Important Information
All investing is subject to risk, including the possible loss of
the money you invest.
Vanguard is investor-owned. As an investor-owner, you own the
funds that own Vanguard.
Vanguard Digital Advisor is an all-digital service. Digital
Advisor's annual net advisory fee of approximately 0.15% across
your enrolled accounts for a typical investment portfolio,
although your actual net fee will vary depending on the specific
holdings in each enrolled account. Vanguard Digital Advisor
charges 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 Digital Advisor managed portfolio
(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. You should also consult your brokerage account
commission and fee schedule for other charges that apply to your
account. Vanguard Personal Advisor Services charges a 0.30%
annual advisory fee. Note that this fee doesn't include
investment expense ratios, but we generally recommend using
low-cost Vanguard funds to build your portfolio. For more
information on the services, see the
Vanguard Personal Advisor Services Brochure
and
Vanguard Digital Advisor Brochure.
Vanguard Personal Advisor Services and Vanguard Digital
Advisor's services are provided by Vanguard Advisers, Inc.
("VAI"), a federally registered investment advisor. VAI is a
subsidiary of VGI and an affiliate of Vanguard Marketing
Corporation ("VMC"). Neither VGI, VAI, nor its affiliates
guarantee profits or protection from losses.
The services provided to clients who elect to receive ongoing
advice will vary based upon the amount of assets in a portfolio.
Please review the
Form CRS and Vanguard Personal Advisor Services Brochure for important details about the service, including its
asset-based service levels and fee breakpoints.
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