Vanguard Partners with Vanilla for Enhanced Wealth and Legacy Planning Capabilities

Vanguard

VALLEY FORGE, PA — Prominent investment management company, Vanguard, is set to introduce new and improved intergenerational wealth and legacy planning capabilities. This is made possible through a partnership with Vanilla, an innovative provider of digital estate planning tools and solutions. The offering aims to provide ultra-high-net-worth Vanguard investors with a visualized approach to managing their current and future estate planning goals.

Vanguard’s Personal Advisor suite, launched in 2015, combines an advanced online experience with the unique behavioral coaching and financial planning abilities of a human advisor. Estate planning, a critical component of financial planning, can often be complex and daunting for investors. However, a well-designed approach can empower individuals to manage their legacy planning in line with intricate federal and state tax rules.

Eligible clients will work directly with their advisors to utilize Vanilla’s platform for integrated visualizations of net worth, asset transfer diagrams, estimated tax calculations, ongoing estate monitoring, and modelling potential impacts of further estate planning scenarios.

Gene Farrell, CEO at Vanilla, noted the importance of differentiated estate planning advice, particularly given the significant amount of wealth expected to be transferred to younger generations over the next two decades. “Our platform is purpose-built by advisors and estate professionals, combining world-class design and cutting-edge technology to help firms deliver a holistic, modern estate planning experience to their clients,” he said.

Vanguard’s commitment to client-centric digital innovation is evident in its recent enhancements, including digitally managing advisor appointments and modeling alternative spending scenarios for review with an advisor. Furthermore, Vanguard unveiled a tax-efficient retirement income strategy, which coordinates Social Security timing, withdrawal order, and IRA conversions to create integrated recommendations tailored to the client’s unique situation.

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These developments are of utmost importance to investors and industry insiders, as they demonstrate Vanguard’s continued evolution in providing comprehensive and sophisticated wealth management solutions. The partnership with Vanilla represents another step forward in Vanguard’s commitment to enhancing the investor experience and providing cutting-edge tools for wealth and legacy management.

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