The proportion of new money invested in Vanguard funds coming via brokers and independent advisers has been increasing steadily, according to Vanguard . Historically, a lack of commissions deterred financial advisers from recommending Investment News funds, however, greater scrutiny of how wealth managers are paid has increased interest in passively managed index trackers and ETFs pioneered by the Pennsylvania -based firm. The wave of investments comes as several forces are shifting the mutual fund industry, making it more competitive. Sept. 30 , advisers have accounted for around 50% of the $ 225bn in inflows to Vanguard and now constitute eight of the $ 225bn in assets managed by the firm.
The proportion of new money invested in Vanguard funds coming via brokers and independent advisers has been increasing steadily, according to Vanguard . Historically, a lack of commissions deterred financial advisers from recommending Investment News funds, however, greater scrutiny of how wealth managers are paid has increased interest in passively managed index trackers and ETFs pioneered by the Pennsylvania -based firm. Sept. 30 , advisers have accounted for around 50% of the $ 225bn in inflows to Vanguard and now constitute eight of the $ 225bn in assets managed by the firm.