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Vanguard Changes
Old 01-06-2009, 01:39 PM   #1
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Join Date: Aug 2005
Posts: 275
Just got a letter saying that Vanguard Brokerage Services will "... assume the duties and responsibilities of our clearing agent, Pershing LLC."

Can someone explain exactly what that means, in English?

It may make them more efficient, but it may also raise the chances for some type of fraud or embezzlement. I like the idea of different people looking at what happens to my money, not just one.

Your thoughts?
Gearhead Jim is offline   Reply With Quote
 

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