Vanguard Managed Account Program

[retired_gw]

I am considering to enroll in Vangued Managed Account Program for my 401k. Instead of 0.3% management fee in Vanguard Personal Advisor Services, Managed Account Program charges less less than 0.3%. Has anyone had any experience with the program (pros and cons)? Thanks.

 

[braumeister]

Depends on how much you're going to give them

Q. How much does the Vanguard Managed Account Program cost?

A. Vanguard has arranged a program fee of 0.40% for the first $100,000, 0.30% for the next $150,000, 0.20% for the next $250,000 and the annual program fee for any additional assets is 0.10%.

 

[bloom2708]

Pick the Target Date fund that matches your mix of stocks and bonds. Not the one based on when you might retire.

Done. Saved you .4 or .3 or .1%

 

[pb4uski]

Interesting idea... I just realized that once my PenFed CDs mature if I move that money back to my tIRA that the target AA in my tIRA will ~40/60 so perhaps I'll go all in on Wellesley in that account and just ride it.

 

[bloom2708]

Wellesley has ~99 stocks and ~300 bonds.

A Target Date fund (2015) or LifeStrategy Conservative Growth (40/60) with Total US, Total Int, Total US Bond and Total Int Bond has 10,000 stocks and >10,000 bonds.

Buy the whole haystack.