INVEST For Amex By Vanguard (Annual Membership Rewards Bonus)

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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



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