Resource Advisory Services in Knoxville, Tennessee, for example, recently reported losing a $2 million client to Vanguard because the mutual fund giant provides a personal advisor and low fees.
Estimated reading time: 0 minutes, 23 seconds
Advisors Having Tough Time Competing with Vanguard
Some advisors—including those who use funds from the Vanguard Group—say they can’t compete with the fund company’s financial planning services that charge only 30 basis points and serve clients with as little as $50,000 in assets. So reports Financial Advisor.
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