GreyLord
Legend
Thought about putting it in the D&D forum (and if it fits, a mod could move it there), but as it's only Tangentially related, didn't quite know where else to put it.
Vanguard has more money than Elon Musk, more money than many small nations, and those running it probably have more money at their fingertips that they handle than most of the richest people in the world. They currently have around 8.5 TRILLION (that's right, that's TRILLION) US dollars in assets.
One of the big groups on the board is Vanguard. They are actually a rather MASSIVE part of Hasbro, owning more of the company than anyone else. If it is the same Vanguard that I am thinking, they also do stocks for people (as well as handle retirements, funds, and much, much more in the world of finances).
So, I've heard a rumor that could impact how Vanguard does things eventually, which in turn could affect Hasbro, which in turn could affect WotC which in turn could affect D&D (yes, that's quite the chain there, but also yes, I think it is a logical chain of cause and effect).
Anyone with less than 1,000,000 USD who is doing a transaction over the phone will now be charged $25 for it. It doesn't affect anyone who does the same thing over the internet. This actually effects my generation as we tend to do more things over landlines and in person than over cell/smart phone OR the internet (wired or wireless).
However, this isn't the part that really personally worries me. I think it's being done in poor taste, and they should do something else, but at the end of the day progress is made. I expect it's more a move to force people to move to doing business over the internet than to punish old people.
They are now going to charge ANYONE who has less than 5 million dollars in Vanguard a $100 dollar fee (yes, I know, some of you may think that is minimal to someone with a lot of money, but it's anyone so even those with less than 1000 dollars I would suppose) to transfer accounts. There is also rumors that the $25 charge will apply to those with less than 5 Million in their accounts at some point if they haven't already.
Now, many of those who have a little bit more money tied up in Vanguard prefer to meet with people there personally and handle things in a more secure place than simply online, over wireless, or otherwise. I think these fees will apply to them on top of the fee for meeting in person.
Some would say those who have that type of money shouldn't care, it's a drop in the bucket...but many of them are incredibly tight fisted. Many who may feel they have investments in Hasbro are invested via Vanguard, whether they may realize it or not.
The largest single investor who is independent has around 410 Million. He was an insider who has a lot of stock. Vanguard itself literally has over double what he has. Vanguard investment group has almost 2.5X what he has.
This change indicates a change within Vanguard and where it is going...I have no idea. However, I think this new way of approaching things probably has a high chance of eventually affecting Hasbro (and other companies Vanguard owns) simply due to how it affects those who invest and do business with Vanguard and the thinking that goes behind it.
Vanguard has more money than Elon Musk, more money than many small nations, and those running it probably have more money at their fingertips that they handle than most of the richest people in the world. They currently have around 8.5 TRILLION (that's right, that's TRILLION) US dollars in assets.
One of the big groups on the board is Vanguard. They are actually a rather MASSIVE part of Hasbro, owning more of the company than anyone else. If it is the same Vanguard that I am thinking, they also do stocks for people (as well as handle retirements, funds, and much, much more in the world of finances).
So, I've heard a rumor that could impact how Vanguard does things eventually, which in turn could affect Hasbro, which in turn could affect WotC which in turn could affect D&D (yes, that's quite the chain there, but also yes, I think it is a logical chain of cause and effect).
Anyone with less than 1,000,000 USD who is doing a transaction over the phone will now be charged $25 for it. It doesn't affect anyone who does the same thing over the internet. This actually effects my generation as we tend to do more things over landlines and in person than over cell/smart phone OR the internet (wired or wireless).
However, this isn't the part that really personally worries me. I think it's being done in poor taste, and they should do something else, but at the end of the day progress is made. I expect it's more a move to force people to move to doing business over the internet than to punish old people.
They are now going to charge ANYONE who has less than 5 million dollars in Vanguard a $100 dollar fee (yes, I know, some of you may think that is minimal to someone with a lot of money, but it's anyone so even those with less than 1000 dollars I would suppose) to transfer accounts. There is also rumors that the $25 charge will apply to those with less than 5 Million in their accounts at some point if they haven't already.
Now, many of those who have a little bit more money tied up in Vanguard prefer to meet with people there personally and handle things in a more secure place than simply online, over wireless, or otherwise. I think these fees will apply to them on top of the fee for meeting in person.
Some would say those who have that type of money shouldn't care, it's a drop in the bucket...but many of them are incredibly tight fisted. Many who may feel they have investments in Hasbro are invested via Vanguard, whether they may realize it or not.
The largest single investor who is independent has around 410 Million. He was an insider who has a lot of stock. Vanguard itself literally has over double what he has. Vanguard investment group has almost 2.5X what he has.
This change indicates a change within Vanguard and where it is going...I have no idea. However, I think this new way of approaching things probably has a high chance of eventually affecting Hasbro (and other companies Vanguard owns) simply due to how it affects those who invest and do business with Vanguard and the thinking that goes behind it.
