Corey Hoffstein ๐ดโโ ๏ธ
@choffstein
CEO & CIO, Newfound Research | ๐ฅ Return Stackedยฎ ETFs | ๐ Liquidity Cascades | ๐ Rebalance Timing Luck | โก๏ธ Risk cannot be destroyed, only transformed.
๊ฐ์
October 2009
1.2K ํ๋ก์ ์ค 85.5K ํฌ
Woah.
BIG: Vanguard acquired Altruist, a wealth management platform. Major bc they never do acqusitions, second one ever. Also it means they are now a custodian. Also shows they want to push their advisory reach (they are super cheap relative to norm, 5bps-25bps depending on minimum) albiet vast majority of their clients were existing Vgrd fund investors vs external new. Salim Ramji said advice is a "luxury" and he wants to expand it and make it accessbile to more people.
๋ ๋ณด๊ธฐ
