Later Vanguard trading deadline draws criticism
Article Abstract:
Vanguard Group Inc. affected investors who exchange one Vanguard index or international mutual fund for another as it changed it policy of trading mutual funds. Vanguard extended its deadline to 4 p.m. daily from 2:30 p.m., which would allow fund managers to buy or sell security the same day, and to calculate a more accurate price for the funds shares once the market closes.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Vanguard fights to increase rollover business
Article Abstract:
The Vanguard Group Inc. is bolstering its retirement counseling and financial planning services, as it prepares for upcoming retirement-age savers to begin collecting their funds. Many savers rollover their 401(k) funds into Individual Retirement Accounts, and Vanguard presently ranks number 2 among 40l(k) administrators and has retirement accounts values at $165 billion.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
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Vanguard's tight fists may choke its growth.
Article Abstract:
The mutual fund firm Vanguard, which once drew crowds and money, is slipping in its usually stellar services and also the assurances given to investors. Vanguard's cost-cutting measures could be an impediment as reform measures always add expense for fund companies.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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