Vanguard’s 2023 Slim-Down Claimed 3 Units and Robo

Vanguard recently eliminated three business lines and dropped one of its fledgling hybrid robo-advisors, moves that could potentially free the firm to focus on its bread and butter: low-cost index funds for retail investors, one analyst says. Last month, Mercer announced that it had agreed to acquire Vanguard’s $59 billion outsourced chief investment officer business, which provides investment management services for not-for-profit organizations and other institutional investors.  “It would not surprise me that Mercer made a wicked good offer as part of desire to retain their #1 standing in OCIO,” said Neil Bathon, managing partner at FUSE Research.

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Article published on January 2, 2024