The Next Generation of Financial Advisor Service is Here - Part C

In last blog post, we introduced VPAS, now we drill down to its details.

Questionnaires
VPAS starts with an electronic questionnaire that covers your personal details, salary and tax information, financial account details (with Vanguard account information auto-populated) and a risk tolerance questionnaire, along with your current savings towards retirement, anticipated Social Security and pension benefits, and your retirement spending goals. Once data is entered, you will see a calendar to schedule a time for a 45-minute plan presentation (and receive a draft of the plan in advance to review). 


The Recommended Plan
The plan includes the following items:

1. Vanguard’s 3-step process for developing a financial plan
2. Investment recommendations in summary and details
3. Your retirement outlook
4. Information you provided
5. Recommendations broken down by account
6. Transactions to achieve the recommendations
7. Allocation for future savings
8. Legal disclosures

The Recommended Portfolios
The plan recommends two portfolios: 

1. an integrated portfolio that tries to keep most of the existing positions; and
2. a consolidated portfolio in case you are more willing to sell existing holdings and consolidate

The funds chosen for the recommended portfolios typically include broadly diversified Vanguard index funds, such as: Total Stock, Total International, Total Bond, and Total International Bond. 

---