Vanguard Digital Advisor®
Looking for help with your finances? See the eligibility requirements and other important information about using our digital advice services.
What you need to get started
Enrollments in Vanguard Digital Advisor require at least $3,000 in each Vanguard Brokerage Account.
For each taxable account you wish to enroll, the entire balance must be in the brokerage account's settlement fund.
For each traditional, Roth, or rollover IRA you wish to enroll, the entire balance must be in certain investment types (based on eligibility screening by Digital Advisor at the time of enrollment) and/or the brokerage account's settlement fund.
The following types of securities can be in your eligible IRA account and will be sold, after your consent, to invest the proceeds into your settlement fund before enrolling in Digital Advisor:
- Vanguard ETFs®.
- Non-Vanguard ETFs.
- Any share class of Vanguard mutual funds (except Vanguard Total Bond Market Index Fund, Vanguard Total International Bond Index Fund, Vanguard Total International Stock Index Fund, and Vanguard Total Stock Market Index Fund).
- Individual common stocks.
The following types of securities cannot be in your eligible IRA account before enrolling in Digital Advisor:
- Any share class of the following 4 mutual funds:
- Vanguard Total Bond Market Index Fund.
- Vanguard Total International Bond Index Fund.
- Vanguard Total International Stock Index Fund.
- Vanguard Total Stock Market Index Fund.
- Non-Vanguard mutual funds.
- Individual bonds.
- Securities traded on international exchanges.
- Preferred stocks.
- Penny stocks.
- Illiquid stocks.
In this case, you’d need to sell the ineligible securities and invest the proceeds in your brokerage account settlement fund before enrolling. If you're in this situation, you might also consider opening a new Vanguard Brokerage Account to enroll in Digital Advisor. We recommend you consult a qualified tax advisor to discuss your individual situation and any potential tax consequences.
Important: Digital Advisor doesn't assess the suitability of the sale of existing holdings given a particular client's financial circumstances; recommend selling a client's existing holdings; or provide tax advice. The sale of existing holdings could cause you to incur capital gains—costs associated with incurring capital gains vary based on the time you hold a position and your individual tax situation. The cost of incurring capital gains can be substantial.
For eligible 401(k) retirement accounts, the minimum enrollment balance is $5.†
Before getting started with Digital Advisor, you must confirm the following:
- You're a United States resident or you have a APO/FPO/DPO mailing address.
- You're not retired or within 1 year of retirement.
- You're not a company insider or control person.
- You're not enrolled in Vanguard Personal Advisor Services®.
You can expect to pay approximately 0.15% in net advisory fees on the assets you authorize Vanguard to manage on your behalf**, although your actual fee will vary depending on the specific holdings in each enrolled account. That means you'll pay approximately $15 in fees each year for every $10,000 managed.
Eligible account types
To enroll, you'll need a Vanguard Brokerage Account registered as one of the following:
- An Individual or a Joint tenants with rights of survivorship (JTWROS) taxable account.
- A traditional IRA.
- A Roth IRA.
- A rollover IRA.
Also, certain Vanguard-administered 401(k) retirement accounts are eligible for Digital Advisor if the plan sponsor has elected to offer Digital Advisor to the plan's participants and the participants meet the eligibility criteria.
Digital Advisor uses ETFs as its core investments for Vanguard Brokerage Accounts because of their low costs and minimum investment requirements.
When enrolled, you will receive a personalized combination of the following:
- Vanguard Total Stock Market ETF
- Vanguard Total International Stock ETF
- Vanguard Total Bond Market ETF
- Vanguard Total International Bond ETF
More questions to consider
See questions you should ask if you're considering getting financial advice. Digital Advisor's Client Relationship Summary (Form CRS) conversation starter questions [pdf]
See what Digital Advisor can do for you.
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Your goals are our goals.
Our unique, client-owned structure keeps us focused on investor needs first.
All investing is subject to risk, including the possible loss of the money you invest.
Vanguard Digital Advisor's services are provided by Vanguard Advisers, Inc. ("VAI"), a federally registered investment advisor. VAI is a subsidiary of VGI and an affiliate of VMC. Neither VAI, VGI, nor VMC guarantees profits or protection from losses.
*Enrollments in Vanguard Digital Advisor require at least $3,000 in each Vanguard Brokerage Account. For each taxable account you wish to enroll, the entire balance must be in the brokerage account's settlement fund (which is Vanguard Federal Money Market Fund). For each traditional, Roth, or rollover IRA you wish to enroll, the entire balance must be in certain investment types (based on eligibility screening by Digital Advisor at the time of enrollment) and/or the brokerage account's settlement fund. Eligible plan participants should consult their plan fee disclosure notices for the applicable annual gross advisory fees that apply to their plan assets and eligibility.
**Vanguard Digital Advisor is an all-digital service. Digital Advisor's annual net advisory fee of approximately 0.15% across your enrolled accounts for a typical investment portfolio, although your actual net fee will vary depending on the specific holdings in each enrolled account. Vanguard Digital Advisor charges 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. You should also consult your brokerage account commission and fee schedule for other charges that apply to your account. Vanguard Personal Advisor Services charges a 0.30% annual advisory fee. Note that this fee doesn't include investment expense ratios, but we generally recommend using low-cost Vanguard funds to build your portfolio. For more information on the services, see the Vanguard Personal Advisor Services Brochure (PDF document that opens a new tab) and Vanguard Digital Advisor Brochure (PDF document that opens a new tab).
†Vanguard-administered 401(k) retirement accounts are only eligible for management by Digital Advisor if the plan sponsor has elected to offer Digital Advisor to the plan's participants and the participants meet the eligibility criteria.
You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free) in order to enroll in Digital Advisor. If you decide to manage your investments on your own you can buy and sell Vanguard ETF Shares through Vanguard Brokerage Services or another broker (which may charge commissions).
We'll invest your assets in a portfolio of Vanguard ETFs®, all of which are commission-free through a Vanguard Brokerage Account. Vanguard Brokerage Accounts are offered through and maintained by Vanguard Marketing Corporation ("VMC"), a registered broker-dealer and member FINRA and SIPC. If you decide to manage your investments on your own, you can buy and sell Vanguard ETF Shares through Vanguard Brokerage Services or another broker (which may charge commissions).
You could lose money by investing in the Vanguard Federal Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Visit vanguard.com to obtain a Vanguard fund or ETF prospectus, or, if available, a summary prospectus, which contains investment objectives, risks, charges, expenses, and other information; read and consider carefully before investing.