Whitepapers | Vanguard UK Professional

Practice management

Adviser’s Alpha: Value of human and robo advice

Our research focuses on how investors value the advice they receive from human and robo-advisers, and what this means for advisers who want to fine-tune their proposition and optimise their value-add for existing and potential clients.

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Adviser’s Alpha: Putting a value on your value

Vanguard's Adviser's Alpha identifies the seven critical benefits that advisers offer clients and attributes to each a quantitative value.

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Adviser's Alpha guide to proactive behavioural coaching

The Vanguard's Adviser's Alpha Guide to Proactive Behavioural Coaching offers ready-to-implement tools and strategies that can help advisers guide clients past uncertainty to reach their goals.

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The value of personalised advice

Because the value of advice differs from client to client, this latest study explores how financial advice providers can calculate a personalised value of advice based on an individual's unique needs and circumstances.

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Portfolio construction

The case for low-cost index-fund investing

We examine how indexing performs in a variety of circumstances, including diverse time periods and market cycles, and we provide investors with points to consider when evaluating different investment strategies.

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Beyond expense ratios: A contemporary guide to index fund manager selection [2019]

This paper provides a contemporary framework for evaluating index funds and asset managers by assessing fund expenses as only one component of a broader set of qualitative and quantitative factors including organisational incentives, portfolio management capabilities, securities lending practices, pricing policies and scale.

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Going global with bonds

How a hedged global fixed income allocation can help reduce a portfolio's volatility without necessarily decreasing its total return.

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Retirement

The UK replacement ratio: Making it personal

With our approach to calculating the replacement ratio, investors begin with their current annual consumption and then factor in the taxes and other charges necessary to access their savings. The replacement ratio is then the total amount required in retirement, expressed as a percentage of the investor’s pre-retirement income.

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Safeguarding retirement in a bear market

What is the effect of ‘sequence-of-return’ risk—the risk of receiving a concentrated series of particularly poor returns—on retirees who depend on a financial portfolio to generate income? We provide a quantitative answer to this question by examining the cohorts that would have retired during or near six major US bear markets since 1926.

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Sustainable spending rates in turbulent markets

This paper addresses the impact of market shocks on sustainable withdrawals from a portfolio to fund retirement and also the portfolio’s longevity.

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