From the broader industry perspective, there are many significant implications to the Vanguard offering.
1. It's possible to get affordable financial advisory services
For the vast underserved middle class families, VAPS shows that it is affordable to have both asset management service and live human interaction-based financial planning services. This is very significant, as most of such services are used to be reserved for the rich families only.
2. There is real value in human financial advisors
With today's technology advancement, robo-advisor was once viewed as a way to making the high end financial advisory services affordable to ordinary families. But people still value live and real human interactions, especially as your family life encounter some significant changes.
There are already hourly based financial advisory services such as the Garrett Planning Network, but combining the advisory service with asset management is real value added for normal people.
3. You might encounter a young financial advisor at Vanguard
Vanguard has a vast mutual fund client base already, with VAPS, it will gain instant access to such huge base and create many openings and career paths for young financial advisors. Chances are you will be assigned a young financial advisor to work with, but no worries about their competency as Vanguard could offer the best training for its advisor team given its scale.