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Vanguard, the closely held company known for popularizing passive ETFs, will create a new Advice & Wealth Management division, and is bringing in an outsider to head it up, the company said Monday.

The newcomer CEO has given no indication that he has plans for a major cultural shake-up at Vanguard, which was founded by ...

Dec 9 (Reuters) - Money manager Vanguard said on Monday it will establish a new advice and wealth management division led by industry veteran Joanna Rotenberg. Leading asset managers are expanding ...