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Should I dump my Vanguard Advisor?
Old 08-21-2019, 11:11 AM   #1
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Should I dump my Vanguard Advisor?

I currently have approx 600K invested in Vanguard funds through their PAS.
I have been in this relationship for approx 4 months. I transferred these assets from Ameriprise, where I was blindly getting taken to the cleaners for the previous 10 yrs.... I finally wised up.

I am considering dumping the advisor service, since I do not plan on doing anything with my investment for the next 3.5 yrs.
At that time, I am planning to retire. It is very likely that I will be looking to pick the service back up at that time, as I am guessing that I will need help setting up the best withdrawal strategies, tax implications, etc.

I could save over 6K by dumping the advisor, but I also know that the service isnt really designed to be bounced in and out of. Is this a good idea?

I am looking for input as toi the correct course of action. Thanks!
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Old 08-21-2019, 11:16 AM   #2
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If you don't need them dump them.
They'll be happy to take your $6k+ later.
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Old 08-21-2019, 11:44 AM   #3
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I am biased but I would say stop paying for things you don't need?

Once you have 1MM in Vanguard, you automatically get access to an advisor with the Flagship program TODAY...not sure if that 1MM would be raised in 3.5 years though...otherwise your assets might grow into the provided service if you hit Flagship level of assets in 3.5 years?

https://investor.vanguard.com/invest...efits/flagship
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Old 08-21-2019, 12:33 PM   #4
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Agree that there's no reason to keep them.

Also, take a look at this thread: Taxes & Withdrawal Strategy
Vanguard does not seem all that strong about withdrawal strategies, and I think they specifically say they do not address tax management. So you may not want them in 3.5 years anyway.
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Old 08-21-2019, 12:44 PM   #5
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Dump 'em. You don't need day to day advice once you have an investment strategy set up. And between here and Bogleheads you can get excellent advice on new situations.



The exception might be if you are prone to panic and sell on a downturn and need an advisor to talk you down.
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Old 08-21-2019, 01:06 PM   #6
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Dump them! Now!

From the advice gained here I dumped my Fidelity Managed BS. All they managed to do was take my money. Went with a simple 2 fund system and I am way up from where I was with them.
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Old 08-21-2019, 01:47 PM   #7
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If you add another $400K, then the advice will be free.
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Old 08-21-2019, 01:56 PM   #8
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This is a very timely question that was asked as weíve been in the Vanguard Advisor program for 2 years. I just brought this up to my husband a couple of days ago. DH & I are in agreement that we will dump this service. I do like our representative but since we can get a free review each year we will take advantage of that service. DH just started his RMD & I thought we might need some help on that. But that didnít seem to be the case. As someone mentioned, weíll be saving about $6,000 yearly in fees. Weíll throw that in grand babies college fund.
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Old 08-21-2019, 02:15 PM   #9
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$6,000 is 1%. I thought Vanguard was charging 0.3% for advice.
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Old 08-21-2019, 02:19 PM   #10
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Dump it all in VBAL and fire her!
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Old 08-21-2019, 03:05 PM   #11
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Quote:
Originally Posted by teejayevans View Post
If you add another $400K, then the advice will be free.
This is untrue. PAS is never free.

0.3% of $600,000 is $1,800 per year, so I don't see $6,000 of savings in this thread.

But if one is not getting $1,800 (and growing) of value per year, then by all means discontinue the service. I would not call it "firing" nor "dumping." One might call it "enlightenment."
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Old 08-21-2019, 03:14 PM   #12
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$6K divided by 3.5 years is $1714 per year.
$600K times .3% is $1800 per year.
Fire the PAS!
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Old 08-21-2019, 03:17 PM   #13
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Quote:
Originally Posted by target2019 View Post
$6K divided by 3.5 years is $1714 per year.
$600K times 0.3% is $1800 per year.
Fire the PAS!
Watch out for typos!
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Old 08-21-2019, 04:24 PM   #14
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I would!
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Old 08-21-2019, 04:28 PM   #15
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I would too
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Old 08-21-2019, 04:28 PM   #16
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This is a rhetorical question. Right?
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Old 08-21-2019, 05:03 PM   #17
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Quote:
Originally Posted by LOL! View Post
This is untrue. PAS is never free.

0.3% of $600,000 is $1,800 per year, so I don't see $6,000 of savings in this thread.

But if one is not getting $1,800 (and growing) of value per year, then by all means discontinue the service. I would not call it "firing" nor "dumping." One might call it "enlightenment."
From website:
“You're a Flagship client at Vanguard, which means you get personalized services reserved for our high-net-worth investors.
Helping you look at your wealth holistically is important to us. As a Flagship client, you'll have exclusive resources available to you, including Vanguard professionals who can help you meet your investment and wealth management needs.
These include specialists in areas like estate planning, trust services, financial planning and advice, and philanthropy.”
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solo?
Old 08-21-2019, 09:11 PM   #18
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solo?

I've been using Vanguard Advisory for a couple years and just now crossed the 1M mark. I'm an emotional investor and feel like it's useful to have some one rational between me & the "abort" button.

But given I've crossed the 1M mark do you all think it's still a good idea to go it solo?
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Old 08-22-2019, 04:28 AM   #19
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Dump immediately, if not sooner.
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Old 08-22-2019, 05:10 AM   #20
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I have no idea what you get from VG for .3% but I can tell you I got nothing for my $1M+ Admiral account. I asked for a "free plan" per conversations here. I didn't really need it but was curious about what they offer. I was expecting some sort of glossy three page PDF with boilerplate analysis and recommendations. Something that would dangle niceties as an advert for the paid service. But my account rep acted like he didn't know what I was talking about. He finally sent me an email with a couple of thoughts about transferring my outside assets to VG -- useless. I guess you pay the .3% to get the three page glossy.
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