Vanguard head of Europe Sean Hagerty has tried to reassure the financial advice sector that the firm is not trying to take savers away from their current advice providers following the investment giant's launch of a financial planning arm off the back of its D2C investment platform.
On Monday (19 April), Vanguard launched a low cost and somewhat basic financial planning service for accumulation savers, Vanguard Personal Financial Planning. The new financial planning firm has been in the making for the best part of 18 months with the firm gaining its regulatory permissions in January last year before spending the majority of 2020 building its technology. It launched its D2C platform back in May 2017 before adding self-invested personal pension capabilities in February 2020. Discussing the logistics of its advice service, Hagerty has plans for it to continuously ad...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
