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Vanguard to Open Dallas Office as Texas Becomes a Hotbed


Vanguard to Open Dallas Office as Texas Becomes a Hotbed
Bloomberg
2 hrs ago
© Photographer: Mike Mergen/Bloomberg
The Vanguard Group headquarters are seen in Malvern, Pennsy
(Bloomberg) Vanguard Group will open an office in the Dallas-Fort Worth area early next year as Texas becomes a hotbed for firms that provide financial advice and investment management.
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The outpost will accommodate financial advisers and tech-support staff, the Valley Forge, Pennsylvania-based company said Friday in an emailed statement. The move affects the Personal Advisor Services group, which doles out investment advice online and oversaw about $231 billion as of March 31.
Vanguard, with about $7.5 trillion under management, is just the latest financial firm to grab a toehold in the Dallas area. Charles Schwab Corp. moved its corporate headquarters to nearby Westlake from San Francisco after acquiring rival TD Ameritrade in October. Texas also attr ....

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Vanguard, BlackRock join investors pledging to hit net zero


Vanguard, BlackRock join investors pledging to hit net zero
Alastair Marsh, Bloomberg News
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The world’s largest asset managers have joined a group of investors committing to cut the net greenhouse-gas emissions of their portfolios to zero.
BlackRock Inc. and Vanguard Group Inc. are among 43 investment firms managing more than US$22.8 trillion of assets that are joining the Net Zero Asset Managers initiative, according to a statement Monday. By signing up, the money managers are pledging to support efforts to limit global warming to 1.5 degrees Celsius by targeting net-zero emissions by 2050 across all their holdings. They also will set a public goal for the proportion of their assets that in 2030 will be on course for net zero. ....

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