At Investor Junkie, we reviewed over 100 investing and personal finance services. Our goal is to bring you the most honest, simple, and informative reviews. Turns out, users also want to compare specific services.
This review compares Vanguard Personal Advisor Services and Hedgeable. The better service depends on your needs. So let's dive in!
According to our readers (you!), when it comes to robo advisors, people care most about the fees, minimum investment requirements, and whether or not the service supports for 401(k) plans. Let's look at how Vanguard Personal Advisor Services and Hedgeable stack up against each other on these threads.
To start, we will compare the fees for trading with both robo advisors. Vanguard Personal Advisor Services has a fees starting at 0.30% fee per year. To contrast, Hedgeable has annual fees of 0.30%.
When it comes to fees, both Vanguard Personal Advisor Services and Hedgeable are equal in starting fees.
Let's consider the minimum investment that's required to use both Vanguard Personal Advisor Services and Hedgeable.
At $1, Hedgeable requires a smaller minimum deposit.
Unfortunately, neither service offers assistance with your 401(k) and you will have to find another service if this is a requirement for you.
Overall, Vanguard Personal Advisor Services gets a 8/10 rating, while Hedgeable gets a 7.5/10 rating. For more information on either service, you can read our full reviews on Vanguard Personal Advisor Services and Hedgeable.
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.
Hedgeable lets everyday investors take advantage of the "insider" techniques of the biggest hedge funds. It offers one of the industry's most diverse portfolio, and there's no required account minimum. However, on the downside, Hedgeable's fees are a bit on the steep side.
|Review||Vanguard Personal Advisor Services Review||Hedgeable Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Account Fees||0.30%/year||0.30% – 0.75%/year — Depends upon amount deposited|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SIMPLE IRA, Solo 401(k), Trusts|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||No||Yes — All Taxable Accounts|
|Retirement Planning Tools||No||No|
|Automatic Deposits||Weekly, Biweekly, Monthly and Bimonthly||Weekly, Biweekly, Monthly and Yearly|
|Clearing Agency||N/A||Apex Clearing|
|Socially Responsible Investing||No||Yes|
|Invests in Commodities||No||Yes|
|Invests in Real Estate||Yes||Yes|
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 8A-8P ET; Email M-F||Phone: M-F 9A-6P ET; Live Chat: M-F 9A-6P ET|
|Assets Under Management||$101B||$70M|
|Number of Accounts||N/A||2K|
|Sign Up||Sign Up|