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 Vanguard Personal Advisor Services and Merrill Edge Guided Investing (MEGI).
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 Vanguard Personal Advisor Services and Merrill Edge Guided Investing (MEGI) stack up against each other on these features.
To start, we will compare the fees for trading with both robo
advisors. Vanguard Personal Advisor Services has
annual fees at 0.30% fee per year. In
contrast, Merrill Edge Guided Investing (MEGI) has annual fees of 0.45%.
When it comes to fees, Vanguard Personal Advisor Services is the cheaper service.
Let's consider the minimum investment that's required to use both Vanguard Personal Advisor Services and Merrill Edge Guided Investing (MEGI).
At $5,000, Merrill Edge Guided Investing (MEGI) 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 Merrill Edge Guided Investing (MEGI) does not. If you are someone who wants help on your employee-sponsored retirement account, Vanguard Personal Advisor Services will be your option.
Overall, Vanguard Personal Advisor Services rates 8 out of 10, while Merrill Edge Guided Investing (MEGI) ranks 8 out of 10. For more information on either, you can read our full reviews on Vanguard Personal Advisor Services and Merrill Edge Guided Investing (MEGI).
|Review||Vanguard Personal Advisor Services Review||Merrill Edge Guided Investing (MEGI) Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, Custodial, SEP IRA, SIMPLE IRA, 401(k), Solo 401(k), 529|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting|
|Retirement Planning Tools|
|Automatic Deposits||Weekly, Biweekly, Monthly and Bimonthly||Daily, Weekly, Biweekly and Monthly|
|Clearing Agency||N/A||Merrill Lynch|
|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 8A-8P ET; Email M-F||Phone: 24/7; Live Chat: 24/7; Email|
|Assets Under Management||$101B||$0|
|Number of Accounts||N/A||N/A|
|Sign Up||Sign Up|
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.
About Merrill Edge Guided Investing (MEGI)
MEGI is a robo advisor that combines automated investing with active management of your portfolio. It invests your money in index-based ETFs, but it actively manages your portfolio allocation. This gives you an opportunity to both outperform the market and minimize losses in a downturn. The major negative is that the management fee is higher than those of most other robo advisors. But the active management component may very well justify the higher fee.