News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

Vanguard is all about making investing cheap, so why the PE fund?

It’s not a good look for a company whose take on fees is: ‘If the money is going somewhere else, it’s not going to you’

Partnership with HarbourVest questions the entire ethos of Vanguard
Partnership with HarbourVest questions the entire ethos of Vanguard Photo: Getty Images

Daniel P Wiener is chair of Adviser Investments, a $7bn wealth advisory that uses Vanguard funds extensively

When an investment company known as an advocate for low fees and full transparency on costs turns opaque, you know something is afoot. Indeed, Vanguard’s foray into private equity for the masses is so laden with fees it is hard to know exactly what you are paying and to whom.

WSJ Logo