Vanguard Australia recently launched its Vanguard Personal Investor offering in Australia. Find out whether it’s worth using vs Vanguard ETFs in Australia on the ASX or Vanguard Retail or Vanguard Wholesale Managed Funds through Vanguard Australia directly.

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So in the video I’m going to share with you guys a detailed review of the Vanguard Personal Investor offering in Australia, and how it stacks up compared to purchasing Vanguard ETFs through another stock broker, and also how it compares to buying directly through Vanguard Retail or Wholesale Funds. This way you will know in exactly which situations it will be optimal for you to be using the Vanguard Personal Investor in Australia, as it is not that straightforward.

For those of you who don’t know who or what Vanguard is, I’ll keep this brief but Vanguard is a fund manager and is actually the largest provider of mutual funds in the world. And in Australia, they are by far the most popular fund manager and ETF manager in the country. 2019 was a record year for Vanguard ETFs, with Vanguard ETF Assets Under Management (AUM) growing to $19.5B, making 2019 Vanguard’s strongest year since launching their first ETF on the ASX 10 years ago.

In terms of the feature set you get when signing up to the Vanguard Personal Investor. There are 4 main elements of the product which I’ll break down. They have the Vanguard Cash Account, Vanguard ETFs, Vanguard Managed Funds, and the rest of the ASX.

You get a Vanguard Cash Account which is essentially like a regular cash account that you have with any stock broker, except unlike a lot of the other competitors in Australia, the vanguard cash account actually receives an interest return, which is currently 0.50% p.a

With their headline feature being $0 brokerage fees on purchasing any Vanguard ETF listed on the ASX, which is honestly a pretty amazing feature with nothing close being offered by any other ASX broker in Australia. And there aren’t really any catches with this, you just need a minimum transaction size of $500 and you can purchase any Vanguard ETF investment for free.

Vanguard Managed Funds. One big bonus of using the Vanguard Personal Investor is that you get access to the wholesale managed funds which normally have a $500,000 minimum balance requirement, these have much lower fees than their retail managed funds.

The last investment option using the Vanguard Personal Investor is buying nonVanguard shares or ETFs on the ASX. I’ll keep this one really brief, the personal investor is terrible for this. If you’re going to be investing in shares or ETFs on the ASX other than Vanguard ETFs do not use the Vanguard Personal Investor.