Vanguard launches restricted financial planning arm

Vanguard said it will cost 0.79% for the advice service, including ongoing fund charges, transaction and platform fees. It will be a restricted service, recommending only Vanguard products and investments.  The advice arm will service those who have more than £50,000 to invest through its Vanguard UK Personal Investor platform. The investment giant said it would recommend "a tailored investment portfolio made up of a finely-tuned mix of low-cost and broadly diversified equity and fixed income funds". Vanguard also said it would reduce the level of risk its clients are exposed to as th...