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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.

 WealthSimple
 Learn MoreLearn More
 

WealthSimple

Vanguard Personal Advisor

 

Benefits and Features

Annual Fee0.5% for accounts up to $100k; 0.4% for accounts over $100k
0.3%
Minimum Deposit
$0
$50,000
Phone SupportYes - M-Th 9a-8p ET; Fri 9a-5:30p ET
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
Yes
Robo Advisor
Check
Check
Assets Under Management
$2 Billion
$100+ Billion
Tax Loss HarvestingAvailable for accounts over $100,000
client-by-client basis
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Single Stock Diversification 
No
Fractional Shares
Yes
No
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
Yes
529 Plans
No
Yes
 

CreditDonkey® Reviews

 WealthSimple
Annual FeeStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStarStarEmpty StarEmpty StarEmpty StarEmpty Star
Human AdvisorsStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Social ResponsibilityStarStarStarStarStar
Pros & ConsPros:
  • Human advisors
  • No minimum investment
  • Socially responsible and Halal investment options
Cons:
  • Higher fees than competitors
  • No personal finance tools
  • Tax loss harvesting only to high balance accounts
Pros:
  • Professionally managed by human advisors
  • Low annual fee
  • Backed by prestigious brand
Cons:
  • High minimum investment
  • Extra transaction fees
  • No continuous tax loss harvesting
Bottom LineGood robo-advisor with socially responsible and Halal investment options, though fees are high... Read full reviewHybrid robo and human advisor providing personalized advice for low fees, for investors with $50k to start... Read full review

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 eToro.

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.


Articles on WealthSimple

Wealthsimple

Wealthsimple is a robo advisor with features you should not ignore. But are the higher fees worth it? Read this review to find out what this automatic investing service can do and the pros and cons.

Articles on Vanguard Personal Advisor

Vanguard Personal Advisor

Typically, robo-advisors mean strictly online portfolio management with no human interaction. Vanguard Personal Advisor Services set out to be the face of change by combining the two services. Is it all it's cracked up to be?

Which Do You Think is Best?





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