Your Service Agreement for Vanguard Personal Advisor Services

When it comes to managing your finances, it`s important to have a reliable and trustworthy financial advisor you can depend on. Vanguard Personal Advisor Services is one such service that offers personalized advice and management options for your investment portfolio. However, before signing up for this service, it`s essential to understand the terms and conditions outlined in the service agreement.

First and foremost, it`s important to note that Vanguard Personal Advisor Services offers a managed account where they handle the buying and selling of securities on your behalf. As a result, this service agreement permits Vanguard to make trades based on your investment goals under the guidance of their investment professionals.

In addition, the service agreement outlines the fee structure for using Vanguard Personal Advisor Services. The fee is calculated as a percentage of your account balance and is paid annually in arrears. Keep in mind that this fee is subject to change and may increase over time.

Another important aspect of the service agreement is the responsibility and liability section. Vanguard Personal Advisor Services will act in good faith when managing your account, but they cannot guarantee that your investment goals will be met. As a result, they are not responsible for any damages or losses that may occur from utilizing their services.

It`s also essential to note that the service agreement clarifies the termination process for this service. If you wish to discontinue using Vanguard Personal Advisor Services, you must notify them in writing. However, keep in mind that any fees paid before termination will not be refunded.

Lastly, it`s important to review the service agreement`s security measures to ensure that your personal and financial information is protected. Vanguard Personal Advisor Services takes multiple measures to safeguard your data and is committed to maintaining privacy standards.

In conclusion, understanding the service agreement for Vanguard Personal Advisor Services is critical before choosing to utilize their services. Make sure to review the document thoroughly and ask any questions you may have before signing up for their managed account service.