American Express & Vanguard have announced a new product offering called ‘INVEST For Amex By Vanguard‘.
- Management fee of 0.5% (no fee for first 90 days)
- American Express Membership Rewards bonus based on the average annual taxable assets in your account(s) managed by INVEST:
- Earn 5,000 points if you have taxable assets of at least $50,000 and up to $100,000
- Earn 25,000 points if you have taxable assets greater than $100,000 and up to $500,000
- Earn 50,000 points if you have taxable assets greater than $500,000
- Complimentary 30-minute consultation where you can talk with a Vanguard advisor. Ongoing consultations when you have $100,000 or more in your account(s) managed by INVEST
Can’t really see this being worth doing with the advisory fee of 0.5%.
Hat tip to reader D G Liu
