The value of managed account advice

August 21, 2015

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Managed account advice services can significantly improve projected retirement wealth outcomes for participants who use them. However, few studies have addressed the impact of managed account advice on defined contribution plan participants' saving and investment behavior. As a result, Vanguard has published a new research paper, The value of managed account advice.

In the paper, authors Cynthia Pagliaro and Steve Utkus, both of the Vanguard Center for Retirement Research, evaluate the Vanguard Managed Account Program (VMAP™). Drawing from a sample that included about 40,000 participants, they assessed the value of VMAP, based on how it affected portfolio allocations, savings levels, and participant fees.

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Notes:

  • All investing is subject to risk, including the possible loss of the money you invest.
  • Vanguard Managed Account Program is provided by Vanguard Advisers, Inc., a registered investment advisor.