Articles tagged "The Vanguard Group"
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
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
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
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
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
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
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
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
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
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
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
RIA recap: Bernie Clark promises to 'be there' for coming TDA-Schwab system snafus; Fidelity gets custody win; Vanguard dishes out big tax bill to investors
Schwab RIA chief petitions for 'patience' for coming merger inconveniences but 'repapering' is no culprit; Carrie Pomerantz gets Schwab board seat; Addepar wins $65 billion AUM contract.
November 3, 2022 at 1:59 AM
Vanguard is now several months into beta plan to offer head-turning, high FDIC-insured yields and capacity after 2019 scrapping left it flat-footed against Schwab and Fidelity
The Malvern, Pa., giant copied a new business model -- and co-opted many regional partner banks -- to go 2%-plus as part of a rethink of its 2019 decision to forsake bank cash accounts for money market funds.
October 6, 2022 at 3:53 AM
There were so many good reasons for Vanguard to fold its first ETF but radical underperformance may stand out for the 'illiquidity' fund
The Malvern, Pa., manager blamed $44-million fund's scale, but marked underperformance and a manager departure as likely doomed it, one Vanguard watcher says
September 27, 2022 at 1:51 AM
Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs
Vanguard, BlackRock and Avantis rattle a complacent Dimensional Fund Advisors with fee cuts and ETF roll outs based on 'smart beta.'