Vanguard to Merge Target Date Retirement Fund Share Classes for $190 Million in Cost Savings

Vanguard to Merge Target Date Retirement Fund Share Classes for $190 Million in Cost Savings

The American College of Financial Services
The Philadelphia Inquirer
October 4, 2021

Financial services giant Vanguard recently made waves in the industry by announcing a consolidation of their Target Date Retirement Fund assets worth a total of almost $660 billion. While some in the profession are criticizing the decision as too little, too late to save the company money, WMCP® Program Director Michael Finke says the move actually makes a lot of business sense.

Read more of his take in The Philadelphia Inquirer.

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