Vanguard Personalized Indexing Management, LLC offers personalized portfolio management services, specializing in direct indexing where portfolios are built using individual stocks to track common market indexes. Vanguard Personalized Indexing Management, LLC primarily operates as a sub-advisor to other registered investment advisors, wealth managers, and institutional platforms, while also working with a limited number of direct individual clients. The firm uses automated computer programs for rebalancing portfolios and tax-loss harvesting, which involves selling securities at a loss to offset capital gains. Clients can incorporate socially responsible investing and environmental, social, and governance preferences into their custom portfolios. The firm's services are delivered through separately managed accounts or unified managed accounts.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $15.0M | 0.27% |
| $15.0M - $25.0M | 0.22% |
| $25.0M - $50.0M | 0.17% |
| $50.0M - $100.0M | 0.12% |
| $100M+ | 0.12% |
Direct client fee schedule shown. Sub-advisory rates range from 0.13% to 0.20%. Additional index licensing fees of 0.010% to 0.0275% may apply.