Articles tagged "Vanguard"
Headline
Publish date
Vanguard scores 'own goal' for getting snared in a regulatory snafu and fined $19.5 million for failing to adequately disclose a conflict of interest over advisor incentives to funnel clients into its in-house RIA
Known for its 'Bogle' scruples, the Malvern giant zigged to marketing one thing and doing another as the SEC zagged toward heightened 'activity' in curbing that behavior, says Michael Kitces
August 30, 2025 at 3:07 AM
Bain Capital plays talent card to replace Envestnet's take-private CFO Josh Warren • Vanguard nabs new exec to figure out alts, it seems • Robinhood opens football bets, then sues • Advisor CRM's 'AI' catch-up • SEC delays Trump ETF date • ETFs explode in number
After 11 years at Nuveen, Bill Stout is Vanguard's alts man of the moment • Betting a 'no-brainer' for Robinhood exec. • Bain Capital protegé is new Envestnet CFO • CRM shop adds AI to keep up with CRM Joneses • SEC prevaricates over controversial Trump ETF • 640 ETFs launched in 2025.
August 27, 2025 at 3:56 AM
Fidelity soars to $16.4 trillion of assets, a 16% jump of $2.3 trillion for 12 months, and widens gap on BlackRock and Schwab
The Boston giant was boosted by markets and an especially big, 17% gain in 'discretionary' accounts, but benefited from a large, $14.1 trillion starting position in administered assets.
August 15, 2025 at 2:13 AM
ETF.com comes under Future Proof ownership, with vast staff reductions; CEO Salim Ramji says Vanguard 'turned the corner' on tech woes, but slams door on crypto
The 24 year-old publication about exchange traded funds may need more event revenue to thrive; Vanguard's new CEO brings the authority of having been on Wall Street but has grooved to the Vanguard way
August 12, 2025 at 3:41 AM
Vanguard and Blackstone disclose joint 'initiative' to bring alts to mass investors after private 'talks' leak months ahead of planned news release
The 'culture clash' collaboration of the kings of two different markets could be a good high-net-worth retail strategy for each -- but they have serious stuff to work out.
April 16, 2025 at 2:02 AM
In game of chicken with the FDIC, feisty BlackRock refuses to join Vanguard's cave to passivity surrounding banks and forfeit Federal Reserve right to serve on bank boards
FDIC board member Rohit Chopra says existing Fed passivity compact with banks allows BlackRock et al to be 'anything but “passive”'
December 31, 2024 at 10:32 PM
Vanguard completes shakeup with outsiders Salim Ramji, Joanna Rotenberg supplanting firm lifers Tim Buckley, Karin Risi as RIA takes center stage
The $9-trillion Malvern, Pa., firm is bringing on potential Abby Johnson heir apparent to head 'wealth' six months after Larry Fink heir apparent Salim Ramji got the top spot
December 10, 2024 at 2:55 AM
Vanguard is finally flavoring its 'vanilla' robo-RIA with 99.7% lower minimum, a 25 basis-point 'active' version -- and 'personalized coaching,' albeit provided by a robot
The new Malvern, Pa., CEO gets a new toy -- a killer $330-billion RIA unit with a Robo arm -- that was not in his arsenal during his BlackRock days.
September 10, 2024 at 1:48 AM
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
Altruist ups its game with new 5.1%, FDIC-backed cash accounts to lure RIAs, but the digital custodian is still a couple clicks shy of cash management disruption
Near to break even, the young LA custodian will sacrifice some revenue to compete and 'stand out,' but sweep accounts will remain cash cows.
March 28, 2024 at 2:00 AM
T. Rowe Price criticized in 2020 for radically hiking equities -- and risk -- in target date funds, now sees bet pay-off as S&P 500 and TDF returns soar
87 year-old Baltimore fund shop now ranks behind only Fidelity and Vanguard in TDF market with one of the most aggressive strategies in the industry.
February 13, 2024 at 4:58 AM
Fidelity hits staggering $12.6 trillion in 2023, bids adieu to headhunted retail chief, beats Schwab's performance -- not least because it doesn't own a bank -- and sees Maggie Serravalli's star shine
Retail was Fido's weakest division with 3% growth and its chief departed; it's B2B units -- 401K and custody/clearing -- jumped 6% each; Serravalli now serves as the company’s chief administrative officer.
February 9, 2024 at 5:33 AM
After many beta tests, Vanguard finally launches bank cash product for non-Vanguard investors, a U-turn but also likely thorn in the side of Schwab, Fidelity
High-yield but low frills, the Malvern, Pa., giant's long tip-toe back to cash makes it a me-too filler product but perhaps effective.
January 10, 2024 at 3:11 AM
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
Biz Briefs: SmartAsset makes deal to dumb down selling for unsalesy RIAs • Vanguard re-explains conflicting ESG signals • Alex I jabs Alex II at Citywire in bare knuckle exit [to Goldman Sachs] Q&A • BlackRock has clear path to $15 trillion by 2028 says mega-client
SmartAsset uses M&A to rewire RIAs • Vanguard has made its first statement on climate since it left a climate lobby group • BlackRock gets Morgan Stanley praise • CRM giant RedTail increases ties with a New York cash sifter, Flourish • Orion gets into online education.
