Vanguard launches 30bps US 'robo' advice service

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Vanguard has unveiled its ‘robo' advice offering in the US, which provides portfolio management for investors with minimum assets of $50,000 and charges as little as 30bps per annum.

Its hybrid 'Personal Advisor Services', which combines an online offering with adviser assistance, offers investors access to Vanguard's suite of funds only. The provider has lowered the minimum investment...

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