The Vanguard Group of Malvern, Pa. has begun offering investors the ability to open new accounts online in a paperless transaction that collects investors' consent through electronic signatures, the company has announced.

The new service will allow investors to transfer money electronically from their bank accounts to a Vanguard account as well as roll over funds from an employee-sponsored retirement plan into a Vanguard direct rollover IRA or Roth IRA account, the company said.

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