Vanguard is launching three new active-equity mutual funds exclusively for clients of its Personal Advisor Service, an effort that may improve the appeal of the low-cost, hybrid advisory platform for investors with higher risk tolerances.
The service, known as PAS, targets individuals with $50,000 or more to invest and offers financial planning and access to human advisors via a call center. Vanguard charges PAS clients an annual fee of 0.3%, lower than what most traditional financial advisors charge. At the end of June, PAS…
