Vanguard Group Inc. has cut the expense ratios of 17 of its funds, a move that will produce an estimated $18.9 million in savings for investors, the fund giant said.
The estimates were based on year-over-year comparisons for the company's fiscal years ended Aug. 31, 2020, and Aug. 31, 2021, respectively.
Vanguard lowered expense ratios by one basis point on nine fixed-income exchange-traded funds. It also lowered expense ratios by one basis point on its International Growth Fund Admiral Shares and International Growth Fund Investor Shares.
It lowered expenses by two basis points on its Global Wellington Fund Investor Shares, and by three basis points on its ESG U.S. Stock ETF, ESG International Stock ETF and its Global Wellesley income Fund Admiral Shares. It lowered expenses by five basis points on its Global Wellington Fund Admiral Shares and by 12 basis points on its Explorer Fund Value Shares.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
