WealthSimple vs Vanguard Personal Advisor
WealthSimple is a good robo-advisor with socially responsible and Halal investment options, though fees are high. How does it compare to Vanguard Personal Advisor? Read our comparison chart below.
WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.
While Vanguard Personal Advisor offers automatic investing with personalized service for a low fee of 0.30%. An advisor will build a portfolio for you based on your goals and financial situation. The advisor will also regularly rebalance your portfolio to keep it on track. The minimum to open an account is $50,000.
Compare WealthSimple with Vanguard Personal Advisor, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Learn More | Learn More | |
WealthSimple | Vanguard Personal Advisor | |
---|---|---|
Wealthsimple Cash Account - | ||
Benefits and Features | ||
Annual Fee | 0.5% for accounts up to $100k; 0.4% for accounts over $100k | |
Minimum Deposit | ||
Phone Support | Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET | |
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Tax Loss Harvesting | Available for accounts over $100,000 | |
Goal Tracker | ||
Automatic Deposits | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Annual Fee | ||
Minimum Deposit | ||
Human Advisors | ||
Customer Service | ||
Social Responsibility | ||
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Good robo-advisor with socially responsible and Halal investment options, though fees are high... | Hybrid robo and human advisor providing personalized advice for low fees, for investors with $50k to start... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Vanguard Personal Advisor: Pricing information from published website as of 04/04/2018 |
Which is Better: WealthSimple or Vanguard Personal Advisor?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing WealthSimple or Robinhood.
In short: WealthSimple's minimum deposit is impressive. Vanguard Personal Advisor's annual fee and human advisors are noteworthy. In particular, the human advisors is excellent.