Vanguard Personalized Indexing Management (VPIM) offers portfolio management services tailored to individual needs, goals, and risk tolerance. VPIM works with Registered Investment Advisor (RIA) firms, wealth managers, and a limited number of direct clients. VPIM specializes in custom portfolios delivered as Separately Managed Accounts (SMAs) or Unified Managed Accounts (UMAs), primarily as a sub-advisor to a primary RIA. VPIM also offers Socially Responsible Investing (SRI) and Environmental, Social and Governance (ESG) options.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50.0M | 0.20% |
| $50.0M - $100.0M | 0.18% |
| $100.0M - $500.0M | 0.15% |
| $500M+ | Included |
For accounts that select a benchmark other than CRSP or Solactive, additional fees ranging from .010% to .0275% will be charged. VPIM may negotiate lower fees depending on the nature of the strategy, account size, and overall relationship. For individual accounts, the annual fee rates are: $10,000,000 to $50,000,000: 0.15%; $50,000,001 to $100,000,000: 0.13%; $100,000,001 and over: Custom.