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Articles tagged "The Vanguard Group"


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Jonathan Holtaway: This one has some legs.

FDIC bid to strip BlackRock and Vanguard of superpower 'has legs' and reckoning may start with curbs on self-certification of passive index funds

The bank deposit insurer could make the $17-trillion ETF power bloc lose the ability to self-certify as 'passive' funds because their sheer scale could make them an active menace to the banking regulator, at least in this political climate.

April 25, 2024 at 1:29 AM

Scott Smith: “The opportunity to engage your current provider in an advisory capacity is the path of least resistance to financial planning.”

The RIA services of Vanguard, Schwab and Fidelity -- for two big reasons -- are cutting into RIA (and wirehouse) market share, Cerulli says

The Big Three, with $30 trillion of AUA, are cross-selling like crazy and have figured out a call center business model that the mass affluent finds appealing.

April 23, 2024 at 2:29 AM

Tim Buckley: It’s time for others now.

Tim Buckley sends shockwaves by retiring as Vanguard CEO after adding $750 billion per year during his stay in the executive suite

The 54 year-old lasted just over six years in the job, delivered on targets, but he also made head-scratching decisions and never solved its technology woes

March 1, 2024 at 3:35 AM

Walt Bettinger never mentioned Bitcoin at Schwab's annual update, but may just be keeping his powder dry, analysts say.

Schwab only platforms third-party spot Bitcoin ETFs, mostly Fidelity and BlackRock, but don't be surprised if it 'shocks the world' with deep-cheap ETF, analyst says

The Westlake, Texas $8.5 trillion giant avoids conflicts and marketing costs, but could it go 'big and disruptive' at any time in a fee-sensitive market

January 27, 2024 at 2:59 AM

Marc Cordover: Not-for-profit organizations, specifically, continue to face a range of challenges.

Vanguard's rampant re-engineering binge now includes handing off $60-billion AUA TAMP-like unit to Mercer

The $7.6-trillion, Malvern, Pa., asset manager did not explain the sale's purpose but alluded to challenges keeping pace with 'increasingly complex rules.

December 6, 2023 at 2:21 AM

Jeff DeMaso: I see it as another sign of the "MBA-ization" of Vanguard.

Vanguard sets an April 1 sell-by-date for some RIA clients to downgrade service or pay $300 upcharge, part of a concerning 'MBA-ization,' analyst says

The $7.2 trillion Malvern, Pa, money manager grew its RIA to a staggering $300 billion in eight years, but it's ready to crack down on investors who get premium service with pedestrian investment balances.

November 22, 2023 at 1:14 AM

Jeff DeMaso: I wouldn't say that Vanguard cocked the gun.

SEC forces Vanguard -- and host of other fund firms -- to impose hefty back-end fees on muni money market fund investors who sell into financial panics, in an effort to bullet-proof 'critical investment'

Vanguard's threatened penalty fee is 200 basis points, an anomaly and symptom of previous failed efforts by the SEC to stem MMF runs after the 2008 financial meldown and 2020 COVID lockdown; will the third time be the charm if Middle East war goes regional?

October 25, 2023 at 2:47 AM

Jean Hynes: We want to make investments [in people].

Vanguard raises fees on two funds after full-fee, third-party humans replace ineffective, indentured, in-house Vanguard robot

The Malvern, Pa. manager of $7.2 trillion gave 'careful consideration' before humble act of self-demotion and adding to fees.

June 3, 2023 at 2:32 AM

Andrew Besheer: "...the majority of Vanguard’s indices would no longer be purely passive."

How fooling around with ESG put Vanguard and BlackRock on countdown for still selling many ETFs as 'passive' indexing portfolios

The duopoly has near $10 trillion of passive indexes but not for long if red state AGs have their way

June 1, 2023 at 2:39 AM

Ken Fisher's firm is Texas-bound from Camas, Wash., where it already lives.

With 15,000 Fidelity, Schwab and Vanguard staffers there, Dallas metroplex notches Fisher Investments headquarters almost as a formality; Ken Fisher and 1,200 staff are already Lone Star denizens

The $189-billion national RIA of Camas, Wash. evinced being incensed over a Washington state court ruling upholding a state capital gains tax--the final straw behind the move.

April 1, 2023 at 3:42 AM

Larry Fink didn't not get Credit Suisse added to BlackRock's trophy case because, maybe, it didn't try.

Biz Briefs: Vanguard's tax-loss harvest yields a caveat• Vermont green with envy ... of red states? • CFP Board spends $12 million on bungee metaphor • BlackRock isn't neutral on Credit Suisse • Women are the Goliath of 'David' in UK finance

Tax-loss harvest gains may have some home assembly required, says Jeff DeMaso • Adrian Johnstone is now in the driving seat at Practifi • CFP Board spending just topped $150 million • and Vermont shares some Texas thinking on ESG investing.

March 25, 2023 at 1:32 AM

Joe Lonsdale: Opto's marketplace helps RIAs 'preserve and grow client capital.'

Biz Briefs: Fidelity says humans beat robots, even for Gen Z • Joe Lonsdale's Opto starts signing RIA test-drivers • Vanguard launches oddly delayed fund • Wealthbox hires, and Dynasty buys

Fidelity wins Delta Airlines business with sweetener • Opto pairs-up with Riskalyze and Merchant • Moonfare raises $15 million • CAIS bucks real estate trend • Vanguard launches "curious[ly]" delayed fund • WealthBox, Dynasty, and others buy and hire.

March 8, 2023 at 3:28 AM

Fidelity's Kevin Barry: Acquiring Shoobx was a natural next step.

Biz Briefs: Schwab puts checks for $52 million in mail to robo-RIA customers allegedly misled about cash allocations • BlackRock blacklisted (again) • iShares beats NZAM-exiter Vanguard • Fidelity makes first acquisition in eight years • CFP board realizes Moms don't like CFPs

BlackRock gets Kentucky coal in stocking, and Vanguard keeps skating; iShares inches above -- by 2.8% -- Vanguard's annual net new ETF asset haul; Fidelity takes "natural next step" for stock plan business; new CFP chair outlines plans and the DOJ is set to become a major Robinhood shareholder..

January 13, 2023 at 3:01 AM

Scott Fitzpatrick: It’s certainly possible that their decision to leave NZAM contributed to … Vanguard being excused from the Texas ESG meeting.

Vanguard cites shunned founder Jack Bogle to deflect criticism after epic ESG flip-flop, extoling the founder's 'whole haystack' investing strategy versus finding the 'needle'

The Malvern, Pa. firm played the Bogle card amid an about-face on NZAM, which it joined 21 months ago with heavy hitters like BlackRock, to 'steward' client assets, but external GOP political pressures may have forced it to cave.

January 4, 2023 at 2:02 AM

Jeffrey DeMaso: Expense ratios, even at Vanguard, are not a one-way street lower.

Vanguard Group steps up share-the-misery pricing to reduce revenue crunch, the first time since 2008-2009 that it jacked up more fund fees than it cut

The $6.7 trillion Malvern, Pa., giant was already edging away from share-the-love pricing before market-downturn, AUM jolts exacerbated the trend.

November 29, 2022 at 9:57 PM


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