10.25.24

Vanguard To Close Legacy Mutual Fund Platform by End of 2025

by: Dinah Wisenberg Brin

Vanguard Group plans to close its legacy mutual fund platform for retail investors by the close of 2025. The asset manager has announced on its website that it's "upgrading" accounts on the old platform to Vanguard brokerage accounts and will retire access on the legacy service. "Going forward, our Vanguard Brokerage Account platform — a modern investing experience with access to additional investment products and services such as Vanguard ETFs, our advice offers and our new Cash Plus Account — will be the only way Personal Investor clients can invest directly with Vanguard," the company said.

Read the full article on Think Advisor