Increasing Returns to Scale

The Vanguard Group’s private equity push is materialized by launching Attention to Buyers products on its brokerage accounts this summer as a prelude to the selection of “ relevance ” via its RIA

The $ 7.1 trillion manager based in Malvern, Pa., Will first sell the private shares of HarbourVest with stern warnings before becoming part of the portfolios of Vangaurd Personal Advisor Services. Note from Brooke: Virtually every asset manager and owner of RIA has had some form of Vanguard envy over …

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