Vanguard Digital Advisor offers automated retirement planning tools with new review for 2024

Vanguard Digital Advisor offers automated portfolio management focused on retirement planning. It provides a range of tools, including ongoing account maintenance and tax-loss harvesting, but requires a minimum balance of $3,000 and charges advisory fees between 0.20% and 0.25%. The platform allows users to invest in low-cost Vanguard ETFs and mutual funds, with options for different risk profiles. However, it does not support individual stock selection or education savings accounts. Vanguard has faced legal challenges and holds a low rating from the Better Business Bureau. Compared to competitors like Fidelity Go and Wealthfront, Vanguard Digital Advisor is better suited for retirement-focused investors. It has higher minimum requirements and fees but offers a comprehensive suite of retirement planning resources.