I think it can be worth it if you can make regular and significant contributions in taxable accounts.
I tried it briefly with Fidelity with the minimum deposit, but I wasn't thrilled with the 0.40% fee, but the account seemed to do what they advertised it as doing. I probably would have wanted to switch to a lower cost direct indexing provider eventually, but it would have been annoying to dispose of fractional shares.
I think I'll be able to make large, long term, taxable investments in 2026, so I'll keep an eye on the available options. Switching costs are high, so I'd want to find a lower cost option and hopefully stick with it for a couple decades.
I'm wondering if Vanguard Personalized Indexing will lower their minimum from $250,000 or their 0.20% AUM fee, and if they will start to market their product to individual investors.
I'm hoping competition will result in one of the large players lowering their fees even further.
I tried it briefly with Fidelity with the minimum deposit, but I wasn't thrilled with the 0.40% fee, but the account seemed to do what they advertised it as doing. I probably would have wanted to switch to a lower cost direct indexing provider eventually, but it would have been annoying to dispose of fractional shares.
I think I'll be able to make large, long term, taxable investments in 2026, so I'll keep an eye on the available options. Switching costs are high, so I'd want to find a lower cost option and hopefully stick with it for a couple decades.
I'm wondering if Vanguard Personalized Indexing will lower their minimum from $250,000 or their 0.20% AUM fee, and if they will start to market their product to individual investors.
I'm hoping competition will result in one of the large players lowering their fees even further.
Statistics: Posted by Lyrrad — Mon Feb 19, 2024 12:25 pm — Replies 18 — Views 1578