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Articles tagged "Vanguard Personal Advisor Services"


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Alex Lucas says slow 'uptake' may have taken INVEST for Amex down.

Vanguard discloses to SEC it will end grand plan to market RIA services to Amex cardholders; new ADV details what may have taken it off the rails

The Malvern, Pa. firm faced blistering pricing criticism from the start but changes disclosed to SEC suggest complexities of unruly $50,000 accounts from Amex clients undermined the effort

November 30, 2023 at 1:44 AM

Kristin Lemkau: We are still nascent in providing video and phone-based advice to clients who prefer to be served that way all the time.

JPMorgan files ADV for launch of call-center RIA led by former Vanguard Group call center head with blunt disclosures about who gets to manage the assets

The New York City white-shoe wealth manager is finally branding mass market fiduciary advice from office space in Phoenix

November 4, 2021 at 6:28 PM

Since Tim Buckley took over as CEO in 2018, he has stretched Vanguard's business model to drive growth and slow profit-margin compression.

After freemium-like beginnings, Vanguard Group is priming its $243-billion RIA as a profit engine with high-octane, higher risk, higher-margin proprietary funds, tempered by an 'opt-in' for investors

The wealth management unit of the $8-trillion, Malvern, Pa., manager will exclusively distribute three active, high-conviction mutual funds with fees starting at 40 basis points

September 7, 2021 at 7:35 PM

Tim Buckley is consistent about wanting to steer the Vanguard ship amid the shoals of financial advice  and past the company's cultural encumbrances that veer to investor self-direction.

Vanguard jilted RIAs 16 years ago. Now its CEO Tim Buckley is green-lighting RIA custody again -- with bells, whistles and added urgency

In a series of emails last week, Vanguard was coy but said its retail RIA platform for 600 staff advisors is getting retrofitted for non-Vanguard RIAs; the potential is huge and the potential pitfalls may be even greater, analysts say

May 23, 2019 at 6:16 PM

Jay Shah: One of the first things I did as CEO was introduce a tiered service model … Our average initial client investment has grown 37% since last year, and our average client has more than $400k in a personalized portfolio.

Taking the helm from famous founder, Jay Shah gets Personal Capital out of Vanguard's shadow with new shape, new deals and a 70% leap in assets

Still $93 billion-plus in arrears to Vanguard's $100 billion RIA, the new virtual-RIA CEO is making strides in the kinds of startup details that a venture capitalist can love

July 6, 2018 at 8:20 PM

Bill Harris: We are constantly showing what your cash flow is, you have to be good at saving.

Power Player: Bill Harris raises yet another $40 million on strength of winning big accounts willing to pay a grown-up price

Personal Capital has a leg-up in the mass production of classic RIA-to-high-net-worth services using technology, people and process, even if the brand elicits shrugs

July 31, 2017 at 11:46 PM

Tom O'Shea: Schwab and Vanguard came in, took their ideas and just married them with their well-known brand and they vaulted ahead of the startups.

Vanguard RIA's growth leaps to $5B of assets per month in 2017 as Schwab's RIA robo jumps to monthly $1.3B

Vanguard Personal Advisor Services now has 500 advisors and Schwab, downplaying robo success, promises more advisors are its 'robo' future

May 9, 2017 at 7:12 PM

Bill Harris: We're running hot.
September 21, 2016 at 9:12 PM

Michael Kitces: They compare to every other RIA that meets with clients using Skype -- which is all of us.

Vanguard virtual RIA's growth rate plummets from 50% to 32% with a staggering consolation -- another $10 billion in AUM since January

Now at $41 billion, up from $31 billion six months before, Vanguard gorged on easy cannibalization but classic RIAs are also losing assets to the Malvern growth engine

August 2, 2016 at 9:30 PM

Katie Henderson: We really do believe that the need for advice is growing. This is something retail clients have been asking for as they get close to the pre-retiree phase.

Vanguard's white-hot 'hybrid robo' just added $4 billion in three months -- a heat that may cast a chill on 'pure' robos

Now at $21 billion, Vanguard Personal Advisor Services is cannibalizing as a segmentation strategy and emphasizing new technology that edges it toward a more robo-centric, less call center-oriented model

July 16, 2015 at 5:02 PM

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