand and features real, live human advisors you can call. Unfortunately, the service requires a hefty $50k deposit, which excludes many beginning investors.