Vanguard takes first step to democratize private investments with 'soft' launch of branded funds -- so soft Merrill Lynch and BoA private bankers get exclusive rights to sell them.

Latest News About Vanguard introduces private funds to elite banking network

Vanguard began a limited rollout of private investment funds solely available to Merrill Lynch and Bank of America private bankers on July 24, 2026. The so-called 'soft launch' currently excludes registered investment advisors. The move marks the company’s initial step toward offering private investment products under its brand. Vanguard also lowered costs on its $20 billion All-World ETF starting July 28, in response to competition. Separately, a key review of major U.S. investors’ climate voting records was published this week. Other recent trends bolstered Vanguard’s index funds for sustained wealth building and its ETFs that turn $100 monthly contributions into long-term gains.

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