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Stock impact report

Vanguard slashes investment minimum to $100 for robo advisor [Yahoo! Finance]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Yahoo! Finance
The move announced on Sept. 4 widens the firm's reach to more DIY investors, who tend to utilize digital advice services. This segment is also more often populated by people from younger generations who are comfortable with digital investing and often use it as an easier investor entry point. "Lowering the investment minimum for Vanguard Digital Advisor is an important step in our endeavor to broaden investors' access to advice, and to empower them earlier in their financial journey," said Brian Concannon, head of Vanguard Digital Advisor, in the press release. "We believe that advice strengthens investors' ability to navigate their personal finance and investment needs, and can drive better investment outcomes." Vanguard, based in Valley Forge, Pennsylvania, joins a growing number of firms that are trying to capture more than $80 trillion in assets projected to move to the younger generations in what's being called the great wealth transfer READ MORE: Know before you post: How Show less Read more
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