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With McKinsey helping to up its 'efficiency,' Vanguard Group does eye-opening client acquisition deal with American Express that layers a big fee onto financial planning offering that the two firms roughly split

The New York card company will charge 50 basis points for Vanguard advice then share half that revenue with Vanguard.

Author Brooke Southall April 13, 2022 at 1:50 AM
1 Comment
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Tim Buckley: As Vanguard seeks to make our advice more accessible, we are excited to team up with the distinguished brand of American Express.

McKinsey

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The Vanguard Group


George Papadopoulos

George Papadopoulos

April 13, 2022 — 11:44 AM
Can someone check on Bogle's grave? What is next? A $50 discount on the $695 annual fee on the Amex Platinum card? smh

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