In a world with too many to-do lists and not enough time, automated advice can take one extra task off your plate.
How to invest
Get smart on automated advice
In a world with too many to-do lists and not enough time, automated advice can take one extra task off your plate.
5 minute read
•
February 11, 2023
How to invest
Financial terms
Article
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Robo-advisors
Prioritizing goals
Taxes
Also known as a robo-advisor, automated advice is an online platform that manages your investments automatically with an algorithm that takes into account your goals, risk tolerance, and time horizon.
The value of automated advice
A robo-advisor invests your money, rebalances your investments, and helps enhance your chance for investment success. But the benefits go far beyond portfolio management:
Who is automated advice right for?
If you're just starting out in your investing journey and don't know where to begin, automated advice can help you formulate your goals and build a portfolio that keeps you on track. If you already started investing but are looking to be less involved in managing your assets, you can enroll and let the robo-advisor do the work for you.
Maybe you're looking to ease the burden of financial management without spending a pretty penny—automated advice is usually less costly than traditional financial advice and can be especially helpful if you're looking to maximize every dollar of your investments with less costly fees.
The benefit of automated advice during tax season
Consider these ways in which automated advice can make tax season a little less stressful:
- With a robo-advisor managing your investments, you'll gain more time to file your taxes and get things done.
- If you get a tax refund, why not deposit it in your managed account and let your robo-advisor decide how to best invest that cash?
Want to learn more about automated advice?
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All investing is subject to risk, including the possible loss of the money you invest.
We recommend that you consult a tax or financial advisor about your individual situation.
Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. Find VAI's Form CRS and each program's advisory brochure here for an overview.
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses.