Vanguard to pay $40 million to mutual fund investors stuck with big tax bills
Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million to settle a lawsuit claiming it stuck ordinary investors in its popular target-date retirement funds with surprisingly large tax bills.
Vanguard culling its legacy mutual fund account system by end of 2025
For advisors who still have clients invested in mutual funds directly through Vanguard’s legacy transfer agent system, that company dropped some big news: That option is closing at the end of 2025. But there may not be very many advisors using that route to invest client assets anymore.
Moreover, the proliferation of exotic exchange-traded funds (ETFs) is fueling this trend. Today, investors seeking to ...
Vanguard has agreed to pay $40 million to settle a long-running lawsuit over a selloff that investors likened to an ...
The lawsuit was brought by a group of investors who say changes Vanguard made to target-date funds resulted in them getting stuck with massive tax bills.
The obsession for foreign currency, specifically the USDollar, has driven investors towards dollar denominated financial ...
Paul Katzeff is an award-winning journalist who has written four books about how to grow your 401(k) retirement nest egg and one about internet investing. He has worked as a senior reporter/writer ...
The firm joins dozens of others who've made similar requests since Vanguard's patent on the structure expired.
BlackRock Inc., the world's biggest ETF issuer, is the latest company to seek permission to carve exchange-traded funds from ...
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