I was convinced I'd live Vanguard Digital Advisor. It seems to check all the boxes. It uses low cost index ETFs. The service itself has a very reasonable cost of about 15 basis points. And it rebalances your investments for you, as you would expect from a robo-advisor.

After using the service, however, I reached a very different conclusion. There were numerous technological issues and its user interface is poorly designed. More importantly, it offers very few features and imposes limitations that make no sense.

Frankly, it's nothing more than a dressed up target date retirement fund and twice as expensive.

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Video Resources
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Vanguard Digital Advisor: https://investor.vanguard.com/advice/...
Betterment: https://robberger.com/go/betterment/y...
Vanguard Target Date Funds: https://investor.vanguard.com/investm...
Morningstar Robo-Advisor Report: https://assets.contentstack.io/v3/ass...

Disclosure: Both Vanguard Digital Advisor and Betterment are advertisers, but they had no input into this video or even knew that I made it. Vanguard Target Date Funds are not an advertiser.

RBS 031: Vanguard Digital Advisor