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What is a robo-advisor?
An intelligent investment firm, or robo-advisor , manages your portfolio with as little human intervention as possible, protecting your money from your own self-sabotaging instincts, along with those of your money manager. The company puts decisions into the hands of computer algorithms, which are much more resilient in the face of volatility and uncertainty than we short-sighted humans.
The way I think of it, it s a bit like sending a robot grocery shopping. While
you might get into the aisles and abandon your carefully-tailored meal plan at the first sign of a stomach rumble, your robot companion will never reach for junk food or tabloids at the register. It knows what s good for you, and will stick to the plan you agreed upon together, in your stronger moments dutifully returning home with spinach and quinoa no matter
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VALLEY FORGE, Pa., Dec. 11, 2020 /PRNewswire/ Vanguard is continuing to lower the cost of investing by broadening access to Vanguard Institutional Target Retirement Funds (TRFs). Effective immediately, the plan-level minimum investment requirement has been reduced to $5 million from $100 million, enabling more 401(k) and 403(b) plan sponsors to offer these low-cost, broadly diversified options to their retirement plan participants. The average expense ratio of Vanguard s index-based Institutional TRFs which mirror the glide path and asset allocation of Vanguard Target Retirement Funds is 0.09%, 85% lower than the industry average
1. Whether it be through technology-driven innovations, leading advice solutions, or world-class fund offerings, Vanguard works tirelessly to improve outcomes for plans sponsors and their participants, said John James, managing director and head of Vanguard Institutional Investor Group. When it comes to peopl