US fund manager Vanguard is exploring the possibility of entering the UK advice market after it was granted Financial Conduct Authority (FCA) approval to provide investment guidance.
In an email sent to clients on Thursday morning (9 January), Vanguard head of Europe Sean Hagerty said the firm was exploring the launch of a direct to consumer financial advice offering in the UK. He said Vanguard was in the "early stages" of the development and that there was no timescale set up for bringing a new proposition to market, adding: "We are committed advocates of the value advisers add and will continue to invest in the services and support we provide to traditional investors." The head of Europe said a new team had been created at Vanguard who will be dedicated to part...
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