Retirement planning: The view from Vanguard

Steve Utkus, director of the Vanguard Center for Retirement Research.

Steve Utkus, director of the Vanguard Center for Retirement Research.

The dramatic shift by retirement savers to passive investing means financial advisors will spend less time in the future picking stocks, and that leads to questions about new ways to add value.

Nowhere are those questions more pressing than at Vanguard, the king of passive mutual fund investing. The company has been testing its Personal Advisor Services product, a retail advice platform, but the company also is thinking about new ways to help clients with their personal finances that go well beyond their retirement portfolios—from debt management to health insurance and an array of competing objectives within household balance sheets.

Recently, I interviewed Steve Utkus, director of the Vanguard Center for Retirement Research, about the fund family’s new direction and the evolution of retirement planning. Read the Q&A at Wealthmanagement.com.

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