6 Best IRA Accounts Of 2023

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Vanguard Digital Advisoroffers a simple, inexpensive platform for automated IRA management. This basic robo-advisor builds portfolios from Vanguard ETFs, which charge among the lowest expense ratios in the market. Vanguard Digital Advisor’s portfolios generally hold only four ETFs, providing users with sufficient diversification without overcomplicating things.

Unlike many competing robos, there is no access to financial advisors or many other bells and whistles, though you can upgrade to its sibling product, Vanguard Personal Advisor Services, once your account reaches $50,000 for some of these. This makes the platform (and Vanguard in general) a good choice for hands-off investors who want to keep things simple. One downside, however, is the $3,000 minimum balance requirement.

All investing is subject to risk, including the possible loss of the money you invest. For more information about Vanguard funds and ETFs, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. 

Vanguard Digital Advisor® services are provided by Vanguard Advisers, Inc. (“VAI”), a federally registered investment advisor. VAI is a subsidiary of VGI and an affiliate of VMC. Neither VAI nor its affiliates guarantee profits or protection from losses.

Vanguard Digital Advisor is an all-digital service that targets an annual net advisory fee of 0.15% across your enrolled accounts, although your actual fee will vary depending on the specific holdings in each enrolled account. To reach this target, Vanguard Digital Advisor starts with a 0.20% annual gross advisory fee to manage Vanguard Brokerage Accounts. However, we’ll credit you for the revenues that The

Vanguard Group, Inc. (“VGI”), or its affiliates receive from the securities in your managed portfolio by Digital Advisor (i.e., at least that portion of the expense ratios of the Vanguard funds held in your portfolio that VGI or its affiliates receive). Your net advisory fee can also vary by enrolled account type. The combined annual cost of Vanguard Digital Advisor’s annual net advisory fee plus the expense ratios charged by the Vanguard funds in your managed portfolio will be 0.20% for Vanguard Brokerage Accounts. For more information, please review Form CRS and the Vanguard Digital Advisor brochure.

Vanguard Marketing Corporation, Distributor of the Vanguard Funds.