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Financial Planning > College Planning

Vanguard Names New Chiefs of Advisor Services, Retail Investor Group

By Janet Levaux

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Vanguard said Tuesday that two of its executives will have new leadership roles within the company.

Karin Risi has been tapped to be head of Vanguard’s Retail Investor Group, which has some $1.3 trillion in assets and serves more than 6 million clients. Over the course of the next several months, Risi will transition into her new role, replacing Paul A. Heller, managing director of the group, who is retiring at year-end after 31 years with the firm.

Thomas M. Rampulla will lead the Financial Advisor Services division, which works with about 1,000 financial advisory firms that have about $1 trillion in assets. Rampulla will succeed Martha G. King, who is taking a new role directing the Vanguard Institutional Investor Group.

Both Risi and Rampulla will report directly to Vanguard CEO Bill McNabb over the next few months and will join the 11-member team responsible for leading Vanguard and its operations.

“Karin’s leadership skills and deep experience in various client-service roles will be vitally important as we continue to seek to lower the cost and complexity of investing for individuals saving for retirement, college and other goals,” said McNabb, in a statement.

Risi joined Vanguard in 1997. She has worked closely with financial advisor and institutional clients in management positions in Vanguard’s Financial Advisor Services division and Institutional Investor Group.

Rampulla came to Vanguard in 1988. Most recently, he has been responsible for the management of Vanguard’s European businesses and is a member of Vanguard’s International leadership team. Previously, he managed the distribution of Vanguard ETFs and mutual funds through Vanguard’s financial advisor partners in the United States.

“Vanguard’s Financial Advisor Services division is one of our fastest growing businesses, and Tom will bring his vast knowledge and understanding of the investment advisor industry to build on that momentum,” explained McNabb.  “Tom will continue to focus on Vanguard’s efforts to promote the value of investment advice and to expand the use of Vanguard’s low-cost ETFs and mutual funds among our advisor clients.”

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