Previously, the fund was structured as a fund-of-funds and invested in Vanguards European Stock Index, Pacific Stock Index and Emerging Markets Stock Index funds.
Investment a portion of the fund directly in stocks affords Vanguard greater portfolio management flexibility and brings several benefits to shareholders, including the potential for greater tracking precision and tax efficiency, Vanguard said in a statement.
The change will affect about half of the funds current holdings.
Some planners and firms are taking action to address impending retirements. Here's why opening more pathways into the field matters to every company in wealth management.
Pershing reported higher revenue in Q1 after a rough last year when clients fled due to First Republic's failure. Parent BNY Mellon's CEO Robin Vince said he feels 'very good' about Pershing.
The Bank of America wealth management subsidiary joins Morgan Stanley and Wells Fargo in no longer divulging how many financial planners it has on the payroll.
The firm's wealth management business saw strong new assets inflows in the first quarter, particularly from its business catering to family offices.
Forty-five percent of wealth managers say a disputed presidential election would hurt their business, according to a new Arizent survey.
Citizens Financial said long-time Morgan Stanley leader Paul Casey will spearhead its wealth, private banking units as part of a larger expansion in advisory services.
