When Vanguard announced it was bringing down the shutters on its UK advice service, the news sent shock waves through the financial advice community. Many were surprised as it had successfully implemented a similar proposition in the US and carved a name for itself as champion of low-cost advice.
Vanguard is launching Vanguard Invest Anlageservice, a new digital investment service for German end investors.It will provide investors with a tailored investment portfolio based on their risk profile, using Vanguard's equity and bond funds.
Tom Ellis: Is Vanguard Personal Financial Planning going to be a true advice disruptor?
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Tom Ellis: This is a severely restricted financial advice proposition and, while we re on the topic of restricted, it is only servicing clients through its D2C platform and offering advice on Vanguard funds.
20 reasons to stay away: Vanguard lists strict criteria for advice service
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Professional Adviser hosts must-attend events for the financial adviser sector.
The success and reach of the brand has enabled us to deliver a series of market-leading events, including our popular breakfast briefings, awards and conferences.
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Vanguard said it will cost 0.79% for the advice service, including ongoing fund charges, transaction and platform fees.
Prospective clients may find it trickier than first thought to make use of Vanguard s new financial planning arm, especially if they hold things such as multiple workplace pensions or want to invest in ESG, Professional Adviser can reveal.
Vanguard launches pension advice with 0 79% all-in price tag citywire.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywire.co.uk Daily Mail and Mail on Sunday newspapers.