{"id":7048986,"date":"2026-08-27T07:44:55","date_gmt":"2026-08-27T07:44:55","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/financial-advice-altruist-acquisition-high-yield-cash-better-bond-options-my-money-blog\/"},"modified":"2026-08-27T07:44:55","modified_gmt":"2026-08-27T07:44:55","slug":"financial-advice-altruist-acquisition-high-yield-cash-better-bond-options-my-money-blog","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7048986","title":{"rendered":"Financial Advice (Altruist Acquisition), High-Yield Cash, Better Bond Options \u2014 My Money Blog"},"content":{"rendered":"


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Vanguard has been a big part of building my net worth, and I\u2019m always watching to see if they are keeping the culture. Barron\u2019s last week ran the article Vanguard Conquered the ETF World. Where It\u2019s Aiming Next<\/a>, but it\u2019s probably behind a paywall. Well, the three main areas are high-yield cash savings accounts, financial advice, and fixed-income investing. Let\u2019s explore them all a bit.<\/p>\n

Financial advice.<\/strong> I find this the most interesting area of change. Can Vanguard find a way to provide high-quality advice to the masses at a low cost? They have gathered a lot of assets into what they have built already, even though I don\u2019t see it as a high-quality tool yet. Too rigid, and too pricey for what you get.<\/p>\n

Vanguard just announced that they are acquiring Altruist, a start-up firm supporting independent financial advisors, for over $4 billion (WSJ gift article<\/a>, official Vanguard press release<\/a>). A big move by new CEO Ramji.<\/p>\n

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\u201cAltruist\u2019s mission to make financial advice more accessible, more affordable, and help advisers scale their practices, that very much rhymes with what we\u2019re trying to do here at Vanguard,\u201d Ramji said. \u201cThat\u2019s really how this acquisition was born.\u201d<\/p>\n<\/blockquote>\n

Will Vanguard work more directly with independent advisors now? Will they successfully incorporate all this new technology and AI stuff into their in-house advice platform? Will it be a shocking amount cheaper than the competition, spreading the \u201cVanguard Effect\u201d to portfolio management?<\/p>\n

High-yield cash savings.<\/strong> I opened a Vanguard Cash Plus Account a while back, but so far it\u2019s been sitting empty. The current yield is 3.35% APY as of 8\/24\/26, which is okay in the world of online savings accounts but not special. I know it\u2019s FDIC-insured, but personally I feel equally as safe with a Vanguard money market fund, especially those that are 99%+ made of US Treasuries. The Barron\u2019s article suggests that the main purpose for Cash Plus seems to be to draw in new customers that don\u2019t already have a Vanguard brokerage account.<\/p>\n

The current 7-day SEC yield (as of 8\/24\/26) on the default brokerage sweep is Vanguard Federal Money Market Fund (VMFXX<\/a>) is 3.62% with a compound yield of 3.68% (best comparison to APY). I can do even better with Vanguard Treasury Money Market Fund (VUSXX<\/a>), which is exempt from state income taxes. There\u2019s also now Vanguard 0-3 Month Treasury Bill ETF (VBIL, see below). All of these options are better than Cash Plus. <\/p>\n

Will Vanguard expand back into cash management and checking again? Maybe it\u2019s best they don\u2019t.<\/p>\n

Fixed-income investing.<\/strong> This also makes sense, especially with a higher yield environment making people branch out to various bond segments, as with fixed income the easiest way to get a higher return without taking on more risk is to simply lower the expense ratio. The math just maths, for both cash and bonds.<\/p>\n

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Vanguard\u2019s active bond funds charge an average annual fee of 0.10%, compared with an industry average of 0.45% (excluding Vanguard funds), according to data from Morningstar. And 83% of Vanguard active bond funds beat peer 10-year average returns, according to Morningstar.<\/p>\n<\/blockquote>\n

VBIL has closed its bid\/ask spread gap with SGOV and is now also at 0.01%. So you can trade it easily with minimal loss whenever you want a cash sweep option in any brokerage. On top of that, VBIL expense ratio was lowered 0.06%, while SGOV is still at 0.09%. VBIL is the new SGOV replacement in all my various brokerage spaces.<\/p>\n

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One of the company\u2019s biggest fund launch success stories is the Vanguard 0-3 Month Treasury Bill ETF (ticker: VBIL), which reached $5 billion in assets less than a year after debuting in February 2025. That makes it the fastest-growing Vanguard ETF\u2014fixed income or equity. Devereux notes that as VBIL grew, the company took a page from its traditional playbook and cut the expense ratio from 0.07% to 0.06%. It\u2019s an example, she says, of how, while a lot is changing at Vanguard, \u201cour core mission and focus on clients aren\u2019t.\u201d<\/p>\n<\/blockquote>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Vanguard has been a big part of building my net worth, and I\u2019m always watching to see if they are keeping the culture. Barron\u2019s last week ran the article Vanguard Conquered the ETF World. Where It\u2019s Aiming Next, but it\u2019s probably behind a paywall. Well, the three main areas are high-yield cash savings accounts, financial […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[11310,11282,84147,3767,6415,2475,10912,11073,832,11222],"dealstore":[],"offerexpiration":[],"class_list":["post-7048986","post","type-post","status-publish","format-standard","hentry","category-finance","tag-acquisition","tag-advice","tag-altruist","tag-blog","tag-bond","tag-cash","tag-financial","tag-highyield","tag-money","tag-options"],"yoast_head":"\nFinancial Advice (Altruist Acquisition), High-Yield Cash, Better Bond Options \u2014 My Money Blog - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=7048986\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Advice (Altruist Acquisition), High-Yield Cash, Better Bond Options \u2014 My Money Blog - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Vanguard has been a big part of building my net worth, and I\u2019m always watching to see if they are keeping the culture. 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