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We're seeing new retirement, HR, and employee benefits tools and solutions that 10 years ago would only have existed in the imagination. Advances in technology and analytics, as well as greater attention paid to customers' needs, are bringing products aimed at helping advisors, brokers, and HR do their jobs despite the chaos and uncertainty of 2020. Here's news that's crossed our virtual, remote desk of late.
Vanguard announced the following changes to its taxable money market fund lineup: Vanguard Prime Money Market Fund will be reorganized into a government money market fund and renamed Vanguard Cash Reserves Federal Money Market Fund; Vanguard will drop the investment minimum of the fund's Admiral Shares to $3,000 from $5 million; and Vanguard Treasury Money Market Fund has reopened to new investors.
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