Vanguard launches 30bps 'robo' advice service for £33k clients

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US investment management giant Vanguard Group has officially unveiled its ‘robo' advice offering in the US, offering investors with minimum assets of $50,000 portfolio management for as little as 30bps annually.

The hybrid 'Personal Advisor Services' offering, which combines an online service with adviser assistance, offers investors access to Vanguard's suite of funds only. The group lowered the platform's...

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