Vanguard gets regulatory nod to offer UK financial advice

LONDON (Reuters) - U.S. asset manager Vanguard has been given permission by the British regulator to offer financial advice to retail investors, it told financial adviser clients in an email seen by Reuters.Such a move by Vanguard, best known for its low-cost index-tracking funds that have already disrupted the asset management industry, would provide a major challenge to the army of financial advisers that currently promote its funds.Head of Europe Sean Hagerty, who has overseen strong growth..