Vanguard to accelerate wealth management drive in restructuring

Former Fidelity exec lands as head of new Vanguard division

Since arriving in January, Vanguard CEO Salim Ramji has now named three new members of the senior executive team — all picks from outside the company.

Asset Management Giant Vanguard Carves Out New Wealth Management Division

Vanguard, the $10-trillion asset management juggernaut, invented the index fund, but lately it’s trying to reinvent itself.  On Monday, the firm said it will move its $900 billion wealth management business into its own division, marking the biggest restructuring at the world’s second-largest money manager in more than ten years. Making His Mark CEO Salim Ramji only joined Vanguard from BlackRock, the world’s largest asset manager, in July, but …

Vanguard to accelerate wealth management drive in restructuring

World’s second-biggest asset manager will break advice business into separate unit

Vanguard Launches New Advice and Wealth Management Division

Vanguard's new wealth management initiative will be led by Joanna Rotenberg, who is joining the company from Fidelity.

Vanguard taps ex-Fidelity executive to lead new wealth division

Joanna Rotenberg, recently of Fidelity Investments, will lead Vanguard's newly created advice and wealth management division starting in 2025.

Vanguard to set up new advice and wealth management unit

Investment management company Vanguard has announced the creation of a new advice and wealth management division, to be headed by Joanna Rotenberg. Vanguard’s advice and wealth management businesses are rapidly growing, driven by its philosophy of diversified, and low-cost solutions that maximise client returns, stated the company. Rotenberg, an industry veteran, will join Vanguard in January 2025 to lead the division as a managing director and …