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June 25, 2024 at 10:53 AM
Investors using Vanguard’s hybrid and robo-advisor services soon will be able to add short-term goals to their financial plans.
A new brochure for Vanguard Personal Advisor, the asset manager’s hybrid service combining automated planning and access to advisors, and the all-digital Vanguard Digital Advisor noted the upcoming change.
Starting around July 9, customers will be able to include in their plan goals less than 18 months away, subject to certain limitations, according to the brochure, filed last week with the U.S. Securities and Exchange Commission.
Until this change, customers could plan and use enrolled account assets to invest toward a financial goal with a single target date or certain multi‐year target date goals at least 18 months in the future, the brochure notes.
Also, since the last brochure update for the services in March, Vanguard made enhancements to allow clients to include a partner in their plan and investment strategy.
“Starting on or about the date of this brochure, the services will further personalize your investment strategy if you included a partner in your plan. As a result, clients could experience rebalancing or a change in target asset allocation,” Vanguard said.
