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Articles tagged "Vanguard Group"


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Marty Bicknell: There is not a plan for any interaction with Mariner's own acquisitions.

Marty Bicknell buys a second M&A shop 10 years after the first • Advisor360 repeopling includes new people officer, and seven other major hires • By women, for women corporate RIA nets 10th partner

Mariner CEO is again reversing the predatory script • Some 53% of Advisor360's 15-strong senior management joined the firm in the last 12 months • LGBTQIA+-friendly corporate RIA grows AUM to $283 million, after three new partners join.

September 5, 2024 at 3:31 AM

Vanguard's Buckley is exiting as CEO right as draconian new anti-phone policies take effect.

Vanguard warns its phone-reliant investors of 'termination' -- without warning or explanation -- under new contract, effective July 1

Investors who 'excessively rely' on telephone calls may first face longer hold times and pay fees for overburdening call centers after the $9-trillion manager amended its brokerage compact with new terms

June 19, 2024 at 1:53 PM

Salim Ramji left BlackRock in January, the moment his shot at Larry Fink's job faded.

Salim Ramji, who BlackRock may have shunned for Larry Fink's job in January, is named Vanguard CEO -- now he has to reassure investors he believes in the Vanguard way, even as an ex-Wall Street wolf

The Malvern, Pa., firm is hiring an executive with impeccable credentials and proven ambition as lawyer, McKinsey partner and power executive on Wall Street

May 15, 2024 at 12:48 AM

Tim Buckley: We were founded on the idea of giving clients a fair shake.

During CEO Tim Buckley's waning months, Vanguard is imposing fees that may affect its older investors, while hand-off to Ascensus of certain IRA and 401(k) products also comes with some sticker shock

The Malvern, Pa., giant transferred SEP IRA and 401(k) assets to its recordkeeper, which immediately imposed new fees, while Vanguard's new pricing schedule includes a commission to phone in Vanguard fund sales or purchases

May 2, 2024 at 1:27 AM

Alyssa Thornton: [There's] room to grow if needed.

With technology still its Achilles heel, Vanguard makes Charlotte, N.C., a 'hub' for software engineers, purchasing 700,000-square-foot campus to house 2,400 with 'room to grow'

The $117 million purchase in exurbia may finally resolve one of Vanguard's biggest shortfalls -- lagging tech from the boombox and cassette tape era.

April 19, 2024 at 2:01 AM

Roberta Giordano: We’ve tried many times to engage Vanguard directly ... to no avail.

Vanguard Group faces backlash for 'taking orders' from climate skeptics and spurning ESG activists, who are calling firm to account with PR campaign

Sunrise Project is targeting Vanguard, its staff and investors with a localized advertising blitz over NZAM withdrawal last year.

February 2, 2024 at 3:27 AM

Tim Buckley: We just look at asset classes... and those are the asset classes we steer people towards.'

Tim Buckley hazards Gen X, Y, Z blowback and catches Vanguard investors off-guard with last-second, anti-Fidelity policy to actively 'steer assets' away from Bitcoin

The Vanguard CEO stripped all third-party Bitcoin funds from its market, even though many young investors see them as table stakes portfolio spice.

January 17, 2024 at 4:56 AM

Jeff DeMaso: You know the story. No resolution; no phone call; no nothing. These shareholders are now considering Fidelity.

Vanguard Group kills it (again) in 2022 with winning formula -- low fees and low service -- yet analysts wonder how long customers will tolerate chronic service glitches

The Malvern, Pa. firm mostly blew away the index-investing field in a tumultuous year as its size strained its service; analysts sense a breaking point could come as service aces Schwab and Fidelity shrink its price advantage.

January 25, 2023 at 2:53 AM

William Galvin: Vanguard’s deliberate decision [benefited] ultra-wealthy shareholders over main street investors.

Massachusetts and Vanguard Group reach interesting settlement that gives the $8-trillion manager a shot at avoiding 49 copycat suits , quick cash for the state and 65% of a loaf for hapless investors

The William Galvin-driven settlement covers the state's legal fees and sets up restitution fund and a state pay-out, but a pending Pennsylvania lawsuit is likely the first of many to follow.

July 8, 2022 at 2:22 AM

David Booth continues to follow the Vanguard lead with price cuts and ETF conversions at DFA.

Vanguard and DFA turn Dec. 17 into Black Friday sale by slashing fees on combined 67 funds -- including notable cut in ESG ETF to nine basis points

Two of the favorite RIA index fund suppliers put more coal in the stockings of competitors and showed the era of fee compression hasn't found bed rock, yet.

December 18, 2021 at 1:46 AM

Jon Cleborne: Vanguard has thoughtfully crafted this new active equity offer.

Brandishing 'better outcomes' and 'outperformance,' Vanguard Group announced today its five new high-conviction funds are ready for the investors using its $259-billion RIA

Citing 10-year, Lipper-tracked data, the $8-trillion Malvern, Pa., mammoth is making the funds exclusively available through Personal Advisor Services

November 10, 2021 at 12:32 AM

Michael Katchen is exiting Wealthsimple from the U.S. market -- for now. ​​  ​​  ​

Oisín's Bits: Betterment now a robo roll-up with Canadian IPO as catalyst • Insurers risk regulation for COVID-19 coverage delays • Vanguard shifts Asia focus to China's vast mom-pop retail market

Betterment rolls up a robo • The CFA warns insurers over COVID-19 life polices • Vanguard names Chinese fund head to pursue $6 trillion market.

March 5, 2021 at 1:16 AM

Karin-Risi: 'I was investing in Vanguard funds in high school.'

Karin Risi, who built $170-billion Vanguard Personal Advisor Services, takes new role and Matt Benchener is taking her spot as head of US retail for the $6.3 trillion manager

Risi now heads planning and still directly reports to CEO Tim Buckley and her 34 year-old understudy, Benchener gets her job at year's end.

December 4, 2020 at 2:56 AM

Tim Hockey: It was a bit of a bolt-on.

Brooke's Bits: TD Ameritrade fake-punts 401(k) business to Broadridge • Vanguard shows it doesn't need lowest fees to dominate • Despite USAA investor grumbling, Victory Capital publishes a closing date for the fund franchise purchase and its shares keep soaring

The Omaha, Neb.-based custodian swears it still has RIA backs on 401(k)s; Vanguard takes half of inflows Q1; USAA's orphaning of its investors is still on track to giant shareholder returns for the buyers

May 2, 2019 at 4:36 PM

The churn of talent in the RIA business no longer happens the old-fashioned way.

RIAs and RIA vendors churn talent madly in March and April '18 as 'New Moves in the Biz' captures 35 of them

Serial HR moves by Raymond James, FinMason, American Century and Vestwell helped them expand into new territories, add job descriptions and more varied product lines

May 18, 2018 at 9:23 PM

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