The investment bank has been quietly building out a retail wealth management strategy. The acquisition of United Capital, for $750 million in cash, turns up the volume and announces its position as a major player in the retail space.
Customized advice is crucial to better investor outcomes, the CEO told our retirement columnist Mark Miller. And as it has with investment management, Vanguard is looking to lower the cost of that advice, either through PAS or, possibly, letting outside advisors use the platform.
The brokerage, whose legacy goes back to the 1800s, is looking to attract fee-only independent advisors with at least $1 million in revenue to the new firm.
Successful financial advisors know what their clients really think about them. Period. With that in mind, we talked to Blaine Millet, who runs WOM10, a Seattle-based marketing firm, about his experiences as a client.
The State Treasurer from Oregon, the first state to roll out a mandatory retirement plan, says individuals should be able to save for retirement as early as 16 years of age.
Finally, there's evolution in ETFs that allows active managers with tried-and-true equity strategies to feel comfortable taking advantage of the ETF wrapper.