Schwab Intelligent Portfolios Review: Asset Allocation with a Modern Twist

For many years, Schwab has offered wealth management services, including managed portfolios and custom advice. However, the more traditional model of delivering these services at the entry level has involved packaging a diversified portfolio of mutual funds and ETFs with a minimum investment of $25,000 and asset management fee of .90%.

The automated “intelligent portfolios” allow smaller investors to gain access to advisory services with no direct charges to their accounts. Learn more about these portfolios.

FutureAdvisor Review

FutureAdvisor is a registered investment advisory firm, which offers portfolio management services.

The firm uses automated tools to analyze your portfolio compared to a model portfolio, and makes buy and sell recommendations to align your portfolio with its ideal. FutureAdvisor offers you the opportunity to connect with a real person to answer any questions.

The firm creates ETF-based portfolios and offers portfolio rebalancing and tax-loss harvesting services, like Betterment and Wealthfront. But at FutureAdvisor, you reveal your investment holdings in your IRAs, 401(k) plan, and taxable accounts, and the firm seeks to create a diversification plan across your various accounts whereas some robo advisors create a diversified portfolio only with the money you invest directly with that firm.

Vanguard Review: Low-Cost Index Investing and More

Vanguard is an investment management firm that serves personal investors with a broad range of offerings, including low-cost, market-index mutual funds and ETFs, discount brokerage services, and advisory services. The company is owned by its clients (who own Vanguard funds) so investment costs are relatively low.

The company’s founder, John (Jack) Bogle, launched market-index mutual funds for individual investors through Vanguard. The company remains a leader in index investing through its mutual funds and ETFs but also offers actively managed funds and facilitates investing in individual stocks and non-Vanguard funds through its brokerage service. Learn about the mutual fund company and brokerage firm in this review.

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