{"id":22680,"date":"2024-10-25T20:48:12","date_gmt":"2024-10-25T20:48:12","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/10\/25\/vanguard-to-close-legacy-mutual-fund-platform-by-end-of-2025\/"},"modified":"2024-10-25T20:48:12","modified_gmt":"2024-10-25T20:48:12","slug":"vanguard-to-close-legacy-mutual-fund-platform-by-end-of-2025","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/10\/25\/vanguard-to-close-legacy-mutual-fund-platform-by-end-of-2025\/","title":{"rendered":"Vanguard to Close Legacy Mutual Fund Platform by End of 2025"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/906870686\/0\/thinkadvisor.jpg\"><img decoding=\"async\" src=\"https:\/\/feeds.feedblitz.com\/-\/906870686\/0\/thinkadvisor.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/06\/18_Vanguard_Logo_Laptop_BB_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><!----><!----> <\/p>\n<div data-v-3faa61c9 readability=\"11\">\n<p>&#8220;But Vanguard is finally done with the nudges and incentives,&#8221; DeMaso added, noting one Vanguard investor holding physical mutual fund shares was told to return them or his shares would not be eligible for transition to the new platform.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-3faa61c9 readability=\"12\">\n<p>&#8220;Vanguard may call it an &#8216;upgrade&#8217; on its transition website, but for anyone still holding on to a legacy mutual fund account or shares, this is an unwelcome change \u2014 and you don&#8217;t have a choice in the matter,&#8221; DeMaso wrote.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-3faa61c9 readability=\"11\">\n<p>For customers who do nothing, &#8220;Vanguard will simply transition your account to its brokerage platform, whether you like it or not,&#8221; he said.<\/p>\n<\/div>\n<p> <!----> <\/p>\n<div data-v-3faa61c9 readability=\"14\">\n<p>Investors also can take their money to a different provider, like Fidelity, Schwab or E-Trade, or can request a distribution \u2014 selling their shares, which could bring tax implications, DeMaso noted.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-3faa61c9 readability=\"13\">\n<p>The Vanguard Brokerage Account &#8220;is a modern investing platform for retail investors with a simplified web experience, access to Vanguard&#8217;s mobile app, and greater accessibility to a wider variety of products, including Vanguard ETFs,&#8221; Vanguard said in an emailed statement Friday.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-3faa61c9 readability=\"9\">\n<p>The company is working to transition customers on the legacy retail platform to a brokerage account, the Vanguard said.<\/p>\n<\/div>\n<p><!----> <\/p>\n<div data-v-3faa61c9 readability=\"7\">\n<p>CityWire wrote about the transition earlier Friday.<\/p>\n<\/div>\n<p><!----> <!----> <\/p>\n<div data-v-3faa61c9>\n<p><em>Image: Bloomberg<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;But Vanguard is finally done with the nudges and incentives,&#8221; DeMaso added, noting one Vanguard investor holding physical mutual fund shares was told to return them or his shares would not be eligible for&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/10\/vanguard-to-close-legacy-mutual-fund-platform-by-end-of-2025.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22680"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22680"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22681"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}