Articles tagged "Vanguard"
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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.
May 9, 2023 at 2:16 AM
RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig
Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.
December 3, 2022 at 3:16 AM
Vanguard Group launches its free-trading super desk of 1,800 ETFs; now only if clients won't abuse the privilege
The Malvern, Pa. giant risks creating a casino but its clients are expected to stay responsible and use free trades for dollar-cost averaging, rebalancing and harvesting losses for tax purposes
August 21, 2018 at 6:26 PM
How Vanguard, BlackRock and State Street -- which manage RIA trillions of AUM for a pittance -- may artfully make the bill come due by beating active managers at their own game
The ETF giants' latest mutual fund-killing trick is free management of ETF portfolios -- perhaps the seeds of a massive freemium model
June 6, 2018 at 9:42 PM
Why exactly Fidelity chose 2018 to levy visible .05% 401(k) surcharge on Vanguard funds
After an abrupt business model shift from recordkeeper to advisor, the Boston-based 401(k) king may be a leader in fee 'levelization' that encourages other fund firms to act
February 9, 2018 at 6:10 PM
Vanguard's new CEO Tim Buckley hints the next move for his firm's RIA's 30-basis-point fee may be down, down, down
As the Malvern, Pa. fund giant's VPAS passes the $100-billion mark it doesn't rule out automated advice or greater robo-ization to follow asset management fee play where cost savings get passed along
January 8, 2018 at 10:22 PM
The top 10 most-read RIABiz articles of 2017 told stories about what RIAs, brokers, vendors can get away with post-DOL rule
Change is abrupt, pain is severe but most of it can be traced to custodians and advisors taking their medicine preemptively
