Vanguard’s ongoing liquidation of Institutional Services Group, LLC (ISG), its outsourced chief investment officer (OCIO) business, has prompted concerns among former clients regarding the preservation of their rights and interests. This article aims to inform former ISG clients about their rights, potential risks, and recommended actions in light of this development.
Bankruptcy Concerns and Your Rights
Vanguard has stated that ISG is solvent and its liquidation is intended to be an orderly process. However, as with any bankruptcy proceeding, there is a risk that former clients may experience losses. As a former ISG client, it is crucial to understand your rights and take appropriate steps to protect your interests.
Stay Informed
Preserve Records
Explore Your Options
Potential Risks to Consider
The ISG liquidation process presents several potential risks to former clients:
Loss of Access to Investments
Delays in Distributions
Diminished Account Value
Recommended Actions
To mitigate the potential risks, former ISG clients are advised to:
Take Proactive Measures
Monitor the Liquidation Process
Conclusion
Vanguard’s liquidation of ISG has significant implications for former OCIO clients. By understanding their rights, potential risks, and recommended actions, these clients can take proactive steps to protect their interests and navigate this transition effectively. Remember to consult with qualified professionals as needed and stay engaged with the liquidation process.
Kind regards
M. Davis
