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 Wealthfront.
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 Wealthfront 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, Wealthfront has annual fees of 0.25%.
When it comes to fees, Wealthfront is the cheaper service.
Let's consider the minimum investment that's required to use both Vanguard Personal Advisor Services and Wealthfront.
At $500, Wealthfront 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 Wealthfront 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 Wealthfront ranks 9.5 out of 10. For more information on either, you can read our full reviews on Vanguard Personal Advisor Services and Wealthfront.
|Review||Vanguard Personal Advisor Services Review||Wealthfront Review|
Overall rating as by Investor Junkie.Rating
|Commissions & Fees|
|Ease of Use|
|Tools & Resources|
|Promotions||None||$15k Managed for Free|
|Account Fees||0.30%/year||First $10k managed free; 0.25%/year for $10k+|
|Accounts Available||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Trusts||Taxable, Joint, Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, Trusts, Non-Profit, 529|
Does the robo-advisor offer assistance with your employer sponsored retirement plan?401(k) Guidance
|Tax Loss Harvesting||— All Taxable Accounts|
|Retirement Planning Tools|
|Automatic Deposits||Weekly, Biweekly, Monthly and Bimonthly||Weekly, Biweekly, Monthly and Quarterly|
|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: M-F 7A-5P PT; Email|
|Assets Under Management||$101B||$10B|
|Number of Accounts||N/A||244K|
|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.
Wealthfront is a robo advisor that emphasizes low fees and automated investing. The service shines when you have a taxable account, and the service is free for accounts under $10k. The negative is it doesn't support fractional shares.