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.
3 Top Vanguard Mutual Funds to Keep an Eye on
Invest in Vanguard mutual funds like VGENX, VQNPX and VASVX, which are expected to perform well in the future.
Vanguard to pay $40M to settle 'elephant stampede' investor case
Target-date fund holders who invested through taxable accounts absorbed a giant capital gains distribution because of the firm's flub, the plaintiffs say.
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.
Vanguard reaches $40M settlement over investors hit with high tax bills
The lawsuit said the investment management giant’s decision to open some of its target date retirement funds to smaller shareholders led to surprisingly large tax bills.
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Vanguard Reaches $40 Million Settlement in Target-Date Fund Lawsuit
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.
7 Best Vanguard Funds to Buy and Hold
Moreover, the proliferation of exotic exchange-traded funds (ETFs) is fueling this trend. Today, investors seeking to ...
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Vanguard to Pay $40M in Target-Date Sell-Off Case
Vanguard has agreed to pay $40 million to settle a long-running lawsuit over a selloff that investors likened to an ...
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9 Best Vanguard Mutual Funds
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 ...
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FX appetite drives up mutual funds assets by 81.5 % to N3.5trn
The obsession for foreign currency, specifically the USDollar, has driven investors towards dollar denominated financial ...
BlackRock Seeks Vanguard-Style ETF Share Class
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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BlackRock Seeks to Offer Vanguard-Style ETF Shares in Mutual Funds
The firm joins dozens of others who've made similar requests since Vanguard's patent on the structure expired.